Ann: Response to ASX Query, page-37

Agree 100% of nothing adding up.

150M can only be fanciful, just maybe the Kava has clouded their ability of rationale. They may not necessarily draw down the total amount but there will be considerable costs to have the balance or part thereof awaiting use. No way would the 5 farms ebit be able to service such amount and also have Fiji costs hanging over its head.

Fiji IF it ever occurs will take time and millions to set up and get to production. One has to remember Diary Farms Fiji Limited and their 1118 hectare dairy farm set up and run by dairy people was sold to Tabara Halal Meats(Fiji Times 13/12/2010) then quoted as having been making losses(Fijivillage 10/1/2011). Where is it now? How can PDF expect to run a profitable enterprise in Fiji when others with the expertise have failed.

Some of the interesting announcements from the company that put doubt in shareholder and investor minds.
1. Market Update 7/4/2016. Has this ever occured.
2. Notice of GM 10/6/2016. Shares to farmers. Have these ever been issued and are the 5 farms still available?
3. Chairmans AGM Address 10/11/2016 Everything is progressing same old thing.