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re: Shocker! Southern University marijuana grow op in shambles...

Posted on 10/31/18 at 7:11 am to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 10/31/18 at 7:11 am to
quote:

Im guessing this contract involved lining the pockets of Southern’s board members


quote:

Advanced Biomedics beat out two other finalists for the marijuana contract last fall, despite a review committee recommending the board pick a different vendor.

Earlier this spring, at a Southern board meeting where members were deciding whether to sign a deal with Advanced Biomedics, Southern University President and Chancellor Ray Belton touted the “positive cash flow” that would come from the deal.

“If we move away from Advanced Biomedics, where do we go? Who do we go to? Another vendor whom this board has already found does not provide the kind of subsidies which we are seeking right now?” Belton said at the meeting.


if you want an amazing look at the short term/scarcity mindset, here you go
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
20382 posts
Posted on 10/31/18 at 7:28 am to
It’s almost (ALMOST!) hard to believe that is an actual quote from a University President. Then you remember it is Southern.
Posted by jeffsdad
Member since Mar 2007
25330 posts
Posted on 10/31/18 at 7:30 am to
Knew that was gonna happen the second they announced it.
Posted by Boudreaux35
BR
Member since Sep 2007
22281 posts
Posted on 10/31/18 at 7:32 am to
quote:

Southern University in shambles...



I fixed your thread subject.

So, Southern (and their contracted partners) hasn't even gotten land to START their operations....I'd love to see how much money they've spent though. Soon they'll be claiming they need more. That whole cluster frick of a "school" up there needs to be demolished.
Posted by TBoy
Kalamazoo
Member since Dec 2007
29112 posts
Posted on 10/31/18 at 7:58 am to
It looks as though this may have been one of those schemes where they get the contract then try to sell to investors who will actually carry it out. The quick buck hasn’t materialized, however. The article mentions Hunter Perret trying to buy a stake post contract but they couldn’t reach terms. You wonder whether the present stake holders have any intention of actually carrying out the operation.

Default these guys and start over.
Posted by BiggerBear
Redbone Country
Member since Sep 2011
3164 posts
Posted on 10/31/18 at 8:23 am to
quote:

Legalize and regulate.


Isn't that exactly what they are doing?
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
39226 posts
Posted on 10/31/18 at 8:32 am to
You would think the one thing that Southern would care about doing right is growing weed
Posted by ProjectP2294
West St. Louis County
Member since May 2007
79632 posts
Posted on 10/31/18 at 8:38 am to
quote:

Another vendor whom this board has already found does not provide the kind of subsidies which we are seeking right now?


So, frick competence. We aren't concerned with who will actually do the best job. We want someone to pay us now. That is our only concern.

How is that school not audited constantly? They bleed money through graft and incompetence. Every upper level employee sees the university as their get rich quick scheme. They have no interest in actually educating people. But if you try to fix things, they will cry racism.

And every problem you see at Southern, multiply it by 12 for SUNO.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
135028 posts
Posted on 10/31/18 at 8:42 am to
Would you want the Ditch Weed southern would grow anyway?



You want that Tiger Paw Kush from LSU. Coach O Hydreax

Devin White Skunk

Spacey Tracey

Posted by Dead End
Baton Rouge
Member since Aug 2013
21237 posts
Posted on 10/31/18 at 9:38 am to
quote:

The only clickable link their website has is an "About Us" section. There is zero information on their main page (and none anywhere else), and it was made on Go Daddy in 2017.

Looks like Southern did their homework


Eta: After reading more about it, it seems that the company had internal problems (and a lawsuit), Southern was aware of it, yet they chose AB anyway. The majority owner was even thinking about suing Southern


Nothing corrupt about that.
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
77214 posts
Posted on 10/31/18 at 9:41 am to
quote:

You want that Tiger Paw Kush from LSU. Coach O Hydreax

Devin White Skunk

Spacey Tracey


Posted by NIH
Member since Aug 2008
124891 posts
Posted on 10/31/18 at 9:43 am to
quote:

Hunter Perret





Surprised he's still walking around
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 10/31/18 at 9:43 am to
quote:



Default these guys and start over


How about cancel the entire thing for southern
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30071 posts
Posted on 10/31/18 at 9:46 am to
Give it to ULL or Tulane
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
77214 posts
Posted on 10/31/18 at 9:49 am to
Louisiana Tech would be more responsible with it. Put one in North Louisiana to normalize it with the Bible thumpers up there.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58616 posts
Posted on 10/31/18 at 10:13 am to
quote:

Give it to ULL or Tulane
that or Tech. probably should disperse it to northern and southern parts of the state
Posted by WildManGoose
Member since Nov 2005
4613 posts
Posted on 10/31/18 at 10:28 am to
"Pay up, Mortimer, I've won the bet."

The state should try a Trading Places type deal with the SU and LSU boards just for shits and giggles.
Posted by KemoSabe65
70605
Member since Mar 2018
7530 posts
Posted on 10/31/18 at 10:29 am to
I am sure they could join up wit Baton Rouge Cousil on Aging for the appropriate land grant scheme.
Posted by SamuelClemens
Earth
Member since Feb 2015
11727 posts
Posted on 10/31/18 at 10:39 am to
quote:

$6 million that attracted the university to the company


They were too busy counting the ways to embezzle the monies to make sure the company could pay on their promises
Posted by Bert Macklin FBI
Quantico
Member since May 2013
12516 posts
Posted on 10/31/18 at 10:55 am to
It’s more proof that it’s a cultural problem not a systemic problem.

LSU and Southern were given the exact same opportunity.

LSU did their homework and found the best company to oversee their operation.

Southern just sold to the highest bidder without any consideration other than the short term money.

This was an opportunity for southern to create a cash cow to support the rest of the university for years to come but instead of seeing the big picture, they tried to squeeze as much money out of it in the short term.

What’s the saying, you can lead a horse to water but you can’t make him drink.

Edit: also the president is retarded if he still won’t choose a new partner cuz they won’t offer more upfront money. At the moment, he has been promised $6m but has seen $0. Even if the new partner only offers $1m it would be a better deal than they currently have.

$1m > $0
This post was edited on 10/31/18 at 11:01 am
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