PPY 0.00% 1.3¢ papyrus australia limited

Oh dear. !! As at 30/9/2014 they had 35K in the bank, and only...

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  1. 118 Posts.
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    Oh dear. !!

    As at 30/9/2014 they had 35K in the bank, and only $7K available from Ramy's $250K loan, ..... and that's after they managed to sell off another $30k of stock.(to some poor sucker) during the quarter.

    Last quarter they had no sales and burnt $111K (on what ??!!), so according to my calculations PPY will officially run out of money at 4.47 pm on 5/11/2014.

    How can they continue to claim that they "can meet all budgeted expenses". Crap. Porky pie no. 4046.
    They clearly they are not budgeting. !

    I doubt they'll make it to the AGM.
    So long folks. !
 
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