The dairy giant's releasing its annual results this morning, and is expected to announce a loss of up to 675 million dollars.
Fonterra shareholder and analyst, Jacqueline Rowarth , says Fonterra's sold a German company that shareholders didn't know it owned.
She's wondering if there are other things in the closet they didn't know about.
Rowarth says this is a chance for Fonterra to air everything out so people have a clear picture of the value of the company.
