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2.5¢ phoslock environmental technologies limited

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AllTooHard

1,720 Posts.

14

10/08/23

11:51

Post #: 69266509
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Originally posted by WaterFall9: ↑

An issue regarding material discloses in the half year accounts?
Sounds like something to do with the company remaining a Going Concern.
Maybe PET management can’t satisfy its own board and its auditors that it will be solvent in 12 months time.
PETs survival depends higher sales, major cut in expenses, and raising loans or new equity.
Probably a combination of all. Cut senior management salaries, reduce the board before going back to the shareholders at some deeply discounted capital raising.

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They have $10 mil cash in the bank

Stating in there quarterly enough for the next 17 quarters.

So your 12 month time line makes no sense.

Capital raising ? Not any time soon thats for sure.

PET Price at posting: 2.5¢ Sentiment: None Disclosure: Held
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