Just trying to see where this post lands. Using new Hc on iphone

First 6 Last

Share
Profile

Follow
MeToo

3,857 Posts.

79

30/12/18

19:42

Post #: 36985744
Share

Originally posted by Dixie Chick: ↑

Interesting reading this Notice to Shareholders and News Release 17/12/2018 Strategy to Create Regional Integrated Dairy Group.

Firstly the News Release:

Fiji has been an ongoing fantasy since July 2016, with a company that was delisted with ASIC on 30/8/2017 and is not a registered company in Fiji. Things have well and truly changed and are now looking at the raising of $5M to secure leases of dairy farm land.
Then add the political volatility, continued disease outbreaks, and the dissent of native Fijian dairy farmers with the government. How can PDF expect to be the saviour of the Fijian Dairy Industry and produce value for long suffering shareholders when they do not have experience in the industry let alone a foreign country.

NZ Dairy Products:

A newly registered company in NZ. PDF is to give a direct cash investment and share swap to a company that has been trying to get traction for many years.
The Shegoa powdered milk "patent pending" is quite old and still not granted. There is already a company in NZ producing sheep/goat powdered milk.

BlueMount Capital:

Surely there are conflict of interest issues. They are acting for both Pacific Dairies Limited and NZ Dairy Products(as per their video on their site).

Then it is stated that "Initial studies indicate that this venture once completed, has the potential to significantly exceed profitability of similar ventures in Australia and New Zealand". This state and the whole of the News Release if total froth and bubble that holds no credence nor economic value to the shareholders of Pacific Dairies Limited.

Then this notice goes on to say "Remain focused on financing Australian Farms, Fiji project and potential Australian exports".

The BOD have been trying funding and or finance to no avail for nearly 3 years, shareholders need to question WHY nothing has ever eventuated.

The Fiji project has been procrastinated about for 2 1/2 years.

How many advisors, capital raisers and lawyers has this company had on the gravy train since 2012 when Agline became Australian Natural Proteins and now Pacific Dairies?

The company since 2012 has had a history of high debt with little income to service its debt(all Annual Reports clearly show this), which it has been unable to handle and turn into profitability for the benefit of its shareholders.

If you care about the investment that you have made into this company the time has come for out with the old and give a new BOD the chance to achieve some value of your investment

IMO DYOR
Everything stated in this post is freely available information if you are will to take the time and do your research.

Expand

Just trying to see where this post lands. Using new Hc on iphone

PDF Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 47, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 12 more messages in this thread...

First 6 Last

Add PDF (ASX) to my watchlist

Just trying to see where this post lands. Using new Hc on iphone

Top Stories

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment

Featured News