NQR to say the least nothing clear nor disclosed from this BOD. And as per Catalogues post some shareholders are treated differently than others.
Looking back on the Notice of AGM 10/11/2016 mention was made to leasing of two cropping farms, has this ever been done as there is no revenue other than money coming in the door for the issuing of shares at a pittance again only if you are a related party.
On the 13th July 2016 shareholders approved the purchase of Logie Brae Road, Finley and Henderson Road, Strathmerton. No other properties nor Fiji have been approved by shareholders or once again is the attitude that they do not need approval from genuine shareholders as their related parties are their only concern.
Strange that you fork out near on $300K yet do not have ownership of what you purchased nor have an increase in numbers over a 2 year period nor income. Let hope they are not barren or infertile. The R2 heifers that were purchased should be coming up to their 2nd calf in the very near future. Are these cattle from either of the farms that has been approved by shareholders?
IMO DYOR
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held