Doing Business 2

[parsley]

https://www.google.ca/amp/thestarphoenix.com/business/local-business/murad-al-katibs-lentil-revolution/amp


So.... He has sold $9B worth of lentils in 12 years. The business is valued at $1.03B.

$4.1 million in profit. Huh?

Where is the real profit going?
And who are the biggest lentil sellers?

Fair questions.

[parsley]

Numbers. Do your math homework on the financials.

[iceman]

He just increases the share float to get the capital to buy assets

The Suits in TO haven't caught on yet.

But someone from the pulse growers please chime in about how he is the god of the industry


Iceman Out

[hobbyfrmr]

He just increases the share float to get the capital to buy assets

The Suits in TO haven't caught on yet.

But someone from the pulse growers please chime in about how he is the god of the industry


Iceman Out

I dont the man personally, but I am willing to claim he has done more to develop the Saskatchewan lentil industry than any lentil farmer that I know.
Lentil farmers should think of that. How many cheques did his company write to farmers? I know, I know every farmer got screwed somehow.

[parsley]

$4.1M Profit from $9B in sales.

Over 12 years
Why do the numbers seem odd

[sumdumguy]

Pretty slim profit margin? Is that what you think Pars?

[wmoebis]

$4.1M Profit from $9B in sales.

Over 12 years
Why do the numbers seem odd

Would that be after investments? Think he/they have purchased a lot of infrastructure.

[iceman]

I dont the man personally, but I am willing to claim he has done more to develop the Saskatchewan lentil industry than any lentil farmer that I know.
Lentil farmers should think of that. How many cheques did his company write to farmers? I know, I know every farmer got screwed somehow.

Only the farmers who had forward contracts with him last yr got screwed. Easy to write cheques when you decide what the amount will be. But hey he goes on BNN and pumps saskabush lentils so he must be great.


Iceman Out

[iceman]

Would that be after investments? Think he/they have purchased a lot of infrastructure.

Infrastructure was purchased mainly with issuing more shares.

Iceman Out

[SASKFARMER3]

Oh it's all connected to th regina bypass.

He is a strong supporter of Saskatchewan lentils.

But the 4 mill on 8 bill doesn't add up