Metoo. I do recall reading your original post in 2015 and then...

Metoo. I do recall reading your original post in 2015 and then checking with the ASIC listing. Good work.

So we have a chairman of a public company who seeks funds from Morgan, a convicted fraudster, followed by Landau and Podaridis and on each occasion has announced expectation of funding while likely providing them a fee income stream from the shareholders of the company. After ASIC found out about the contact with Morgan I believe he was invited to a please explain meeting and afterwards his next step was Landau, not the ANZ, CBA, NAB or WBC.

Thats right the ANZ had placed a receiver manager into two of the chairmans companies, Agline Pastorial which he had subsuquently vested/sold into ANP (now PDF) and Swann water. We now hear that creditors of one of his other connections, Interfert/Megafert has requested mention in the banking royal commission after its $139 million debt went bad.

So shareholders of PDF find themselves with a chairman who has gone from ANZ to chinese investors to convicted fraudster Morgan to any investor outside Australia. The $150 million overseas bond, the latest announcement, has failed to materialise despite being announced last year..

Where do we go from here.
If we leave the future upto the current chairman then I wouldn`t be surprised to see an announcement that after being rejected by the world he has been able to fund his directors grand plan by cutting a deal with the population of Mars and all we have to do is wait on Virgin Galactics spacecraft so he can go and get the funds..

Who/What is the problem here?? Its pretty obvious to plenty of the companies shareholders...

Contact [email protected] if you are a shareholder and want further information

IMO DYOR