In the last quarterly report we were told -
1. That they had to pay 12 months rent on the factory in China.
2. That the factory has not manufactured anything for 4 years, so it's basically a warehouse.
3. As at 31st March there was a stockpile of 2,551 tonnes of inventory on hand, mostly at the factory - no mention of expiry dates.
4. In March quarter they had only sold 58 tonnes mainly through distributors.
5. Prices have been dropped.
6. That there was insufficiant sales staff, none in Europe.
7. Their focus is on the sale of existing inventory. Beyond that, they don't have any plans.
This is the activity going on in the background. Sell off the rotting stockpile of product.
If they're lucky they might generate enough income to cover rent and wages ?
- Forums
- ASX - By Stock
- PET
- Early signs of Life
PET
phoslock environmental technologies limited
Add to My Watchlist
0.00%
!
2.5¢

Early signs of Life, page-4
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.60M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PET (ASX) Chart |
Day chart unavailable
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online