The difference between forestry and non-forestry MIS was that forestry MIS has a legislated 12 month window during which MIS companies could get the trees planted.
Non-forestry MIS schemes had to already be 'up and running'.
This meant that the promoter had to have already planted the olives / built the tomato glass house etc in advance of offering the product to the punters.
This meant spending millions of dollars in advance of even printing the prospectus - money none of the Agri MIS companies have now.
So the court ruling is a historial anomoly resulting from a court challenge launched in completely different times.
A bit like winning Lotto after you died.
See the shareprice performance for confirmation. LOL!!!
TIM Price at posting:
12.5¢ Sentiment: LT Sell Disclosure: Not Held
