Nothing really new here except cash at 30 June of $366k and spend of over $200k per qtr.
MD seems to be spending more time in Egypt which could be an indication of where PPY is heading.
Brims factory in Brisbane finished...had forgotten about that.
Next Newsletter in August...just before the next qtrly finances. This in now a standard pattern....ie good news stories before the finance/cash gloom.
PPY now looks like the walking dead ...slowing down as the cash runs out.
August/Sept MUST make a statement about going concern/cash or some form of capital raising.
If capital raising via the ASX is exhausted and no cash to pay ASX listing/compliance I would not be at all surprised if the company goes into administration or delists.
Ann: Appendix 4C - quarterly , page-2
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