Clinton Fawthorpe, a shareholder of Alliance Meats, talks to Dom Geroge about his issues with the capital raising requirement from Alliance.
Fawthorpe, a dairy farmer in Temuka, has supplied cattle to Alliance Meats for six years. He sold cull cows this week and says, “instead of paying just over $400 in shareholdings, we've had to pay just over $1,700."
He says he was a staunch supporter of farmer-owned cooperatives but questions the value of being a shareholder.
"One of my friends a couple of weeks ago was cold called by an Alliance rep and offered exactly the same money that we've just received," Clinton recounts, highlighting the lack of incentive for shareholders.
Listen to the full chat between Clinton Farwthorpe and Dominic George above.
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