Clarification - please read this article, page-7

IMO the stock is trading close to fair value based on it's prior business but carbon credits aren't really of much interest to majority of investors which is why they were trading at a discount. Now that the company has changed directions I feel we are cheap and by no means anywhere near overvalued. This is evident by the NPV valuation when compared to current market cap and as you stated there is no value being added at all for the new direction and deal with Greenlake. We didn't need to outlay any major capital expenditure to move in this agri direction as it was supplied by greenlake via lease agreement and this deal has been orchestrated to also benefit them. There is going to be very limited dilution as we move in this new direction. Management will sell the NZ assets....pay down the remainder of debt and increase the herd at Capel farm. It's a smart move IMO. Interested to see the reaction tomorrow. Hopefully the DOW can settle tonight.