R the longs ok, page-21

"I note that about 11 million was spent purchasing growers lots for this years harvest. I assume that this will not be the case for the followings years harvest . In 2015 they spent 52 million doing the same. Retrospectively given liquidity issues they perhaps should not have done this"

They used money sourced from later investor to purchase plantations from earlier investors to prevent proper yield and price discovery, ensuring that future plantations could be sold at premium prices*.

This is exactly what Great Southern did, and history records how that all ended.

(*A Ponzi scheme generates returns for older investors by acquiring new investors)