BFC 0.00% 0.3¢ beston global food company limited

Ann: Proposed Merger of Beston Technologies with DataDot, page-21

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  1. 63 Posts.
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    Interesting that shareholders of DDT have called for and been given a General Meeting that would remove the current directors and move away from the merger with BT -https://www.asx.com.au/asxpdf/20180309/pdf/43s9xvk7lymjmw.pdf

    The BT and DDT merger makes no sense apart from lining the pockets of Sexton. I think you'll see more of this as the company fails to deliver on its financials. They have completely stuffed up their overseas businesses - what happened to the deal with TMT Trading Company Limited, Vietnam Beef Business Company Limited (stated that it targets a minimum of $10m sales in the first year), MM Mega Market, Hondo ($22m growing to $90m), the proposal from the Korean company etc. Who is held to account for these deals being announced but never eventuating. Surely it's misleading.

    I can understand why shareholders of DDT would be wary of BT as well as far from happy with their own directors.
 
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