PET 0.00% 2.5¢ phoslock environmental technologies limited

A few things to note.A year ago the company announced it had...

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    A few things to note.

    A year ago the company announced it had received a court judgement that the $7mil be paid with a due date for payment.
    There was no trading halt and the amount was not taken up as a receivable amount in the balance sheet in any set of accounts.
    The amount was not paid.

    You'll see in the extract from the quarterly you posted that the company states "no firm agreement has yet been reached on payment dates or amounts".
    It is extremely unlikely that any payment has been made or even an agreement reached within the last 12 days.

    The annual report from 31 Dec 2022 showed the acculumated losses of the company were nearly $80 million and the net value of the company was equal to it's bank account balance.


 
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