vcat decision ro take away liquor licence, page-8

PPN's King St property is a heritage listed farm produce building from the 1800s so there are all sorts of building regulations. Nevertheless it does have the potential to bring in substantial rental income without all the hassles of running a business.

Combined with rental income from the Horne St property and the saving of half a million dollars a year upon the sacking of the CEO, PPN has the potential to still make good profits for shareholders.

The reality is that the CEO is also the majority shareholder and is unlikely to blame himself for PPN's problems, vote himself a pay cut or sack himself.