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Notice to Creditors

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  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    #41
    Lets see if blaresbon the creditor list before purchasing pre buym

    Comment

    • Hopperbin
      Senior Member
      • Dec 2007
      • 6562

      #42
      I take it is not a.complete list.

      Comment

      • farmaholic
        Senior Member
        • Sep 2010
        • 17479

        #43
        Wmoebis, the "manufacturers" of crop supplies have done an excellent job of mitigating risk. Enter Retailers. Viterra financial is on the list, maybe CPS had the foresight not to play with Pikes crew. Funny, in retail you don't have to suck all the roosters(alias), just the big ones. I know of someone whose job it was to "keep" a core of big customers loyal.

        Sorry for being vulgar, opinion with a hint of entertainment....

        Comment

        • wmoebis
          Senior Member
          • Aug 1999
          • 2652

          #44
          And that is exactly what I was getting at.

          Comment

          • bgmb
            Senior Member
            • Jan 2007
            • 1645

            #45
            Many of the smaller independent retailers are pretty careful who they lend money too most have learned their lesson.

            Comment

            • SASKFARMER3
              Senior Member
              • Feb 2006
              • 14485

              #46
              Reading more info on this wtf a 20% interest loan. Really don't you think that's a sign your f$&ked.
              In 1980 ok but today really.

              Comment

              • farmaholic
                Senior Member
                • Sep 2010
                • 17479

                #47
                SF3, could have been 50%, if there was no intention of paying it....

                Comment

                • farmaholic
                  Senior Member
                  • Sep 2010
                  • 17479

                  #48
                  http://www.pwc.com/en_CA/CA/car/broadacre/assets/broadacre-002_110514.pdf

                  Comment

                  • bluefargo
                    Senior Member
                    • Nov 2007
                    • 363

                    #49
                    The site posted above by Farmaholic is fascinating on so many levels. Unbelievable what you can get on the internet.
                    The CFO made the statement to the effect that they had the organizational infrastructure to manage 200000 acres. He implies if only they could have got there they would have been ok which is laughable. Obviously they didn't have the ability to manage anything.
                    The list of creditors is fascinating. His Will Foundation?? Who are they? They are owned big money. Gary Pike may come out of this smelling like a rose but I doubt it.

                    Comment

                    • SASKFARMER3
                      Senior Member
                      • Feb 2006
                      • 14485

                      #50
                      Keep reading He and his wife signed personal guarantees.

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