Absolutely this is unforgiveable, I think that John has hit the nail on the head, the co-op is possibly looking after the grower positions at the expense of the shareholders, or even the company. Maybe there are too many grower representatives on the board and they possibly need some new business type blood on the board instead, that is if they can dig themselves out of this hole.
I cannot believe that with so much experience within this group that they have got it so wrong.
This should have been the year for all current shareholders to have been swimming in a great divi, instead we are the ones having the "cotton" pulled over our eyes!!
Mop.
NAM Price at posting:
12.0¢ Sentiment: None Disclosure: Held