Ann: M&A and ASX Listing Plan - 2019, page-11

First 11 Last

Share
Profile

Follow
R08

2,702 Posts.

151

09/02/19

20:47

Post #: 37387460
Share

Originally posted by Dixie Chick: ↑

Well said Mauobo

Going over this listing plan and its contents there would be alarm bells for genuine shareholders. The only way for this company to be saved is for a board clean sweep and replacement with non related party directors.

Their high level plans on page 8 (Short Term)
Australian Farms. How on earth can 2 dairy farms ebita support the grand plans of the whole supposed project.

Pacific Dairies Fiji. How are they going to have a guaranteed supply of product when they are an unknown quantity within the dairy industry. Farm Development this is not a one minute wonder. Land has to be purchased(previous announcement was land was to be leased), building of infrastructure, importation of dairy supplies, importation of dairy cattle. The cost and timeframe of this to eventuate is longer than they envisage.

New Zealand Dairy Products. A recently reformed company, that has no land, no infrastructure, only a yet to be approved patent for sheep goat milk blend of which there are many products the same in the market place. The cost of buying their own farm, setting up their own powder plant is of high cost in NZ. Their video on internet shows just how costly this will be to set up.

Then now we have the entrance of BlueMount Capital after many before them over the last 3 years. BlueMount Capital in their Jan/Feb 2019 circular on page 2 have an article "merger brings Global Financial Network to Melbourne''. Publication date is May 5th 2017. Kennedy Needham raising funds for $200Million Dairy Farm Investments, one has to wonder if this is anything to do with Pacific Dairies and if so where are the funds.

Estimated timelines; Of special note is the Jan-Feb 2019 phase Shareholder EGM, it is impossible to hold as there is the 249D to be held, and the regulatory time to be given for a notice of meeting does bring February into the equation.

All the pipe dreams of the BOD putting themselves and the company in the same light as some of the best dairy companies in AU just shows how out of tune they are with reality, shareholders have had to put up with over 6 years of loss after loss, receivership of subsidary, revolving doors of key personnel, directors and advisors all due to the BOD and their related parties.

IMO DYOR

Expand

regardless Dixie....all very quiet now on the front. Where’s the alliance commentary and where is the call to SH meeting on the recent 249D?

Looks like the board is more slippery than anyone expected. AO, I can’t tag you for whatever reason but you are likely reading from time to time - thoughts ?

PDF Price at posting: 2.9¢ Sentiment: None Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 3 more messages in this thread...

First 11 Last

Add PDF (ASX) to my watchlist

Ann: M&A and ASX Listing Plan - 2019, page-11

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Featured News