Ann: Papyrus Signs Memorandum of Understanding , page-17

re: Ann: Papyrus Signs Memorandum of Understa... With respect novogenesis PPY created its own "intense pressure" to come up with the goods with its barrage of feel good announcements ages ago. In the next few months it really needs to come clean and tell the market if its got the goods or not. Does it matter when they first heard about the Hayot competition? The nuts and bolts of it all is that Hayots have gone into production and PPY have yet to go into production. This, despite all the announcements that PPY are in production. True, the board needs to spend time dealing with the real issue about what is going on in NQ. Which by the look of it all is not much. But PPY is a small company unlike a huge conglomerate where various people can hide behind the lag of the system. Surely the board has visited the Walkemin site and surely they would know precisely the state of the operation. If they haven't/don't then they are potentially in breach of their key duties with respect to corporate governance. It is clear from the AGM that the plant is not capable of real commercial operation. Again it's not an issue of the company having "any hope" its about what it is seriously going to do to get it on track. Previous announcements indicate that PPY appear to have a problem with being "brutally" honest. It would be great if they did this now but can they? The posts on HC arise from the contradictory announcements from PPY. I don't believe that there is much in the way of paranoia from contributors on HC just a few people that want the business to work and use this site to stimulate discussion.