PPY 0.00% 1.3¢ papyrus australia limited

perplexed

  1. 118 Posts.
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    It is pretty clear that PPY have achieved absolutely nothing over the past few years or so, (even by their own admission) and it does not look as though anything is happening now or about to happen soon.... the silence is deafening. !!
    Also, the so called "demonstration" plant at Walkamin has been mothballed for some time now, and there have been no operational activities for quite a while ...... all eyes are on Egypt to which Ramy is a very regular visitor - funny about that !!
    So, I am perplexed why PPY still require the services of a CEO (in addition to a Managing Director !!) who is being paid the very handsome sum of $900+gst per day (Ref annual report to shareholders, 2012, page 13).
    and, in addition, PPY also need a Business Manager.
    Business manager ???!!!!!! ... what business are they actually conducting ??.

    These sound like wonderful, cushy jobs, & very highly paid for doing absolutely nothing at all, in a company who achieves absolutely nothing at all. Is it jobs for the boys. .. at the expense of the long suffering shareholders ?
    I wonder what's the connection between the CEO and the chairman or Ramy.?

    I wonder what this CEO has actually done over the past few years for his $900/day that is of any value.

    Can anyone help me to understand this.
    This is outrageous, and an insult to the shareholders.
 
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