$PET - cashflows horrible this quarter, combined with China stock, and Chinese director selling... haaaaaa #hustle
Anyone wondered/questioned why they paid a bonus issue instead of a cash div? They blame the ATO - but given 86% of sales are in China, I suggest they struggled to repatriate the cash (for one reason or another if you get my drift). Does the cash even exist? $PET
This didnt stop directors getting hands on AUD share sale proceeds though, in the last 6 weeks, they've cashed a whopping $46.3m... not bad! $PET
So Phoslock $PET technology has been around since 1997 (developed by CSIRO) purchased by $PET in 2007.. Pretty average growth in every other country in the world besides China.. Begs the question, why the explosive growth in China all of a sudden?
So Phoslock $PET technology has been around since 1997 (developed by CSIRO) purchased by $PET in 2007.. Pretty average growth in every other country in the world besides China.. Begs the question, why the explosive growth in China all of a sudden?
So Phoslock $PET technology has been around since 1997 (developed by CSIRO) purchased by $PET in 2007.. Pretty average growth in every other country in the world besides China.. Begs the question, why the explosive growth in China all of a sudden?
If we assume the cash exists, its not held by $PET parent entity, or in the UK.. given sales (86%) to China, we can pretty safely assume its somewhere there.. Will this "cash" finds its way back to Oz? No prob for directors, since they're selling stock! Great way to repatriate!
If we assume the cash exists, its not held by $PET parent entity, or in the UK.. given sales (86%) to China, we can pretty safely assume its somewhere there.. Will this "cash" finds its way back to Oz? No prob for directors, since they're selling stock! Great way to repatriate!
If we assume the cash exists, its not held by $PET parent entity, or in the UK.. given sales (86%) to China, we can pretty safely assume its somewhere there.. Will this "cash" finds its way back to Oz? No prob for directors, since they're selling stock! Great way to repatriate!
Anyway, im sure this China stock will defy history and be legit... $PET

Disclaimer: the tweets above are my own research, and in NO WAY is it advice, do your own research! Assume I have a position
And its not like these Chinese directors have been involved in anything suspect before either.. they've ONLY overstated revenue to the tune of RMD 22m at Standard Water Ltd back in 2008 $PET
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