ALF - Allied Farmers Limited

[winner69]

Umm, so now they're asking 80 year old ex Hanover debenture holders to put money in?

Is it April Fools day?

What happens when you are desperate for survival eh

[Stranger_Danger]

Pretty much.

This is the key line - The recent extension to our
banking arrangements with Westpac, albeit with restructuring and capital
raising milestones that are required to be met, signalled confidence in our
plans, which we too are confident provide a solid foundation for our future
growth.

Capital raising failure = bye bye company.

[Dr_Who]

I have been voicing loud and clear for those that did want to listen.

[Alan3285]

Pretty much.

This is the key line - The recent extension to our
banking arrangements with Westpac, albeit with restructuring and capital
raising milestones that are required to be met, signalled confidence in our
plans, which we too are confident provide a solid foundation for our future
growth.

Capital raising failure = bye bye company.

Can it fail if it is underwritten?

Alan.

[winner69]

Bet you that most of Hangover holders who are now Allied shareholders don't even know what a rights issue is .... heck many didn't knoe about shares or have a CRN number and such things

Maybe they might be tempted if Allied say heck guys the last lot you got were 20 cents odd and these are 2.5 cents ....... what a bargain eh .... cheap as

[darksentinel]

heck guys the last lot you got were 20 cents odd and these are 2.5 cents ....... what a bargain eh .... cheap as

And just ignore the fact that the last lot are now worth 1/5 of what you got 'em for.

Similar to the UK pensioners with BP stock. Poor, innocent victims.

[bull....]

wow cant get much closer to my 2 c valuation than this , unless they go bust of course which must be a possibilty now if they have to go to the drastic action of a rights issue at this price.

[winner69]

April last year a rights issue at 40 cents .... good one

And whatever happened to the $7m Resimac from Aust 'committed' last October ..... that propped up the balance sheet big time and sucked Westpac in for a while ..... and now the chicken has come home to roost ..... and desperate measures now needed ..... wasn't it Shoeshine in one recent column talking about such things used the word deception

[minimoke]

Pretty much.

This is the key line -...
Capital raising failure = bye bye company.

I quite like this line as well" "I am also encouraging our current shareholders to take up their rights, not only to support the business and its future plans, but also to avoid any dilution effect from the capital raising"

Encouragement = "you are over a barrel. We've taken our pleasure with you via Hanover but we want to be around a bit longer so we can take advantage of our salaries and director fees. We need your support because there is no money in Hanover and other parts of the business don't look that flash. We've comprehensively managed to dilute your original investment and we encourage you to give us more NOW because its near on impossible to dilute value when its at Zero.

[Dr_Who]

I quite like this line as well" "I am also encouraging our current shareholders to take up their rights, not only to support the business and its future plans, but also to avoid any dilution effect from the capital raising"

Encouragement = "you are over a barrel. We've taken our pleasure with you via Hanover but we want to be around a bit longer so we can take advantage of our salaries and director fees. We need your support because there is no money in Hanover and other parts of the business don't look that flash. We've comprehensively managed to dilute your original investment and we encourage you to give us more NOW because its near on impossible to dilute value when its at Zero.

You are onto it Minimoke.