PPY 0.00% 1.3¢ papyrus australia limited

Ann: Annual Report 2018, page-2

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  1. 9 Posts.
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    So no revenue still. No news either. 


    Two interesting statements: 


    First in Review of Activities:

    "The Company maintains its commercialisation strategy to be atechnology licensing company assisting suitable entities to establish bananaveneering and fibre production factories in locations worldwide where bananasare grown, validated by the successful project in Egypt."


    Second in audit small print:


    "The balance relates to machinery which has been sent toEgypt, where in conjunction with Egypt Banana Fibre Company (EBFC), themachinery is in the process of being commissioned. There have been significantdelays in the commissioning stage with full commissioning not yet achieved at30 June 2018."


    It's been a year of nothing much. Possibly the most spectacularly uninformative annual report in ASX history.... The next report to the  AGM should be a doozy.....

 
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