PET 0.00% 2.5¢ phoslock environmental technologies limited

Cap raise at 50c, page-2

  1. 1,355 Posts.
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    I feel your pain Mick.
    One thing I'm not going to focus on is conspiracies.
    We just don't know.
    The most obvious issue here is that PET are heavily into China.
    We are in the middle of a global pandemic with significant implications for anyone dealing in or with... China.
    I think it's as simple as that.
    Now China may be unscrupulous with our company with payments, reneging on deals etc but it may just be that spending in that country has slowed down dramatically, like everywhere else.
    Nobody is signing big deals on anything right now, so let's just take our medicine for now, stop worrying about it on a daily basis and wait for the wheels to start turning again. I'm sure they've got plenty of irons in plenty of fires...it's just a very slow burn right now, for the obvious reason.
    I hope they can announce one soon.
    cheers
 
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