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

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09/02/19

20:47

Post #: 37387460
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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

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

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