AGT in financial distress

[RedLentil]

Just reading the Larry Weber report and there is bit about AGT foods not doing so well. Probability of bankruptcy if things don't turn around.

[farmaholic]

Is time to limit deliveries to small quantities and make sure to receive payment(cashable check) before delivering more?

[consuelo]

saw the same. should have read the end first. the author says he is short or wants to be short AGT stocks.

[bucket]

What????? Businessman of the world?????

The ****ing guy has been living on government handouts by inflating his build numbers...But it looks good ..

His buddies at government won't let him fail....he will be bailed out for the good of the industry....while primary producers are shit on.


The processing fees should have given AGT solid numbers every year with the volumes.

He has made no money.

[ajl]

What took so long. Actually the handouts were likely getting channeled back to his pals in Turkey. All a big scam. Most of the world operates that way.

[sumdumguy]

Need Margin - No magic - rules of biziness by Sumdumguy

Sleep in the trough-uncut all the old guys- no margins left = wheels could fall off the bus.

[Oliver88]

I thought AGT was part of the group buying the port of Churchill??

[the big wheel]

I thought AGT was part of the group buying the port of Churchill??

if it was you can bet it was government money behind it. You know to create jobs or expand something fake. Then it will say we re going broke and it will never end.

[bucket]

AGT is part of Churchill for the government handout that goes along with it...

[helmsdale]

It's the way business has been done here since confederation. Perhaps longer. Wanna get ahead? Latch onto the governments tilt and make sure a few career bureaucrats and politicians land softly when they plan to graduate from public service.