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yorick

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21/01/18

10:52

Post #: 30444616
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Originally posted by nursery ↑

I can give you a 100% true version of that type of event.
There was a company that operated out of Bundaberg that was going to be a massive Aloe Vera operation. They sold the idea that you could buy the equipment and plants from them with a guarantee that they would buy them back at a price equal to $5 a plant. All you needed to do was set up a hydroponic area with a minimum of 2 acres. You bought "special" gravel for the troughs from them. It was actually blue metal the same as used in concrete but at twice the price. You bought a 20,000L tank from them, also at an inflated price. You bought a "special" liquid fertiliser, also at an inflated price. Then the plants at $5 each. These plants were also a "special" variety.

The first few were set up. They planted, multiplied the plants and sold them back to the company at a great profit. When the story got around there were many new Aloe Vera farms established and some of these sold at premium prices. The company itself developed a lot of farms and sold them off. No Aloe Vera was processed as all they were buying and producing were sold to new entrants. Big business and plenty of publicity.

Until one day the office was vacant. the phone unanswered and the "promoter" had left the country. I know the story because I bought the office block, with the factory building and 2 acres of dilapidated "garden" after the liquidators sold it off. Another "the emperor had no clothes" story.

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Nugan Hand Bank was behind that.
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First 13 Last

Bitcoin ?, page-13

As Nvidia cools, we're looking to Aussie AI

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

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Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

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Bitcoin ?, page-13

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