Member Info for bopd

you mug but welcome to join us other mugs that have been here waiting years for the resurrection

Slift for whatever reason you seem to have undying confidence in everything HMI say despite the fact you seem to know absolutely nothing about business practices in Brasil. I warned many times here that sales does not naturally transfer to income.The default rate which is extremely high is rarely satisfied by the courts. I have a court ruling in my favour for R$ 950000.00 . Nine years have now passed with every attempt at enforcement failed even after numerous additional rulings all in my favour. Apart from this if Agrocerrado appeal there will be lengthy delays, if they declare bankruptcy the money will never be received. If they cry to a judge that payment will cause the loss of jobs they will receive a prolongment.If they request a delay in view of Covid they will be heard sympathetically.
Dont delude other investors here when you have no experience to justify your comments.
we can all read the RNS's and do not require your embellishments

Slift, totally out of touch once again to the realities of Brasil.

Whilst KPF may have made arrangements to accept money provided by bank loans this does not mean that loans will be granted . It is incredibly difficult to obtain any sort of loan at present and the interest rates here are generally exorbitant .
Often double figures

Slift, we have all read the various statements over the last 3 or 4 years so you do not need to repeat.
The fact is that those of us that have been here for a while do not believe them or very little that HMI say
To a point they have been careful in their RNS "s to not directly contravene regulations but most of what they say has not been credible. Predictions and guidance have been consistently overstated to the point that i for one believe very little they say. They are very poor businessmen and good promoters.
By your continued ramping i have come to the conclusion that you have a vested interest. I hope for your sake you are not being paid in shares.
You suggested that those of us that are disgruntled sell up and move on.
I would suggest that you put your money where your month is and mega buy these shares at what you describe as bargain basement.
its pointless discussing the size of shed or the quality of the product. Even the amount of sales is not so important but what really counts is the amount of cash received for those sales

Slift, your post below indicates precisely what i am saying
Read your Para starting "During 2018..... which has not performed as hoped !!!!
No not as hoped but given as guidance and repeated many times
Similar statements in 2016 and 2017
targets not achieved in 2019
I have no motive here to talk the stock down as it in fact damages my own holding at 9.65
What i am trying to do is warn any future investors exactly what they can expect
Apart from misinformation there has also been unbelievable bad directorship as witnessed by the Geociclo fiasco where the company lost a considerable chunk of money due to the lack of due diligence
The expat directors ,financiers and shareholders dont have a clue of the business enviroment in Brasil.
There is a well known saying here which is F--- the gringo

You are relatively new here so i suggest you go back and review their various videos ,statements etc since the stock was 23 p

We all agree i am sure that this companies progress depends on sales . Correct ?
You say that the company has fulfilled everything they claimed. This is not correct
They have misrepresented ,misinformed ,underperformed and frankly lied about predicted sales for the last 4 years

I cannot understand why there is so much faith in the companies sales figures or sales predictions as both have been consistently wrong for the last 4 years.
Sales indicated by in company releases do not agree with sales figures submitted to the Brasilian government for whatever reason its not a good look.
Those that missed the figures go back and read my post where there was 30% less sales declared officially

If you use this platform to its full you will find :
"There are currently no open short positions in Harvest Mi"
This has been the situation for many months

Slift,
I am not short on this stock
I was mislead into buying,albeit my mistake , at 9.65 and still hold.
My point of posting is to make everyone aware of the managerial failings,the lies,the false reporting and basically what i consider to be conning of investors by the BOD's.
I am holding because basically there is little point in cashing out at such a low level.
My only hope is that at some point the company will be bought out by an entity that has the intention of selling the product rather than promoting the shares.

Slift,can you tell me what is your experience in the brasil agricultural sector ?
You seem to make many predictions as to how the business works here.
I am a farm owner in Brasil and one totally incorrect statement you made in your last post was
"farmers tend to buy off trusted suppliers for long periods of time on contract "
The only farmers i know that buy on contract are the massive corporations most of which are not remotely interested in remineralisers.They go for potent fertilizers. Bear in mind this is Brasil where enviromental issues are not an issue.Money is
To suggest that "farmers " are loyal buyers is so far from the truth . Most of the agro-companies employ full time or contract agronomists who test market prices every year. Many of these agronomists receive incentives from the big boys like Mosaic and if there is any loyalty it is to these companies for obvious reasons.

Mmm 2 peas in the same pod ?

Watch for the tax man soon

Its obvious none of the posters here ,with perhaps the exception of quisad, have ever done business or remotely understand
payments in Brasil particularly in the agricultural sector.
Extended credit ,barter and deferment are common ,as is unfortunately default
Due to the lengthy and expensive legal process to claim bad debts they are seldom pursued thus encouraging the practice of default.
Other than perhaps Soy the agriculture business is far from lucrative except for the massive producers which unfortunately HMI have had no success in supplying
In spite of a Brasilian Mr Fixit director HMI have failed in every aspect of doing business in Brasil. They have continuously underestimated the bureaucratic processes ,been ripped off by agents, embarked on ventures such as Geociclo who were widely known to be in trouble and badly managed thus losing significant cash and reputation. All without due diligence from start to finish. They have yet to encounter the authorities and tax collectors who routinely wait a few years to pounce.
I hope they have audit insurance otherwise they are in for another big hit to finances. its already obvious that production declared is less than reported to shareholders.

Nevo,you are absolutely correct i suggest you invest here big time, perhaps a few million before everyone realises the potential and it goes thru the roof . Sell the house if need be and get all your friends to get on the bandwagon before its too late.
This is the only way this share will go anywhere. It certainly wont based on sales and income and dont forget there is a hungry MD that needs frequent feeding.

Put your money down so that some us long sufferers can get out with some pittance before it goes to zero or is mysteriously bought out by a Brasilian for peanuts

Nevo you are absolutely correct. You should buy in now big time before this share goes through the roof
Suggest you invest a couple of million without delay and tell all your friends to get on the bandwagon before its too late

That is the only way this share is going anywhere. It certainly wont rise based on sales ,income or for that matter management performance but dont let me deter you

Nevo, i guess you have been drafted in to try to pump the shares under a different guise
I also would HOPE,PRAY and even make a sacrifice to the god of earth dust for a price of 8 to 10p. Im in at 9.65
However this share is going absolutely nowhere .
Look at the 5 year chart and then consider the 5 year cash burn. this is a piggy bank for the MD

Slift, there is only one way this company is going
Just view the 5 year chart
the same splurge re sales targets comes out every year and are never met not to mention the fact that there is a shortfall between company info provided here and returns to the Brasilian government

You do not understand how Brazil works
i believe that if HMI tried to get rid of or reduce Luis's role and financial gain then HMI would be toast in Brasil
You noted how many directorships he has and that is because he is a Mr Fixit in the mining business with contacts in the right places

The answer to the question in your last sentence is : It wont