Quite understandable why this company has been in suspension for well over 2 1/2 years.
Unable to secure funds due to the current BOD, on the radar of ASX and ASIC and a blatant act of non disclosure to the market and shareholders.
Revisiting the notice of General Meeting of 10/6/2016 the number of holes in this notice are not in the best interest of shareholders unless you are a related party.
Pages 18 and 19 sought approval for the purchase of Farms 1 and 5, are these two farms still available for PDF to purchase? Of the other 3 how many are still available, it took the company over 18 months to inform the market that one had been purchased by someone else, now another has been sold as well. Plenty being withheld from shareholders on factual information on what they are doing.
On page 20 it also states that no person or any of their associates expected to have a relevant interest in 20% or more of the issued voting shares of the company after completion of the proposed transaction and the allotment of securities contemplated by the resolutions. Perhaps the shareholder group can give an assessment of the actual holdings of related parties would expect it to be way north of 20%.
IMO DYOR
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