See last page of this "report" from beginning March 2018..
"Ramy Azer advises that ..... we are about 95% compliant with getting the title of the land"
No news/update/information/clarification from PPY as yet ... typical. !
Anyway, who is the "we" he refers to. ?
Not PPY ... or the joint venture (Papyrus Egypt)...... but PPY's JV partner, Egypt Banana Fibre Company (EBFC).
Hope he remembers he's actually the MD of PPY.
Question; So why is this "land title" to be gained by EBFC of any significance. ?
Answer; " ... to enable the company (EBFC) to arrange financial instruments in the future should the need arise.".
Question; why is this of significance to PPY and it's long suffering shareholders. ?
Answer; NIL
Maybe RA should remember a few basic facts about responsibilities to his PPY shareholders/investors ... and the need for continuous, and honest, disclosure
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- Ann: Papyrus Egypt Business Project Update - 6 March 2018
Ann: Papyrus Egypt Business Project Update - 6 March 2018, page-18
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