A quick glimpse and two statements stick out like DB on page 5 of this report under Events Subsequent to reporting date paragraph 2.
"The company also assisted with the growing of maize on the targeted Australian Farms". Which farm or farms and how did the company assist when they do not own equipment. Could it be that fertilizer was supplied from Messrs Duckett and Taylors companies which are not owned by nor subsidiaries of PDF but shareholders of PDF.
Page 23. 14 Events after the reporting date paragraph 1.
"At a General Meeting of Shareholders on 13th July 2016, the Company gained approval for the acquisition of two dairy farms located at 137 Hendersons Road, Strathmerton Victoria and 89 Logie Brae Road, Finley NSW". Were the High Indexed cattle purchased from either of these farms, what revenue was gained from these cattle and why has there been no increase in cattle numbers?
Was the maize grown on either of these properties?
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held