Beston Global Food Company's performance has been abysmal. Shareholders attending the AGM's are treated well with food and samples but that does not get the runs on the board particularly when the company makes promises that they do not even follow up on nor deliver any further explanations.
Enough excuses from Beston Global Food Company, enough of undelivered promises such as some mentioned below by several shareholders and listed again for the benefit of those at Beston G.F. who might bother to read Hot Copper.
I believe i have an above average patient holding in BFC (held since first listed) but not for much longer! Over two months since promises were made by the CEO, and yet no answers or feed back to shareholders let alone any announcement whatsoever.
They really do need a shake up and a wake up or they might all be working at the milking sheds to pay their way including the CEO.
Unless things dramatically change, and on current form, it is unlikely many shareholders would contribute to any capital raising etc.
So i for one will wait another week for the CEO to respond to the items he himself declared he would follow up. No announcements and I am also out! So tired of all the b.s.
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From poster BB77 on 25/01/2018:
From the CEO at the AGM - "Since our Initial Public Offering in August 2015, we have naturally been concerned with the lack of market coverage on BFC, especially given the changes occurring in the food industry. We have therefore commissioned an Independent research report on our Company from Independent Investment Research Pty Ltd ( IRR ) which we expect to be completed prior to the end of this half year (December) and will be provided to shareholders."
Has anyone seen the report?
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From poster DalyWaters on 28/01/2018:
We also haven't seen the list of outlets that sell Beston products that was promised at the AGM.
Or the discount to buy from the Beston Marketplace that was also promised.
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From poster beachbum99 on 19/01/2018:
Roger sexton must be aware of similar unprofitable stocks ie bubs that are able to create a wave of optimism without results. Why are we faced investing in a company with solid assets and a sound good story but have none of the success that other such businesses are enjoying?
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From poster SonicBlast on 28/01/2018
Doesn’t matter. Institutions will not touch this till BPAM goes.
And if they are now borrowing money for working capital it will only delay the inevitable.
BPAM has to go. Till then people wont find BFC on social media, from it’s loyal shareholders.
Just look at the posts here and the mistakes they are making.
BFC Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
