PAVY SAYS:
"...... I find it equally objectionable when the disruption and the unnecessary costs stem from some of the supposedly more informed and more well meaning shareholders ......"
An interesting comment and you are entitled to your opinion. If you were present when the CEO walked out on shareholders at the GM in 2013 and if you are still waiting for the last couple of annual reports as well as your share of PPN's profits, you would know that shareholders are NOT the biggest problem at PPN.
Read Ben Butler's Margin-Call column in "The Australian" dated 6 May 2015.
http://www.theaustralian.com.au/business/margin-call
Ben Butler says:
" ........ In a 69 page affidavit, an ASIC delegate told the court that PPN had "acted without regard to the rights, entitlements or interests of its shareholders" especially in relation to a $2.7 m loan advanced to Trimble ....."
PAVY SAYS: "...... I find it equally objectionable when the...
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