At least Ted seems to have put more money into PPY than he has...

At least Ted seems to have put more money into PPY than he has taken out. Ramy remains the largest shareholder and he and his mates still control the company. Ramy has taken out far more cash than he has ever invested. He kept drawing $300k per year while never performing. This is the problem with a tightly held company when the board is not in control.

Somebody has to keep topping up the kitty as it seems clear sales of product or technology have never brought in any more than petty cash...despite a lot of unfulfilled promises. If anyone wants to show faith by investing more cash it should be the directors.

The basic PPY story was so good it sucked most of us in. Despite a dismal track record there still seem to be more banana suckers out there who will throw money at it....as we saw in the last capital raising.

The share price says it all and every time there is another desperate capital raising around 5 cents any remaining true believers get diluted out even further.

In the absence of any other news we will await the next qtrly report with interest.