On a positive note (positive posters only pls), page-109

OriginallypostedbyPrivateRob

Okay,soit’sbeenadayhorribilisformany,butalotofthefearfulchatteronhereislikelytonoteventuate.Somuchisjustworstcaseandfeartalk.

Here’sthealternatepositivereality:

1.Thereactuallyarefloodingissues;
2.ThereactuallywereCovidissues;
3.Managementwerehopingforsalesandreceivablestocomeinrighttotheend,sotheyhavecommunicated/reportedcorrectly;
4.InternationalisgrowingandourrelianceonChinaisreducingasaresult;
5.ThepipelineforChinaisnotalie-itactuallyisstillthereandstartstogoaheadagain;
6.BODmakebigpurchases(oncethisbigdrophassettledsoitdoesn’tappearthattheyhavetakentoomuchadvantageofit)(damnediftheydo,damnediftheydon’t,amIright?);
7.Regulartelephonecatchupskeepeveryoneinformedofprogresssotrustisregained;
8.FollowingtheselargerBODpurchases@23-25cthepriceshootsbackthrough30c;
9.AfteracoupleofbigdealsintheUSA,plusoneinChinagoingaheadagain,priceclears40c;
9.ThosewhobailedpostplentyofnegativerantsonHC;
10.Thosewhoheldstartsmilingagain;
11.Thosewhoboughtatthesepriceskeepsmiling.
12.AndtheInsto’sinatthe50cCR,well,theyalwaysknewitwouldcomebackandsotheyneverworriedabouttheseshorttermmarketshenanigans.

Sorrythatit’sbeenadisasterformany,butforthoseofuswhoarejustin,weareluckyandwecanbepositiveaboutPET.Nopointinscaringnewinvestorsoffwhocouldbepartofthesolutionforyou,helpingyoutogetyourmoneyback!

Rob
DYOR

A large part of what you are really buying when you buy a share in a company is a management team. This management team has DELIBERATELY FAILED to keep shareholders informed. It released a horrible update minutes before lodging its full year result and have been silent ever since... First half revenues were 1.2 mil... they must have obviously known for some time they weren't going to post a good result but failed to keep the market informed... They must have know when releasing their previous update - makes you wonder what else they are hiding. In what jurisdiction is the cash they say they have? AVOID

I sold the minute this release came out.