Ann: Transformational restructure of Scorpio Meat business, page-6

More spin before a bad half year result announcement??
BPAM found Scorpio and BFC invested initially via a Convertible Note. Convert to equity must have been a last resort.
BFC investments,
- Paris Creek (PC) CNote redeemed. PC then sold to LON for a big sum
- Water - results are ?? Can we see Sales, Margins and free cash
- Technology - as for water.
- Fish - as for water. BFC is an equity holder. CNote was converted. Does BFC earn anything from this investment?
- Dairy - has milk supply been secured to 130m litres? No milk, no product. Milk at higher cost will mean lower margin/s (or no margin). Mozzarella production commissioned?

Critical factor is CASH. How much is left?? Are BFC operations generating free cash today and in next 6 months?? Free cash means Revenues exceed Expenses please tell Management and Board.

Looks like 2017/18 half year result will be terrible and full year??