director spends $86,337 on market , page-13

Wilmott, Timbercorp and Great southern plantations all reported strong profitability. Their business model was to plant trees and charge a large upfront fee and investors got returns when the trees were made into woodchips.

They then diversified into grapes and almonds with a more similair business model to ccf largish up front fee and ongoing management fees.

Again initially they required additional capital to expand but were supposed to become self funding.

THe difference with CCF is that instead of harvesting the treee they claim carbon credits as the trees grow.

The above companies all reported strong profitability until they went bankrupt.

Cashflow is king and 2 quarters where they haven't planted the trees yet does not impress, it looks like they have booked the revenue from origin or origin have already paid them and then they still need to plant the trees. It is nice to get the cash up front but it doesn't give you an accurate reflection of what the true cost of planting the trees and maintainging them are and if the they are actually are generating free cash flow to self fund expansion.

I'm only looking because I think there might be money to be made but need questions answered before I invest.