Age Article

Well, that is certainly an eye-opener from Ben Butler. He all but says that Trimble was in cahoots with Constantine from the outset in scheming up that offer to buy PPN shares at 10c. Butler takes pains to say that this is NOT what he is saying, but I can't see any other way of reading it. He says Constantine was on leave and Trimble was not returning calls when the story broke, and no wonder. ASIC jumped on this one with good and timely action, but it doesn't go far enough. I hope PPN is still being scrutinized by people who know what they are looking at. For starters, if those shares are supposed to be worth 10c, then Trimble's 26m shares are worth $2.6m. As he owes PPN $3.6m, he needs to surrender his shares for cancellation, cough up another $1m, which would help PPN pay off more of its bank debt, and then he should just fade away and go back to running his brothel. That would be his "get-out-of-jail" free card, in my view.