PFT pure foods tasmania limited

Ann: Suspension from Quotation, page-4

  1. 28 Posts.
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    This thing is not coming back on unfortunately. It's all over. Management have been kidding themselves and attempting to kid shareholders for years now. Right from the start has been nothing but failed product lines which burn more cash, with little to no market communication. About the only product that sold well was potatoes (seriously, how much $ are you going to make selling spuds) but they decided to sell out to Coles & Woolies, who squeeze any margin there may be in a product line for themselves.

    There was some hope and promise in this thing at the start, but it became evident pretty quickly that there is no money in food. Combine that with management that has terrible communication and this thing became uninvestable.

    I feel sorry for all investors stuck in this thing.
 
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2.1¢
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Mkt cap ! $2.948M
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