PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Trading Halt, page-39

  1. 3,657 Posts.
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    Most probably it has to do with accounts receivables (as revenue for half year was only $1.2 Million). The dispute maybe how the receivables are treated - The auditor may want to classify as bad debt while the company reckons that it will come good (technically the auditors will generally treat anything overdue by more than 180 days as bad debt).
 
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