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Post by Soutpeel on Apr 20, 2016 13:08:38 GMT 7
Anyone come across a crowd called "Midas Aquaponics"...come across some possible investment in their set up, the return 9%-18% seem a bit blagged, but if legitimate might be interested in putting a few bob into it and give it a flutter...head office is in Chang Mai www.midasaquaponics.com/ |
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Post by Fletchsmile on Apr 20, 2016 14:27:58 GMT 7
Hadn't heard of them but I always have an open mind. I checked out the link above to their website. The idea and concept sounds attractive. Just based on the website though I wouldn't touch it. Two main reasons: 1) Gut feel: It reminds me of similar "investments" in things like forestry. It's possible it's legit, but it has the feel of other "investments" like forestry which have nice marketing idea 2) More importantly on the facts. The website is severely lacking on anything substantial for financials. Only some woolly text on "why invest" and an attractive return rate of 9% - 18% to entice people. Nothing substantive. A decent website should have an investor relations section, where you can see financial info, as well as financial news and filed returns. There's nothing here except a section to fill in and request a call back. No financials, income statement, balance sheet etc. Even if it's a new investment I'd at least expect some form of prospectus describing the structure of the investment. 9% - 18% sounds attractive to entice people. Possible it's legit - you never know. But I'd put money on either they've never done this before/ are complete amateurs or all is not as they market it. Both make it unattractive. So as you say looks blagged + I'd want to see some experience of it + I'd want a lot more financial info/ prospectus etc before going further. I really don't want that in the form of a call back to me either  |
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Post by Soutpeel on Apr 20, 2016 14:39:19 GMT 7
Hadn't heard of them but I always have an open mind. I checked out the link above to their website. The idea and concept sounds attractive. Just based on the website though I wouldn't touch it. Two main reasons: 1) Gut feel: It reminds me of similar "investments" in things like forestry. It's possible it's legit, but it has the feel of other "investments" like forestry which have nice marketing idea 2) More importantly on the facts. The website is severely lacking on anything substantial for financials. Only some woolly text on "why invest" and an attractive return rate of 9% - 18% to entice people. Nothing substantive. A decent website should have an investor relations section, where you can see financial info, as well as financial news and filed returns. There's nothing here except a section to fill in and request a call back. No financials, income statement, balance sheet etc. Even if it's a new investment I'd at least expect some form of prospectus describing the structure of the investment. 9% - 18% sounds attractive to entice people. Possible it's legit - you never know. But I'd put money on either they've never done this before/ are complete amateurs or all is not as they market it. Both make it unattractive. So as you say looks blagged + I'd want to see some experience of it + I'd want a lot more financial info/ prospectus etc before going further. I really don't want that in the form of a call back to me either Cheers for that Fletch, looking at the website, it appeared "too slick" in its presentation for me and yes lacking financials, I have sent away for the info pack and there maybe more in that, will see and let you you know, they are looking for blocks of investment of THB 500k for 7 years. always had in my mind about getting into hydroponics or similar when I finally give up the racket I am in now, thought it would be a nice little retirement business, hence my interest in this..was thinking of investing the THB 500k and then see how they have set up ie the technical side as it seems you can tour the farm and generally trying to pick their brains  |
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Apr 20, 2016 14:42:55 GMT 7
This doesn't appear to be a forestry-type investment. It would appear more of a franchise operation where you open a fish & vegetable farm. From the website "Investing in Aquaponics allows you to own a physical asset, also known as a tangible asset. Your aquaponic system is a physical object which can be touched and has true material and commercial resale value. Your asset belongs to you and produces a continuous and regular income stream."
The alleged sponsorships & partnerships seems a bit dodgy. Does the WWF do that sort of thing? Or the (Thai) Department of Fisheries? Whilst "World Acquaculture Society" appears to be a membership organisation.
There's also no proper explanation of the return figures - they seem to have been pulled out of thin air.
Looks well dodgy to me. Not to be touched with the longest of bargepoles.
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Post by rgs2001uk on Apr 20, 2016 14:43:39 GMT 7
As mentioned by Fletch, I wouldnt touch this with a bargepole.
