Forum Topics PET PET SMH News Story

Pinned straw:

Added 11 months ago

From top of the world to bottom of the lake: Inside the ‘fraud and bribery’ that sank $1b company


Refer to SMH article today Dec 16 2023



Nnyck777
Added 11 months ago

Wow @Bear77 these articles are explosive. There is clearly evidence that the board was aware of bribery as far back as 2019.

Board members and higher ups were also aware of corruption and sold large amounts of stock at huge profits with this knowledge.

There will likely be prison time for several players. What is concerning is the absolute lack of action taken by the ASIC to protect shareholders.

If anyone else was lost significant capital you can sign up to class action link below. I am finding it hard to wrap my head around just how corrupt PHOSLOCK is.

https://www.classpr.com.au/asx-pet/

I signed up this morning. Even if no money is restored I want to see these guys prosecuted and jailed.

12

NewbieHK
Added 11 months ago

For the paywalls…

https://12ft.io/

Works for 90-95% of sites.

9

Bear77
Added 11 months ago

Thanks @NewbieHK - that works! Very Interesting story indeed!

6