re: Ann: Papyrus Signs Memorandum of Understa... The company who...

re: Ann: Papyrus Signs Memorandum of Understa... The company who is making the fibre products in Martinique (the Hayot group) came to have a look at PPY's equipment in 2009. The Hayot group was going to invest 2 million dollars into PPY and came over to do due diligence. PPY couldn't get it's act together. This was just after the Beta machine was installed at Walkamin. There were some teething problems with the machine and PPY decided to lock the beta machine away for 2 months so they could have a fight about who was responsible for the problems. While they were fighting over the 400k, PPY lost the Hayot deal and the WWF company as well. The end result was they lost 2 million, created a competitor, lost WWF but eventually gained 400K - makes sense doesn't it?!!. Hayot went away and built his own factory. He had it up and running in one and a half years! If PPY had it's act together, I am sure it could have done the same.