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Re: Siggy3 post# 28251

Tuesday, 11/18/2014 9:26:46 AM

Tuesday, November 18, 2014 9:26:46 AM

Post# of 31560
VGRE had $1,000 in Revenues from grass sales, which is probably the 8% commission it earned from VSPC. Our "sister company" has been a complete failure in the grass business in China. Since they claimed $0 in operational expenses related to the grass, my guess is that they either just let it grow and never harvest it or perhaps they let the locals harvest it and use it for their own purposes in exchange for maintaining the 467 acre plantation. One of these scenarios is probably what is also happening to the grass VSPC planted several years ago in Myanmar.