There is an article in today's Herald Sun, "Residents fear sex bar plans".
Apparently PPN has applied for a licence to open a 140-patron liquor outlet called the "Horne Bar", which would be open from 9am to midnight. PPN's proposed wine bar would be next door to the Daily Planet brothel in Elsternwick .
The local residents are revolting as they think it is going to be another sex club.
PPN shareholders will be very happy if it makes money. I hope the PPN shareholders get a member discount at the wine bar on presentation of their free Bar20 cards.
An ASX announcement about this would have been nice rather than having to read about it in the media.
PPN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held