On the 20th Dec ASIC released a 64 page report on conflicted...

On the 20th Dec ASIC released a 64 page report on conflicted brokers who raise capital, many without proper disclosure on share issuance and the like to ordinary shareholders of companies.

Maybe they can start, straight away, with the announcement the PDF put out on the 17th December that was co signed by BlueMount Capital.

While the contents of the announcement don't appear to stand upto 5 minutes of due diligence, suggesting New Zealand Dairy Products formed as a private company just one year ago and may not be producing any products at present and the lucrative patents, appear to be just one pending patent for mixing sheeps milk with goats milk, which has been done for 100 years, so any patent may not be approved, the disturbing thing missing from the announcement is disclosure from BlueMount that it is also raising capital for New Zealand Dairy Products according to that companies website.

So BlueMount Capital appear conflicted in raising money for PDF and at the same time NZDP but as the announcement was co signed by its general counsel and a director of the company there must be some material substance to the transaction that's deeper than a google search shows.

Still Bluemont did not disclose in the announcement a possible conflict of interest, as the NZDP website states than anyone interested in investing in its company directly contact Bluemont Capital and not itself. That alone suggests some signatures from both sides of NZDP and Bluemont Capital have hit paperwork
This potential agreement was not disclosed in the announcement..

If ASIC is giving more than lip service to its latest announcement then a financial services licence could be at risk..

The project that NZDP is now promoting appears to have been offered around over the last 3-4 years without any takers, that is until the board of PDF saw an opportunity.

Hoping all posters, shareholders and readers have a safe, happy and thoughtful Christmas.

DYOR. IMO