The concept of turning agricultural waste (banana trunks) into...

The concept of turning agricultural waste (banana trunks) into something of value is commendable, and the recognition of the fibre within the banana trunk is also a great step, and Ramy should be recognised and congratulated for the original idea.

In my opinion, however, the Board, has been hijacked by Ramy into believing that he ALONE has the engineering and manufacturing capability to deliver commercial outcomes from his original idea.

This is where the Board has failed miserably. They have not recognised the difference between invention and commercialisation.

It is patently clear that Ramy has NOT been able to delivery commercial results from his original idea. How many years have passed and how many failed JV projects has Ramy been involved with. ??? To many to count.
Paper, veneer, pallets, egg cartons, fruit trays, fibre substitutions , …...
The success of the Egypt project has yet to be proven. Don't hold your breath , folks.

Is it because the idea was fundamentally flawed due to the extremely high moisture content of the fibre and veneer, meaning that the REAL technical barrier was not the ability to veneer the banana trunk (where the IP resides) , but the ability to economically dry the veneer at commercial rates ???? …… and/or ... is it because the Board gambled the entire future of the company based on their belief that Ramy could commercialise the technology into a viable operation, despite having no experience in manufacturing. ???? …. and/or …is it that every single JV or "agreement" that PPY have entered into (with partners that could have brought much needed expertise) have ended in tears, because of Ramy's "unique" manner, and qualities. (enough said)
I would suggest it is a combination of all three reasons.

I understand the idea of PPY "true believers" … which I suspect is based more in the belief of the concept … not in the belief that the current board can actually achieve anything.

It is a tragedy that the board (whose numbers have substantially dwindled) could not recognise, nor take advice, nor could make the necessary tough decisions

Shame, really, because the original idea is a good one but it takes a REAL entrepreneur to commercialise it.

I guess time, will tell, but the last 25 years of PPY, has certainly spoken volumes !!!
Enough said.
Cheers.