By Steve Moore | Tuesday 18 July 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on customer engagement software company Pelatro (PTRO), last month with the shares at 8p I noted concern added to by a swing to even adjusted operating loss and the balance sheet. Now a “trading update” announcement commencing that “Pelatro announces that it has recently been informed by a key customer, owing $550K, that it will no longer meet a previously agreed payment deadline of July…”. Uh oh!
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