Phumelela – Cautionary Continues
SPORTING POST / 15 JANUARY 2020 - 12.11 / STAFF REPORTER
Phumelela have renewed their notice that the Company remains under cautionary as engagements with the MEC and the Gauteng Gambling Board are still in progress.
Furthermore, the Company is still considering capital raising initiatives with B-BBEE equity ownership high on the agenda.
Should these initiatives be successfully concluded these may have a material effect on the Company’s securities.
Shareholders are advised to continue to exercise caution when dealing in the Company‘s securities.
The company’s delayed announcement of their annual results at the end of November painted a picture of its worst year since the business was first incorporated in 1997.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER