AGT going private

**farmaholic** · Dec 5, 2018, 06:07

What would be the benefit of going private then claiming bankruptcy?

Who knows where the funds are actually coming from to buy shares...maybe little to none are actually the CEO's.

https://www.google.ca/amp/s/leaderpost.com/news/local-news/agt-foods-ceo-and-board-chair-lose-appeal-over-15m-in-frozen-shares/amp

**bucket** · Dec 5, 2018, 06:36

Originally posted by farmaholic View Post

What would be the benefit of going private then claiming bankruptcy?

Who knows where the funds are actually coming from to buy shares...maybe little to none are actually the CEO's.

https://www.google.ca/amp/s/leaderpost.com/news/local-news/agt-foods-ceo-and-board-chair-lose-appeal-over-15m-in-frozen-shares/amp

You caught that ...wonder if the average Joe farmer knows that AGT with all their government funding have a slush fund in one of those offshore countries that the CRA is too stupid or told by the trust fund twins not to go?

**Daylate** · Dec 5, 2018, 07:51

He's got friends in low places. Not in this country.

**jazz** · Dec 5, 2018, 08:16

Originally posted by Daylate View Post

He's got friends in low places. Not in this country.

You got that right. I sell nothing there. Their plant is like 5 miles from my land and I haul it all the way to MJ to simpsons.

**walterm** · Dec 5, 2018, 09:16

They can't pay on the driveway on delivery and the majors are very close price wise....and I can leave the scale with a cheque...

Is this not an infringement of the Canadian Grain Act. Sec 56 (1) and Sec 61 (a). And should be enforced by the CGC.

**bucket** · Dec 5, 2018, 10:16

Originally posted by walterm View Post

They can't pay on the driveway on delivery and the majors are very close price wise....and I can leave the scale with a cheque...

Is this not an infringement of the Canadian Grain Act. Sec 56 (1) and Sec 61 (a). And should be enforced by the CGC.

Yes but so is leaving Viterra in Moose Jaw without a scale ticket so the trucker phones later for his weights....

CGC won't do a ****ing thing about enforcing the law and Viterra head office has told me they have lots of locations without a truck scale ...That doesn't make it right but CGC covers their eyes to it and keeps their 130 million...

**walterm** · Dec 5, 2018, 10:34

Originally posted by bucket View Post

Yes but so is leaving Viterra in Moose Jaw without a scale ticket so the trucker phones later for his weights....

CGC won't do a ****ing thing about enforcing the law and Viterra head office has told me they have lots of locations without a truck scale ...That doesn't make it right but CGC covers their eyes to it and keeps their 130 million...

That is why I continually say and believe that farmers were screwed when the Office of Assistant Commissioners was done away with and not replace with Grain Farmers Advocacy Office that was advised by gov'ts own implemented review of the Commission. ( Compas Review 2006 ) What is the use in wasting money on a 3rd party review if not going to adopt recommendations?

**sumdumguy** · Dec 5, 2018, 11:02

Originally posted by jazz View Post

You got that right. I sell nothing there. Their plant is like 5 miles from my land and I haul it all the way to MJ to simpsons.

Moose Jaw? You have a lot of top-notch plants closer than MJ.

**sumdumguy** · Dec 5, 2018, 11:04

Originally posted by walterm View Post

That is why I continually say and believe that farmers were screwed when the Office of Assistant Commissioners was done away with and not replace with Grain Farmers Advocacy Office that was advised by gov'ts own implemented review of the Commission. ( Compas Review 2006 ) What is the use in wasting money on a 3rd party review if not going to adopt recommendations?

I agree, the grain commissioners were a definite asset. Harper turfed a lot of ag programs in west. I wondered where the f he came from.

AGT going private