Prelim Final Report issued on 31/8/2016 under Principal Activities states " the Company has focused on Capital Raising and establishing an initial dairy hub of 2 dairy farms, growing to 5 farms by the end of 2016". We are nearing 6 months into 2017 and there is no announcements as to this ever occurring. Suspended that value their shareholders issue all required reports on time and engage with their shareholders with updates.
On 27/4/2016 Market Update Over subscribed loan notes and the funds would be used to commence the purchase of the five farms.
EGM to be held to gain shareholder approval to purchase first and second dairy farms and approval for any subsequent acquisitions.
Approvals were given what if anything has been done to purchase any of the five farms?
What was done with the money raised from the Loan Notes?
Are the five farms still on the table and available?
Are all five farms intact or have there been changes?
How much has been spent on Fiji?
We keep hearing the same spiel from the board but nothing ever eventuates perhaps the state of the Agline and its directors is having a negative effect on the company getting the funding that is needed?
IMO DYOR
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
