.... and here's another piece of information from PPY's...

....   and here's another piece of information from PPY's newsletters to shareholders (October 2011) which never eventuated, (the following are PPY's words, issued to shareholders in Oct 2011)...  

"the Banana Veneering Unit (BVU) and Fibre Production Unit (FPU) to be installed in the Papyrus Egypt project are under construction by the Papyrus Australia wholly owned subsidiary AAMC, and an initial non-refundable part deposit of AUD100,000 for the purchase of those machines has been received from our partner in Egypt, the Egyptian Banana Fibre Company. The balance of the deposit, namely AUD400,000 is expected to be received by 30 November 2011 following further capital investment in EBFC by new investors whom we met in Egypt over the past weeks. The balance of the AUD2m payable for the BVU and FPU machines will be received by Papyrus Australia in three tranches of AUD500k each, first, on completion of the machines and before their despatch by ship to Egypt, second, on the issue of an installation and commissioning notice by Papyrus Australia, and finally, 60 days after the successful installation and commissioning of these machines in the Papyrus Egypt factory. "

How much money has actually been received ???? ... I'd suggest  NIL. Go check the books.

Go figure.
Shareholders are being ripped off in my opinion.