This newsletter describes the morphing of PPY into yet another series of projects and relationships as if the earlier ones do not or did not exist.
Anyone going to the AGM this year?
The other announcement of $100,000 received from Egypt was underwhelming and the terms of the remaining progess payments also are of concern given the track record. PPY is trying to build more manufacturing equipment on minimal progress payments so where is the working capital coming from.
It seems that the high value veneer will never happen and PPY is now moving into low value fibre.
Ann: Papyrus Newsletter October 2011 , page-3
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