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Post by Soutpeel on May 26, 2016 12:11:47 GMT 7
just a bump on this...as an update
Sent away for the email info pack, never received
While home got a phone call from an English chap, saying he was from Midas-aquaponics, confirmed I lived in Thailand, asked how he could help, seemed to be starting a sales speech, stopped and told him to send me the info I had asked for and I would come back to him if I was interested, promised he would send in the next 20 minutes and call me back the following week to discuss...the call wasn't from a Thai number..
To date no info pack and no call back
Therefore calling scam on this, and suspect because I live in Thailand, it would be very easy to get on a plane to CM and visit their "operation" hence no further contact
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me
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Post by me on May 26, 2016 12:59:06 GMT 7
the fact that it was not a Thai number is not that bad itself. If the person is using a voip server the listed number could be anywhere.
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Deleted
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Post by Deleted on May 26, 2016 13:11:02 GMT 7
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Post by rgs2001uk on May 26, 2016 14:05:46 GMT 7
just a bump on this...as an update Sent away for the email info pack, never received While home got a phone call from an English chap, saying he was from Midas-aquaponics, confirmed I lived in Thailand, asked how he could help, seemed to be starting a sales speech, stopped and told him to send me the info I had asked for and I would come back to him if I was interested, promised he would send in the next 20 minutes and call me back the following week to discuss...the call wasn't from a Thai number.. To date no info pack and no call back Therefore calling scam on this, and suspect because I live in Thailand, it would be very easy to get on a plane to CM and visit their "operation" hence no further contact Sounds like digital pikery to me, some cheap charlie boiler room type living the dream. Remember a few years ago it was the exact same with these Agarwood farms with millions to be made. |
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Post by homebrew on Nov 2, 2016 12:34:18 GMT 7
Have a look at their Facebook... They are where they say they are and doing what they say they are doing
They document progress daily...
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Post by rgs2001uk on Nov 2, 2016 15:29:13 GMT 7
^^^^^ how much are you in for?
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Post by homebrew on Nov 3, 2016 7:56:22 GMT 7
^^^^^ how much are you in for? Whoa Nelly. Not said I had... I asked for info... I received it and I looked on their FB... I don't think they are actually producing yet... But They exist and if the guy in the thread earlier did jump on a plane to Chang mai... He will see that. |
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Post by Soutpeel on Nov 3, 2016 13:24:18 GMT 7
^^^^^ how much are you in for? Whoa Nelly. Not said I had... I asked for info... I received it and I looked on their FB... I don't think they are actually producing yet... But They exist and if the guy in the thread earlier did jump on a plane to Chang mai... He will see that. Given i never received any info from them, or another call, obviously i back burnered this idea, yes they may exist, but still of the opinion the returns they are claiming may be a bit of a blag |
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Post by rgs2001uk on Nov 3, 2016 15:43:11 GMT 7
^^^^^ how much are you in for? Whoa Nelly. Not said I had... I asked for info... I received it and I looked on their FB... I don't think they are actually producing yet... But They exist and if the guy in the thread earlier did jump on a plane to Chang mai... He will see that. As I drive down to Pattaya, there are signs on the road advertising great returns on condos. If I head to Central, downstairs in the foodcourt they have booths offering the same deals, 10% return. I dont doubt these condos exist or are in the stage of being built. But personally I have better places to park my money. |
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Post by Soutpeel on Nov 3, 2016 17:13:00 GMT 7
Whoa Nelly. Not said I had... I asked for info... I received it and I looked on their FB... I don't think they are actually producing yet... But They exist and if the guy in the thread earlier did jump on a plane to Chang mai... He will see that. As I drive down to Pattaya, there are signs on the road advertising great returns on condos. If I head to Central, downstairs in the foodcourt they have booths offering the same deals, 10% return. I dont doubt these condos exist or are in the stage of being built. But personally I have better places to park my money. Yeap...been working with a guy for last few years who got caught up in the off plan Pattaya condo scam bought 3 of them, with visions of becoming the Donald Trump of Pattaya, they were suppose to have completed last year and ready to move in, as of last month no end in sight, he is not a happy bunny.. |
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