re: Ann: Agreement With Egyptian MDF Panelboa...
Hi Swill76, How was the holiday? I hope you are relaxed and refreshed. Can't make head nor tail of this business and the announcements just seem to be around trying to convince themselves (PPY) more than anyone else that they are wonderful and have something the world is clambering to get its hands on. Unfortunately, investors need to see cash flowing in the right direction more than they need hype especially when this business is burning cash faster than the Greeks can rack up debt!! Okay, I exagerate!
Anyway, with respect to who is buying and selling I don't think it matters much. By all accounts they (PPY) are virtually gone. Didn't have to end like this as one of the biggest shareholders could have been selling his shares to help put funds into his idea. Instead, it looks like he will be left with a big pile of scrip worth nothing. But you can bet your recycled mocassins that he has set himself up nicely thank you very much.
Love to be at the AGM this year but "unfortunately" I will be winging it to Central America. Maybe a HC poster will attend the AGM and let us know the outcome.
PPY Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
