As a frustrated long term holder of TFC i shudder again at this...

As a frustrated long term holder of TFC i shudder again at this news.

If TFC has imminent cash flows relating to the distillation & distribution of Indian Sandwood Oil then why was this not pursued .....
Approach some of our high profile future customers to "pre-purchase" guaranteed quantities of oil at discounted rates?
No - this would reduce uncertainty for the shareholders but put the heat on TFC management to deliver.

Was funding available from Australian Banks at similar very high rates? There wouldn't be further uncertainty about dilution that "big-noting" in the US has brought.

Where are the "middle-Eastern" money men and cash rich Arab and Indian customers that TFC loves to allude to in previous updates.

What ever happened to establishing a secondary market in planting covenants? this would have allowed TFC to sell some of its holdings from prior years and to get cash flow from (capitalised) plantation maintenance fees.

Look back at old TFC announcements forecasting the sale of grower loans to improve balance sheet gearing - just waffle.

The TFC board seems hell bent on empire building at any cost ....