It should be of interest to all shareholders that Messrs.Duckett,Taylor and Egan are all to stand for reelection at the spill meeting. An important question to be asked of these people is WHY have they not issued any September Quarter financials, they apparently want to be reelected yet will not impart company details to shareholders.
The AR of 30/6/2018 states Trade and other payables $531,928 and Cash and cash equivalents of $35,205, since 1/7/2018 there have been employee expenses, CFO expense, Chairman's expense, Director Fees, Auditors and running expenses.
A $500,000 promissory note is supposedly in place, has this ever seen the light of day, if so the figures show it can still not cover the expenses and debts of the company therefore it must be encounting solvency issues.
How much of the trade and other payables is delinquent debt and have any of those creditors instigated debt recovery. Does not appear to be funds for farm deposits let alone any funding forthcoming for purchase of those farms.
If the current BOD want's support from the genuine shareholders they need to come clean with what has and is the true state of the company.
IMO DYOR
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