Ramp away
@wubing . Given you have never posted about AHF until today and your first post was when the AHF price was $0.20 I expect your are in somewhere near this number.
Take advice from people who posted last month and last year, the management team do not have the skills or the people working for them to execute this strategy. The company does not have the money to execute this strategy.
April 2016 - went to the market $6.2 million
July 2016 - amended the terms of issue of Performance Rights for Directors
November 2016 - JV announced - nothing material came out of this announcement
September 2017 - Private placement $5.0 million
October 2017 - Update on strategy focussed on everything but infant formula
October 2017 - AGM APPROVAL OF 10% PLACEMENT FACILITY again (Did it in 2016)
January 2018 - Issue of securities to PETER SKENE under the ADFG incentive plan, Issue of performance options to MICHAEL HACKETT under the ADFG incentive plan, Issue of performance options to ADRIAN ROWLEY under the ADFG incentive plan, Issue of performance options to NATHAN LEMAN under the ADFG incentive plan
and the best one from this AGM was Resolution 1 - advisory approval to advance potential restructure transaction with Trust assets - no details but please give The Board approval to sell the farm (literally)
And to sum up the outcome - we spent $6.2 million over the past 2 years to make losses and gave ourselves a whole bunch of shares.
So ramp away but this one has a real smell about it. Glad to be out today.
