So help me understand

[foragefarmer]

Robertbarlage

The elevators were being built, along with the purchase of Mission before the sale to G3.

[Robertbarlage]

And the elevators are in canada the physical asset that can't be moved.

[bucket]

They had to have more value than just an office full of people.

So they started building with that billion dollar guarantee from ritz....then supposedly sold it for 275 million but that money stayed in the company account. It was a self funding deal FFS.

The cwb was sold for nothing and the Saudis kept the billion dollar funding.

[bucket]

How does a billion dollar guarantee turn into 275 million?

[Robertbarlage]

Well for one Richardson did receive alot of money for putting in an offer for the cwb. Not sure how that works

[ajl]

CPP is a big landowner in those parts of south and east central Sk that are in a downtrend or maybe were never as high as it seemed to begin with. Land always goes up except when it isn't. Farmers in these area need to get in touch with CPP immediately.

[bucket]

Robertbarlage

Ritz had probably signed a break fee with richardson when the dealing started for the cwb.

****ing guy couldn't get a fine to stick gains the railways. Pretty sure the richardsons knew they were dealing with a dumb ass and easy pickings for a few million.

[foragefarmer]

All great questions Bucket, but a little to late, the deals done and there's a new government in power.

If you were to contact the group of 50 farmers trying to get the CWB started up again, I'm sure they could tell both you and me a few more interesting points regarding the G3 purchase.

[bucket]

Forage

I asked my MP why farmers were not being offerred the opportunity for an IPO long before it was sold.

It seemed it wasn't something being considered.

But ultimately the government is back in the grain business.

[bucket]

Taxpayers are always moaning about bailing out primary producers but think nothing about bailing out glencore...a trading house. A entity no different than what was portrayed in the movie ..the big short.


Thin air in other words. Their stock paper isn't worth asswipe.

Bailed out by anyone earning a paycheque and gambled their future by guys buying at a high.