Ann: Papyrus Egypt Business Project Update - 6 March 2018, page-18

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