PPY 0.00% 1.0¢ papyrus australia limited

Ann: Chairman's Address to Shareholders, page-10

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  1. 310 Posts.
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    Hello Captain

    There seems to be just you and me left here!!

    Repeat from November

    "26 November:

    "The Managing Director has recently completed the installation of all plant, machinery and equipment at the Sohag factory. The only remaining activity is to commission the Banana Veneering Unit which is installed in the factory and ready for commissioning.
    "Papyrus Egypt will be given the use of the machinery for commercial production immediately after finalization of the financing arrangements which remain under negotiation with the National Bank of Egypt and which is dependent on commissioning the BVU."

    ONLY commissioning, and then financing- how long does commissioning take?? - where is the commissioning a month later????"
    My monthly "nothing happening updates" have grown more infrequent as really nothing is happening. .
    In the latest Quarterly there is just $5000 left in the kitty. NOTHING has happened in 6 months since. Can't be much longer now...... Who would buy this at 1c to prop up a $2m market cap. I can guess who?
 
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