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2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-36

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The Whale1

2,756 Posts.

274

17/09/20

12:40

Post #: 47417156
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Originally posted by stockrock: ↑

Auditors only look at the historical information ... last time i checked, the market is not pricing PET based on historical information.. it’s forward looking.

Only caveat would be if the auditors told us they couldn’t find the cash sitting on the balance sheet, or they had short term debt due within 12 months that they couldn’t repay.. outside of that, adjust what ever revenue or expense you want... won’t impact the future of PET.

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I really doubt the market sees it this way if there is any sort of material negative adjustment

PET Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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