gerry h might be smart.

Yeah the most important part of "Ferret's recommendation would be :
______________________
During the period from December 2003 to June 2004 the personnel
numbers grew from eight to over 60 full time staff.


For the period to December 12, 2003, and during the preceding
financial year, the company did not conduct an operating business.
________________________________________



So a business with 60 staff and not conducting any business yet already has a $250 million valuation.

I dont know what price Gerry Harvey paid but I bet it wasnt a dollar per share.