I wonder what the $9K/month for "administration and corporate costs" are actually being spent on. ?
PPY has no staff, no admin offices or workshop/factory/warehouse, there are no sales, there is no income, there are no assets (in Aust), there is no R&D activity or any other operational activity, and board members claim to be taking no payment…………. so why the exorbitant "admin and corporate" costs for an inactive, staff-less company that is not trading … ?
Something is fishy methinks.
Ann: Appendix 4C - quarterly, page-2
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