PDF 0.00% 0.0¢ pacific dairies limited

Ann: Notice of Annual General Meeting/Proxy Form, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 134 Posts.
    lightbulb Created with Sketch. 42
    Resolution 2 of the upcoming AGM is the re election of Mr Paul Duckett

    In the interest of awareness here is what the annual report profile doesn`t tell you about Mr Duckett.
    Of the companies in which Mr Duckett has previously been a Director of the following outcomes have eventuated.

    1/Agline Pastorial Pty Ltd as we know this was the previous major asset of what now is PDF, Mr Duckett and Mr Taylor provided their wonderfull private asset in a RTO into what was back then MPD,then AYB then PDF on 03/10/2012.
    On 11/06/2014 the ANZ appointed Korda Mentha as receiver/manager of Agline.

    2/ Australian Bio Fert Pty Ltd- currently registered.

    3/ Champion Prime Meats Pty Ltd- Deregistered after a court winding up order on 11/7/2016

    4/ Interfert Fertilisers Pty Ltd- currently registered. Recently mentioned in the Royal banking commission along with the $139 million debt owed by Megafert Fertilisers

    5/Interfert 2010 Pty Ltd- Deregistered 08/07/2018

    6/ Novaquis Pty Ltd- Voluntary deregistered.

    7/ Soil Management systems Pty Ltd- Currently registered.

    8/ AYB Properties Pty Ltd- currently registered.

    9/ Swann Water Management Pty Ltd. Receiver manager appointed by the ANZ bank 11/06/2014

    10/ Pacific Dairies Ltd---make up your own mind........

    Of the companies Mr Duckett has held Shares in with Mr Taylor as the director

    1/ ACN 104 093 423 Administrator appointed 04/07/2013 under section 436a, 436b, 436c, 436e(4), 449b, 449c(1), 449c(4) , 449(6), 505u

    2/ Swann Foods Pty Ltd- Voluntary deregistered 23/07/2009

    3/ Swannpham Pty Ltd- Voluntary deregistered 10/03/2009

    4/ Cooee cuisine Pty Ltd- currently registered.

    Mr Duckett invested in Victus Vita Pty Ltd which had a liquidator appointed 17/08/2012

    Meridian fertilisers Pty Ltd is currently registered.

    May I suggest that with the record above it would be hard to raise capital from traditional sources such as banks. Any broker interested in providing debt/equity s going to request a huge risk premium which will be financial detrimental to the company and beneficial to the broker.

    If you tick the `FOR` box on resolution 2 of your proxy form and retain Mr Duckett as chairman then its quite easy to find the problem to this companies woes. Just get up and look in the mirror..........because a leopard doesn`t change its spots and the clock is ticking on this company being delisted from the ASX. Being delisted is a certainty without change at the top..

    IMO DYOR
 
watchlist Created with Sketch. Add PDF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.