SPILL Meeting, Is it the shareholders last hope?, page-9

The sad truth is that the current board IS the problem. They continue to fail time after time.

Not because they publish financial reports one year late or give the finger to proper corporate governance or even that they don`t give a s... about shareholders. Or even that they can`t run a dairy company as they have no experience to do so.

The real base reason why all and any value is now lost in this company is because of two reasons.

1/ No one, and I mean no decent provider of funds is willing to trust their money with the current board. The board is the problem. Do a search on Credit watch or Dun and Bradstreet and you will see why. How do you get born on 4 different dates in 2 states MR ........

The board are NEVER going to get project finance for farms. 3 of the 5 farm plan are already sold any and the other 2 are up for sale. Wheres the announcement? And our plan is to now buy NIL farms....

2/ You have a board that is STILL costing the company hundreds of thousands of dollars for their own personal pocket for more than 3 years after the point when the company doesn`t even have a business to generate ANY income.. So their greed takes preference to shareholder interest.

What have they discussed at board meetings over the last 3 years?

Hey we don`t have any income. Maybe my $150k per year should be $200K as I am doing such a difficult job? No. Who can we sucker in to fund my salary more like it.

Both points above can`t be argued. Anyone stupid enough to vote them back in deserves to lose 100% of their investment and should really see a professional regarding why they put belief into hollow promises, time after time after time after time after time.

At least some of the companies shareholders have woken up to the impeding disaster and won`t believe anything they will ever say again.

Thats the same position of the finance industry. Promissory note..HAHAHA

The company has just 15 weeks to re list after the spill meeting and the directors elected will have to face the insolvency of the company as well.

the current board just aren`t up to it and don`t deserve the shareholders they have.