Ann: M&A and ASX Listing Plan - 2019, page-6

WHY do the companies and people that Pacific Dairies deal with change their names?

On page 3 of the Annual Report issued on 20/9/2016 reference was made to a binding heads of agreement signed in July 2016 with one Asia Pacific Logistics, then now in this latest announcement Listing Plan 2019 they are now doing Fiji with Anthony's Dairies Pte.Ltd same people different company names.

Then for Capital raising we had Morgan, then ICBC Capital previously Komoda Capital.  The company terminated its Mandate with ICBC in an announcement on 7/4/2016, now there is Pramana Capital who are raising funds and have provided a $500K promisory note for 6 months at an interest rate charged by lenders of last resort.  All trace back to one person who is owed considerable funds by the company and has received a large number of shares.  All revealed in the last Annual Report.

This latest announcement by the company has more holes in it than a slice of swiss cheese, people dealing with this company and their associates need to be extremely careful as to ramifications that could occur once shareholder action goes through the court process.

IMO  DYOR