Ann: Full Year Statutory Accounts , page-10

e-news June 2012 ISSUE 6 ....

“I hope to report to you again by mid August 2012 by which time I will be expecting reportable progress in Egypt and with the Yellow Pallet project” - Ted Byrt.


Appendix 4C Commentary - Quarter ending 30 June 2012 ......

“In July 2012 the Managing Director travelled to Egypt and Europe to progress the development of Papyrus Egypt and to advance the business of Yellow Pallet. He was joined by the Chairman in Egypt in late July 2012. The Managing Director will remain in Egypt until mid August. The Company will announce any material developments from Egypt/Europe as required and plans to update shareholders via eNewsletter during August 2012.”




THESE HAS BEEN NO REPORTABLE PROGESS WITH ANYTHING.

CLEARLY, THEY HAVE ACHIEVED ABSOLUTELY NOTHING AND YET ARE CONTINUING TO BURN MONEY ON TRAVEL, RAMY'S SALARY, THE TWO REMAINING CONSULTANTS (and by the way, .... what the hell are these consultants doing, anyway ??)

WHAT THE F#$%& IS GOING ON, PPY ?????