PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-107

  1. 1,407 Posts.
    lightbulb Created with Sketch. 208
    Would not be surprised at all if it was something to do with "misappropriation" and an little old "fiddling of the books" as is were., coming out of the local regional management ranks. Thus causing a re statement of accounts.. ( refer some comment way back from the company re local management problems ?? cannot find the thread but sure remember it.)...all speculation of course.
    If it is anything like this ,it usually can be addressed and sorted quickly albeit with some embarrassment at Board level.. problem is, they operate in China and loss of face along with political issues could make this very sensitive and difficult to fix.

 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.