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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Comment by gone_fissionon Aug 17, 2017 10:54am
207 Views
Post# 26591687

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2nd quarter earnings

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2nd quarter earningsHmmm, lots of positive takeaways from this but enough of a negative to cause a significant dip. It's ok, take advantage of the dip to reload and it'll be back up in no time. 

A couple things (actually, the same thing said twice) caught my eye re: the change of leadership and the re-absorption of R&D back into Photon Inc. Let me paste them in here. 

Finalized the business combination with the former Photon Control R&D Ltd. ("Photon R&D") business
 
Operating expenses of $4.3 million and $9.0 million for the three and six months ended June 30, 2017 include significant one time charges of $1.8 million and $4.2 million, primarily from three distinct activities:

Corporate Changes related to changes to the Board of Directors, CEO and the leadership team, including certain litigation costs, totaled $0.8 million for the quarter and $2.8 million year-to-date. Charges related to the acquisition of certain assets of Photon R&D and settlement of all disputes with the former Photon R&D and its principals totaled $0.6 million for the quarter, and $1.0 million year-to-date.


So I read it as a portion of those costs are a settlement with Dueck, the Weston's and Michael Goldstein. Now, I will not be able to make the Conference Call and I'm wondering if there is someone here who can ask if that means that Photon is 100% free and clear of any costs, ongoing or future involving those four and R&D. I guess I just need to hear that we are truly done with that chapter  in every way. 

GTLA


 

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