Ann: Chairman's Address to Shareholders 2015, page-5

good post inchiquin and article find.
yes this is an interesting company with enormous potential. Comparing to SHV, the rain in USA helped their Macfarms hawaiian farms with the record crop coming in 2016. Seems that CEO states that cost cutting initiatives are working and profitability improving. Lots of new products on the market and they will make a diference.

Also I have found some nearly price sensitive information about macadamia sales on their Agrimac division website, apparently Macfarms NIS and Macabella products are selling better than expected, read first page.

http://agrimac.com.au/wp-content/uploads/2015/12/2016-NIS-Letter-and-Offer.pdf

Also ginger drinks now ranged in Costco! really good info and apparently this product is a crowd pleaser....
http://agrimac.com.au/buderim-ginger-beer-pear-now-in-costco/

also this is a nice view of the hawaiian farms, it is a massive beast!
https://www.google.pl/maps/@19.145632,-155.8509737,713m/data=!3m1!1e3

Am I worried about the debt? no, their products are such a hot stuff that as you said, anyone will sign up for more shares including me. will be interesting to see OCF in H1 and sales growth but I am positive. I have a good feel deep in my stomach about it.