All’s fine on the Photon website
It looks like the person who updates Photon Group’s website may have been among the redundancies as the company continues its month-long holiday from the ASX.
Despite going into a trading halt on June 7, the home page of the Photon Group website still lists the share price of $1.02, warning of a “20 minute delay”. (The company is believed to be attempting a recapitalisation with a raising at around 25c a share).
The Photon home page also boasts of its five divisions business model, despite ditching that about a week ago.
And the ASX announcements section hasn’t been updated since February, meaning there’s no mention of the trading halt, ASX suspension or painful market update that have followed in recent weeks.
Indeed, the casual observer who glances at the Photon Group site would be mightily impressed with how well everything is going.
For a long time, Photon’s website has not even updated change of address for several of their 50 companies. Perhaps that’s a deliberate ploy to fend off the process servers.
I know of one their companies where their courier company refused to pick up until bills were settled. And then, as other suppliers made the same demands, the ofice became literally disfunctional. A long-time employee who was trying to run the show gave up and quit.
User ID not verified.