The 18.8 million loan owing to ppk was converted (paid back) to ppk by issuing 18.8 million ppkme shares.Thats a dollar a share.Given they couldn't sell ppkme on market and did a deal to include shareholders for something much less than a dollar,....... This "arms length" deal indicates that PPK has been swindled..Forget about ESG and sustainability..What is not sustainable is parent company lending money to subsidiary and then being "forgiven" on the loan at the expense of the parent company. That is not a sustainable business model for either parent or subsidiary company..
Don't even mention the new 2 million unsecured loan..Blind Freddy can see this is bad business..
What say the PPK cheerleaders?
PPKME, page-60
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PPK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
38.0¢ |
Change
-0.030(7.32%) |
Mkt cap ! $34.50M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 38.0¢ | $14.59K | 37.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2922 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 815 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PPK (ASX) Chart |