Shareholders were screwed, page-7

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sika

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17/08/18

16:13

Post #: 35000729
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Originally posted by Marla ↑

great news for the 2003 harvest 13.5 kilo of oil per tree. sadly growers have no say on who they want to harvest their crop.

There was no tender for the rest of the 2002 harvest just a 65% offer to buy from a buyer with no details provided at all other than the crop had to have a minimum of 3% oil. In other words the co-op which is led by Frank wilson and his mates are obviously intent on using this non detailed strange offer to secure the other plantations. For all I know they maybe deciding to value add oil wise once they have full power and smaller growers will once again be screwed. QIN has agreed to have any tender oversighted by another independant coy which in my view is the best way to go.

Having been involved with so much agribusiness in the nineties and knowing the RE's including Huntley's no-one has as much experience as QIN in terms of the market . The pressure to advertise good prices for this crop is immense after the co-op war as well. Having independant oversight this time would be an additional assurance.

I know some growers keep shouting out BlackRock but why go after the lender when BR DID NOT make the shonky management decisions that led to the collapse . That was JW and others . It seems to be the mantra of the big growers led by JW to illogically blame a creditor because their offer was refused . Receivers acts independently.

I was a significant shareholder so feel screwed over twice now.

I have no idea why other small growers are not more skeptical. Trust no one . They are all in it for themselves . Getting the best experience and oversight is the only way to go.

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Just got a reply from Piper Alderman RE Lachlan Lamont went on to say as we know share holders are excluded & the only winner will be BlackRock legal wise is our only hope going good

QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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