Details about Hansard, Donald and Dee Fleming


Donald Brownlie Fleming

Highlights
  • Don's many successful businesses
  • Don helps Vanuatu.
  • A reporter makes a bad attempt at knocking Don with mis-information
  • The Financial Review say MyATM will net $9M by next year.
Donald Brownlie Fleming
How Donald Fleming and Dee Fleming got involved with the company

The details will be added here soon. Donald Brownlie Fleming was approached by

Daniff Properties Pty Ltd 19 years after the project began.

Peter Lewis started a Hohoba/Jojoba farm which was unsuccessful and changed to Pistacio's.

It was already in the hole when they came to Don and Dee to be co-investors.

Don and Dee said no but would buy the farm and keep on the chairman or president to keep continuity. They didn't know about non compliant ASIC complaint, this was never disclosed to their legal team or accountantes either.

After about a year ASIC got in contact with them who were then directors some time in 1990. ASIC told them to shut down but Don and Dee negotiated, if kept open, what would it take so nobody would lose money.

They undertook a voluntary (not compulsory) undertaking that if it wasn't complying that it would be shut down. This was presented to the investors and everybody had to vote.

ASIC didn't care about who lost money, but after much convincing they said they would keep open subject to cross-colateralising with another one of Don's companies companies.

Note: After being appointed in the new purchasing entity and having bought the farm ASIC asked to wind it up.

In this way the Pistacio farm got the benefit from Elan, one of Don's companies.

If it weren't for Elan, the investors would have got nothing. As it was, the only money they got was from syphoning Don.

I'll complete this story when time becomes available. There's more to it.

Ultimately a group of the investors got greedy (or confused) and screwed up the negotiations, after Don had ploughed over half a Million dollars in to the legals of resurrecting the plantation.

Screwed over BIG TIME!.