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Purpose

134 Posts.

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30/08/18

17:29

Post #: 35303357
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Originally posted by Purpose ↑

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

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Just a quick thanks to Hotcopper and the mods for allowing my previous post about Mr Paul Duckett to still be viewed by investors and the general public.

My posts are provided on a basis of education and fact gathering which is cross checked for accuracy before posting.

PDF Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Just a quick thanks to Hotcopper and the mods for allowing my...

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