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PO3 - Purifloh Limited

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verce said:
Hi greggles

Very fair observation. I thought this was the norm for broker reports on nano cap stocks? Happy to be corrected. I don't think it necessarily means that the report is inaccurate.
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Yep normal for the smaller analysts to get paid to produce reports for clients.
 
Purifloh up 12.5% today.

Very odd considering the XAO is down 77 points and there have been no announcements at all since 28 February.

Hmmmm...
 
Something will become apparent in the coming days.
Moves like this often pre-empt it.
Mind you you could argue that that was happening
back on 13/3

Just looked at course of trades!
Im no longer excited
Only $28000 traded!
 
tech/a said:
Just looked at course of trades!
Im no longer excited
Only $28000 traded!
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Yes, I should have checked the volume. Looks like someone is trying to manipulate the price by buying into a weak sell side. Currently trading at $4 but nearest bid is $3.75.
 
Well it kept going now $4.75

Up about 90c from when we saw it moving
albeit unconvincingly at $3.85c
 
tech/a said:
Well it kept going now $4.75

Up about 90c from when we saw it moving
albeit unconvincingly at $3.85c
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Clearly exciting news, from their half year report Tech/a. They have proudly announced a loss from ordinary activities after tax of ($1,492,454) up from ($130,126) from the previous corresponding period. That is an increased loss of 1047%
I can see how people may be getting excited by this news! (sarcasm folks)
Well heck it proves they are doing something, they must be doing something to lose all that money.
 
After more disappointing delays in the India trial results, I have decided to sit this one out, and maybe return in September if there is good news or if they prove they can lock in an OEM partner.

Sure, I could miss out on a big rise, but if it's as good as people say it will be, there will be an opportunity to hop back on for the long-term.

@Ann - your initial observations have started to sync up with me, and I think you may have been onto something here. In any case, I do not regret the PO3 experience, because I think it was the start of our enduring friendship!
 
Reactions: Ann
This has been an interesting and amusing afternoon. Love your persistence, Ann. Does it provide any encouragement to wanting to buy PO3? No.

A quick flick around
1. PuriflOH Limited (PO3) in conjunction with the Somnio Group, is developing its Free Radical Generator (FRG) technology ...
2. Somnio Group. Can't find much, but Somnio Global exists https://somnioglobal.com/about-us/
3. Somnio Global - based in Kalamazoo, Michigan
4. Somnio Global : We have operating relationships and agreements with a range of organizations, including: U.S. Department of Defense, Ford Motor Company, National Science Foundation, Hyundai Motors, Argonne National Laboratory, Michigan Agri-Business Association, National Research Institute (UK), Water Resources Group (Australia), Michigan Economic Development Corporation

I hate name-droppers that list their collaborations. I'd reckon if you rang 8 of the 9 listed above, the response would be, who? and I thought the ninth (highlighted) had changed its name May 2018.

- and, yes, the Buy Sell spread seems as wide as ever.
(and recapitalisations - just another way of saying "you've done your dough; be grateful you can now crystallise a tax loss")
 
... resignation of the Chairman Mr Bill Parfet, with immediate effect. Mr Parfet resigns as both Chairman and Director of the Board. Mr Parfet said “It has been an honour ... blah blah.” Mr Parfet has indicated he is not seeking to sell down his shareholding in the Company.

The Company’s major shareholder, Dilato Holdings Pty Ltd, is controlled by Purifloh director, Mr Carl Le Souef, who will take up the role of Chairman on an interim basis. Mr. Carl Le Souef is a founding partner and co-owner of Somnio Global.

The Company said; "We plan to release a detailed update of activities in the near future."

 
PuriflOH will supply its products to Aspen Medical for in the field deployment. The agreement signals the mutual intent to enter into a fuller and formal commercial agreement for exclusive supply and distribution within Aspen Medical’s fields of expertise.

The deployment products will be:
1. the air conditioning coil disinfection technologies; and
2. the whole of room air purifier of which the design and testing activity is entering its final pre-production phase.
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Initial sales of these products will provide for field pilot sites and hence will not provide material revenue or cost but act as a critical reference site for future sales.

.... this news, (which serves as a Statement of the Party’s Intentions to enter into a partnership and subsequently a formal commercial agreement) has helped PO3 lift about 8% to around $1.50. Still bouncing along the bottom for the 12 months, though.
 
The securities of the following entities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 01 October 2021, following their failure to lodge the relevant periodic report by the due date.

PURIFLOH LIMITED (PO3)
 

and , only a month late

The suspension of trading in the securities of Purifloh Limited will be lifted from the commencement of trading on Monday, 1 November 2021 following lodgement of its annual report for the period ended 30 June 2021.
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