Blah, blah, blah, easiest the worst annual report I have ever read. The MD has no idea at all, what was his indepth agri write up for the reason for a poor year, if he is that smart surely he knew the crop was substantially down before they listed(end of December), if he did and still listed, a class action can't be far away? Further take the numbers $63 million, a miss of $15.4m, how can you miss that far listing half way through a year???
The board and management have lost nearly 70% of shareholder value in less than 10 months, and the only thing they have done is raise more capital at the bottom. Pretty sure they will rip through this money aswell, what about making the CFO that looks 18 accountable for running out of cash and needing to raise capital(Jumbo style).
What a pity! Could have been something great, instead it is a hyped up pile of (organic) sheet!! The CEO and CFO should fall on their sword asap, if not the board should remove them, and if not, the board should stop worrying about increasing their fees by 100% and resign asap! Shareholders are getting screwed once gain.
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