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My client invested £14,000 in the Ostrich Farming Corporation Ltd in March 1996, as full payment for one mature breeding adult bird. This operation was something of a scam and the company was put into compulsory liquidation, but the terms of the investment were as follows:
First, there was a specific chick allocation for the initial five years, 20 per year for the first three years and 24 per year for years four and five.
Secondly, the buy back option for the yearling birds during the first five years was £500 each.
My client invested £14 000 in the Ostrich Farming Corporation Ltd in March 1996 as full payment for one mature breeding adult bird. This operation was something of a scam and the company was put into compulsory liquidation but the terms of the investment were as follows:
First there was a specific chick allocation for the initial five years 20 per year for the first three years and 24 per year for years four and five.
Secondly the buy back option for the yearling birds during the first five years was £500 each.
Thirdly if it was decided that the offspring should be retained a charge of £423 per chick was payable for twelve months' care this being for months 13 to 24 inclusive after which time the new young breeder enjoyed the complete care package chick allocation and...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
