I was not at the last meeting so the comments of those who were there are helpful.
Was only Ramy answering questions....where were the other directors?
If Ramy is saying PPY will always need to raise capital and the board are supporting these statements it suggests that nobody seriously expects revenue from sales or licences.
The next qtrly report is due out later this week and it will be critical in terms of cash flow and going concern statements.
Any Capital Raising at the current prices would be desperate without any prospect that the funds would once again disappear without trace.
Unless another cash/investment rabbit is pulled out of the hat very soon (eg Egypt) does anyone see how the business keeps operating.
The big questions remain unanswered after all of this time:
1. Does the technology actually work commercially? 2. Is their a market for the products? 3. Is the current board and management capable of salvaging the potential this company once had?
PPY Price at posting:
8.0¢ Sentiment: None Disclosure: Held
