PDF 0.00% 0.0¢ pacific dairies limited

Oppressive Behaviour under the Corporations Act. A good read for...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 322 Posts.
    lightbulb Created with Sketch. 10
    Oppressive Behaviour under the Corporations Act.

    A good read for shareholders of this company. Three points that stand out are as follows:

    1. Runs the Company in their own interests. Very pertinent here as all Directors are related parties and
    hold shares and or directorships in each others private companies.

    2. Improperly issue shares to themselves to out vote other shareholders. Whom of existing shareholders
    were given the opportunity to get shares at .01c, going through the lists of those recipients only
    directors, associates and friendlies.

    3. Redirects business opportunities from the company to themselves. Why are they paying fertiliser bills
    we do not own nor operate farms, if this is not the case where have the announcements disappeared to.

    4. Pay's themselves excessive salaries. The directors should not be being paid anything as they have not
    delivered anything for the company for over 2 years except suspension from ASX.

    IMO DYOR
 
watchlist Created with Sketch. Add PDF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.