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2.5¢ phoslock environmental technologies limited

UK Market, page-26

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McQuade

1,366 Posts.

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29/05/23

09:26

Post #: 68008269
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Originally posted by geoffo: ↑

I don't think that the pressure on the SP is coming from those who read Hotcopper. Yes the pessimism is palpable but are those aged shareholders at the AGM dumping their millions of shares. Have not seen it. Mums and Dads? But surely they have left the stage! Day traders and dumpers or some sort of more sinister manipulation? The question remains then why the continuing downward pressure.

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I think it’s the low cash levels to fund the business.
Strategic review may be about how to survive until it’s cash flow positive.
Really just needs to book revenue. Desperately. And I think the lack of news on this front and the reasons behind customer inaction is scaring people.

PET Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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