PPY 0.00% 1.4¢ papyrus australia limited

Ann: Chairman's Report to Shareholders 2019, page-4

  1. 100 Posts.
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    So according to the Chairman's Report:

    "As announced to the ASX on 11 November 2019 Union Pacific Equities Pty Ltd (“UPE”) has agreed to subscribe for up to 19.9% of the issued shares in the Company, at a price of $0.01 per share. The subscription for the shares will be undertaken in two tranches, the first payment of $60,000 having been received, and the balance of the entitlement being due within 45 days of that date."

    So on that timeline the "balance of up to" of 23 million shares at 1c per share = $230,000 less the $60,000 paid = $170,000, should have been received before the end of January.

    NOT A PEEP from the company about the missed deadline and failure to receive any funds.
 
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