I have no vendetta against any of the parties, I don't own shares in either.
I am a serious investor and I follow the market, yes I am bitter over a significant loss many years ago and I see it as my responsibility for no one else to have to do what I did and move their family from a 5 bedroom non mortgaged home in Malvern to their mother inlaws commission flat.
So let's work on the pub test on this deal.
To the moderator who pulls my comment based on them being unsubstantiated, I will this time provide references, I don't lie, I am a greedy capitalist and I love seeing people making a dollar HONESTLY.
So here we go. Before I share all, it's important we go back to the beginning.
What I will do is take you to 2015, have a little read about the person who is the largest shareholder of Austagri Pty Ltd,
Name: INTERNATIONAL CAPITAL GROUP AUSTRALIA PTY LTD ACN: 141 093 558 Address: Level 12, 31 Queen Street, MELBOURNE VIC 3000 Class Number held Beneficially held Paid Document number ORD 118,117,333 yes FULLY 7EAP58586 https://asic.gov.au/online-services/search-asics-registers/
keeping in mind there is only 775467933 in the company of 40+% owned by one crook.
So the first deal he cuts is an amazing $98 million dollar infant formula order, read about it here,
The share price rockets and knock me over with a feather a release to the market a couple of weeks later tells a sad story of Austagri not coming up with a deposit let alone the $98 million!
Let me know if you want to know more because i have plenty.
Cheers.
DCL Price at posting:
8.9¢ Sentiment: None Disclosure: Not Held
(20min delay)