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!.