Resolution 2 of the upcoming AGM is the re election of Mr Paul...

Resolution 2 of the upcoming AGM is the re election of Mr Paul Duckett

In the interest of awareness here is what the annual report profile doesn`t tell you about Mr Duckett.
Of the companies in which Mr Duckett has previously been a Director of the following outcomes have eventuated.

1/Agline Pastorial Pty Ltd as we know this was the previous major asset of what now is PDF, Mr Duckett and Mr Taylor provided their wonderfull private asset in a RTO into what was back then MPD,then AYB then PDF on 03/10/2012.
On 11/06/2014 the ANZ appointed Korda Mentha as receiver/manager of Agline.

2/ Australian Bio Fert Pty Ltd- currently registered.

3/ Champion Prime Meats Pty Ltd- Deregistered after a court winding up order on 11/7/2016

4/ Interfert Fertilisers Pty Ltd- currently registered. Recently mentioned in the Royal banking commission along with the $139 million debt owed by Megafert Fertilisers

5/Interfert 2010 Pty Ltd- Deregistered 08/07/2018

6/ Novaquis Pty Ltd- Voluntary deregistered.

7/ Soil Management systems Pty Ltd- Currently registered.

8/ AYB Properties Pty Ltd- currently registered.

9/ Swann Water Management Pty Ltd. Receiver manager appointed by the ANZ bank 11/06/2014

10/ Pacific Dairies Ltd---make up your own mind........

Of the companies Mr Duckett has held Shares in with Mr Taylor as the director

1/ ACN 104 093 423 Administrator appointed 04/07/2013 under section 436a, 436b, 436c, 436e(4), 449b, 449c(1), 449c(4) , 449(6), 505u

2/ Swann Foods Pty Ltd- Voluntary deregistered 23/07/2009

3/ Swannpham Pty Ltd- Voluntary deregistered 10/03/2009

4/ Cooee cuisine Pty Ltd- currently registered.

Mr Duckett invested in Victus Vita Pty Ltd which had a liquidator appointed 17/08/2012

Meridian fertilisers Pty Ltd is currently registered.

May I suggest that with the record above it would be hard to raise capital from traditional sources such as banks. Any broker interested in providing debt/equity s going to request a huge risk premium which will be financial detrimental to the company and beneficial to the broker.

If you tick the `FOR` box on resolution 2 of your proxy form and retain Mr Duckett as chairman then its quite easy to find the problem to this companies woes. Just get up and look in the mirror..........because a leopard doesn`t change its spots and the clock is ticking on this company being delisted from the ASX. Being delisted is a certainty without change at the top..

IMO DYOR