Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Prime wrote:Hi guys, I would wish to hear your experience in regards to previous deals that urithi cooperative has offered. have they kept their word? of particular interest is a fish farming project in maragua that they are offering. Below is a summary, if there are any insiders here kindly feel free to elaborate further on the issue. Invest 250k in a fish pond (several ponds available). The contract runs for four years. The first 6 months earns 50k, the next 6 months another 50k. Things get a little interesting over the remainder or the three years. You actually get to earn 37,500 monthly over the 3 years. This totals to 1,450,000 over the duration of the 4 years. Might seem normal until you prorate using a figure of about 3M. The initial 6 months nets one 600k, next 6 months another 600k. every month from the 13 th month (2nd year) till the end of the 4 years gets one 450,000. every month. total returns from 3 M would amount to 16,200,000. Seems mind boggling. However, assuming they were able to double cash in a year, simple geometric progression should put the total amount in 4 years at 48,000,000. Kind villagers, whats the catch here. You have answered yourself, are those projections natural/kawaida. Anyway ask @washiku whose brother lost on pond business to clarify In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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