Ann: Sale of Drumborg farm unconditional, page-18

KEY POINTS FOR THIS WEEKS AGM.

• THE BUSINESS HAS LOST MONEY EVERY YEAR FOR 5 YEARS -$21.5
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• THE BUSINESS HAS HAD NEGATIVE CASH FLOWS EVERY YEAR BAR ONE, WITH THE AVERGE NEGATIVE CASH FLOW FOR THE LAST 5 YEARS -$1.5
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• THE BUSINESS HAS RAISED OVER $20M IN JUST 4 YEARS, YET HAS ONLY $5M IN THE BANK.
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• THE BUSINESS HAS SOLD TWO FARMS TO KEEP FUNDING THE CDC FACTORY DESPITE ITS LOSSES.
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• THE BUSINESS ADVISED THAT THE COLLECTIVE WAS AN EXCLUSIVE DEAL,THAT DEAL WAS EXTENDED DUE TO AHF INVESTING IN A NEW PEICE OF EQUIPMENT (POUCH MACHINE) THE DEAL ENDED AND AHF TOOK OVER WITH NO COMPENSATION.
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• AHF SPENT A LARGE SUM OF MONEY ON THE POUCH MACHINE AND HAS LOST ALMOST ALL THE POUCH BUSINESS.
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• THE COLLECTIVE BUSINESS DESPITE ALL THE SPIN ABOUT CDC NEEDING TO MAKE SURE THEY HAD ENOUGH CAPACITY (LAST YEARS AGM) THE COLLECTIVE BUSINESS HAS BEEN A FAILURE WITH ALMOST ALL PRODUCTS LAUNCHED NOW DELETED.
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• THE NEW COLLECTIVE PRODUCTS JUST LAUNCHED ARE FAILURES WITH THE PLANT BASED YOGHURTS BEING SOLD OFF FOR JUST $0.60 PER PACK WITH A NORMAL RETAIL PRICE OF $6.00. THE PROBIOTIC RANGE ALSO IS BEING SOLD OFF AT SUB $2.00 AND IS FAULTY WITH THE FOIL EXPANDING AND THE LIDS POPPING.
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• THE MUCH MOOTED FACTORY IS NOT FINISHED DESPITE MULTIPLE DATES BEING PRESENTED BY AHF.
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• THE AHF BUSINESS LOST ONE OF ITS BIGGEST SELLING PRODUCTS WOOLWORTHS MACRO ORGANIC MILK WHICH MOVED TO A COMPETITOR.
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• AHF TOOK OVER A BUSINESS (JONESY'S) THAT OWED AHF OVER $1.0M, THE JONESY'S BUSINESS HAS LOST MONEY EVER SINCE AND AHF HAVE NOT BEEN ABLE TO GET THE OUTSANDING $1.0M BACK.
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• ALL OF THE ABOVE CAN BE CHECKED VIA ALL THE REPORTS FROM AHF.
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• NONE OF THE ABOVE IS OPIONION IT IS ALL FACTUAL. SHAREHOLDERS NEED TO PUT SOME SERIOUS QUESTIONS TO THE BOARD OVER THIS BUSINESS PERFORMANCE.
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• PLEASE IF YOU DON'T BEIEVE THE ABOVE- DYOR.