PPY 9.09% 1.0¢ papyrus australia limited

I have not seen any recent information on the top 20 ...have you...

  1. 102 Posts.
    I have not seen any recent information on the top 20 ...have you Swill?

    The Chair and MD both bought into the last capital raising at 12c but none of the other directors did.

    In recent months there has been a lot more selling pressure than buying which is why the sp has slowly sunk.

    If the brokers were supporting the stock at issue price of 20cents or even the recent capital raising at 12 cents that support seems weak now. Someone is buying the discounted shares but difficult to know who at this stage. It seems highly speculative.

    Lots of other tech companies have met milestones including sales but they struggle in the current sharemarket.

    PPY has not performed as a company and has been duly punished by the market.
 
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