PPY
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0.00% 1.0¢ papyrus australia limited

I wonder what the $9K/month for "administration and corporate...

  1. Captain Allcock
    159 Posts.
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    21/01/19
    16:59
    Post #: 37177899
    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.
    PPY Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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