Ann: Half Yearly Report and Accounts, page-12

Hello Observer,
My research tells me that the current board will never get past the post first and will sink this companies shareholders if shareholders continue to believe that any sane insto would lend this current board money.

I am advised by someone close to this situation that the company was offered the funds to fully satisfy its proposal on the condition that the Chairman resigned from the board. This condition was solely due to the current Chairmans previous financial business history. PDF/AYB has on many occasions stated publicly and privately that it had the funds to proceed with the farm purchases which confirms this information.

So shareholders of this company which include myself have lost the value of the proposal they believed in with their cold hard cash due to what looks like a chairman who has placed himself to advantage to the tune of at least $150,000 per year to hold the Chairmans position while he make promises of finding funding in the full knowledge that he is the problem. Instead of the Chairman standing down and accepting the funds the company tapped the market for more money to keep it afloat and immediately went into suspension..To be frank the current Chairman either doesn`t give any respect to any other shareholder and their investment or he is deluded in his own ability. I think after 2 years of suspension the above scenario has been answered. Three years later and the money is still in sight!! Yeh right.

I have seen boards like the PDF board before and I know apathy was never going to get my investment back no matter what the company representatives say to your face or in their written announcements. This current board vested its private company into what now is PDF and that private company still went into administration within 18 months even though it had the power of a public companies backing to pays its bills!!! That company Agline was this public companies major asset so that original prospectus made very interesting reading which has been passed onto ASIC and the ASX for actioning. I know that ASIC are underfunded and take their time so maybe its time that all shareholders of this company got a voice before it is delisted. There are many shareholders who are demanding change and many more who don`t know the real picture, yet. Personally I don`t like being lied to and this company ain`t dead yet.