PET 0.00% 2.5¢ phoslock environmental technologies limited

OK, listen up.The quarterly cash flow report is correctly stated...

  1. 711 Posts.
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    OK, listen up.
    The quarterly cash flow report is correctly stated (at this point in time until the half yearly financials are released).

    The equation for determining the number of quarters remaining until cash is gone is simply how much cash is readily available divided by how much cash was spent out of cash reserves during that one quarter.
    I.E. $10,305 divided by 621 (the cash deficit for the quarter).

    Anyone who relied upon this one quarter of activity to accurately represent what the future may hold has rocks in their head.

    The company is regularly made to release, through the ASX, its Financial Reports (that are audited); company updates; and a forced "pre re-listing disclosure".

    There is nothing false or misleading about the last quarterly cash flow report.

    What is false is investors trying to blame the ASX for their own inability to properly read & analyse all other reporting.
    All the information you have needed to form judgements has been made available to you. It's not the fault of the ASX if you've chosen to ignore it or not try to understand it.



 
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