PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-123

  1. 7,073 Posts.
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    Happens in the big companies as well, mix in China's business ethics = 'muddy waters' - ummm ...

    Interesting irony that PET is doing a great job with a great product helping to physically 'unmuddy' chinese waters, but the accounting/business waters, good luck with that.

    https://www.forbes.com/sites/kenrapoza/2020/05/18/after-luckin-coffee-muddy-waters-goes-after-another-chinese-firm/#715e1fe6a9b3

    https://hotcopper.com.au/data/attachments/2487/2487974-54e7cd44e23eeaf5be91c97437243b27.jpg
    Just have to wait for the dirty laundry to get aired. Unless it is something small, I would be surprised if it doesn't go into a suspension for a while, hopefully not forever.

    Happens to the big companies as well & in other jurisdictions.

    https://www.copyright link/companies/infrastructure/boral-hit-by-financial-irregularities-in-us-windows-20191205-p53hd0

    https://hotcopper.com.au/data/attachments/2487/2487970-5826046bdc69ffc7b7f3246fe309186e.jpg
    https://www.investopedia.com/updates/enron-scandal-summary/#:~:text=The%20Enron%20scandal%20drew%20attention,lost%20billions%20in%20pension%20benefits.

    https://hotcopper.com.au/data/attachments/2487/2487972-1ec0dfc704ebe8164fff517dade51cf3.jpg
 
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