re: Ann: Preliminary Final Report & Audited F... Profit is ok,...

re: Ann: Preliminary Final Report & Audited F... Profit is ok, but current assets to current liabilities is ugly, cash position is ugly too. They will need either a further loan or a capital raising.

They have almost no cash and creditors higher than debtors...

I imagine PBP will be fine in a year's time, but something needs to be done right now and I don't know what it will be.

I am selling today. Profit is ok, but I have a better opportunity in BAO, I believe. I have held and watched both BAO and PBP for years (2 or more). BAO is finally likely to realise their 50% discount to NTA (is was 65% or more a week ago). So today I'm building a decent holding in BAO.

Good luck.