See announcement today regarding PPN's suspension from trading...

  1. 318 Posts.
    See announcement today regarding PPN's suspension from trading for failing to lodge full year statements in accordance with listing rules.

    I look forward to hearing the reasons.

    The preliminary accounts released on 31 Aug 2011 indicated that $323,945 spent on legal and consultancy in 2010/11 compared to $62,204 in 2009/10. As PPN was awarded costs following the failed police case at the supreme court, there would have to be an adjustment either in 2010/11 or more likely 2011/12.

    An announcement about the status of the reimbursement of legal costs and insurance claim for loss of income would be much appreciated. I would have thought that these were notifiable events.



 
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