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G3 Vancouver

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  • farming101
    Senior Member
    • Mar 2011
    • 3954

    G3 Vancouver

    I think they are shipping now. Haven't seen any news release tho....
  • bucket
    Senior Member
    • Jan 2008
    • 17027

    #2
    Originally posted by farming101 View Post
    I think they are shipping now. Haven't seen any news release tho....
    I thought they had just starting loading the terminal which meant a few weeks to settle....

    Comment

    • farming101
      Senior Member
      • Mar 2011
      • 3954

      #3
      One news release said grain deliveries started in January, with settling hoping to be completed in April.

      A ship pulled away this week but not sure it loaded there.

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17027

        #4
        Originally posted by farming101 View Post
        One news release said grain deliveries started in January, with settling hoping to be completed in April.

        A ship pulled away this week but not sure it loaded there.
        Time flies....didn't think it was that long ago...

        There should be a big to do release about it...eventually..

        Comment

        • wmoebis
          Senior Member
          • Aug 1999
          • 2652

          #5
          Originally posted by bucket View Post
          Time flies....didn't think it was that long ago...

          There should be a big to do release about it...eventually..
          Farmers aren't aware of what their own company is doing they have a lot of $ tied up in that company and facility. They own 49.9% and I would imagine liability too. Although nobody has seen agreement.

          Comment

          • farmaholic
            Senior Member
            • Sep 2010
            • 17479

            #6
            Originally posted by wmoebis View Post
            Farmers aren't aware of what their own company is doing they have a lot of $ tied up in that company and facility. They own 49.9% and I would imagine liability too. Although nobody has seen agreement.
            Farmer's Equity (plan) will some how be eroded down to zero before a thin dime is paid, in either dividends or share value.
            Yearly statements I get show share "units" but no dollar values.
            "UNITS" were supposed to be equivelant of 5 dollars per tonne delivered.....WE'LL SEE.

            Comment

            • bucket
              Senior Member
              • Jan 2008
              • 17027

              #7
              Yerry sold the CWB to SALIC supposedly for 275 million ....that money stayed in the company account...they started building infrastructure in Canada ....

              You have no equity in G3....it will be taken the same way SWP equity was eliminated....the path has been made for that process...

              And farmers will allow it again without the lube...

              Comment

              • woodland
                Senior Member
                • Aug 2015
                • 1972

                #8
                Originally posted by wmoebis View Post
                Farmers aren't aware of what their own company is doing they have a lot of $ tied up in that company and facility. They own 49.9% and I would imagine liability too. Although nobody has seen agreement.
                Don’t worry. They’ll split it down the middle someday. In the words of Jerry Reed ............ she got the gold mine and I get the shaft!

                I’m sure it’ll be fair😉

                Comment

                • wmoebis
                  Senior Member
                  • Aug 1999
                  • 2652

                  #9
                  Originally posted by bucket View Post
                  Yerry sold the CWB to SALIC supposedly for 275 million ....that money stayed in the company account...they started building infrastructure in Canada ....

                  You have no equity in G3....it will be taken the same way SWP equity was eliminated....the path has been made for that process...

                  And farmers will allow it again without the lube...
                  What about the 200 mil out of the contingency fund that was seed money for the new farmer owned company?

                  Comment

                  • bucket
                    Senior Member
                    • Jan 2008
                    • 17027

                    #10
                    Originally posted by wmoebis View Post
                    What about the 200 mil out of the contingency fund that was seed money for the new farmer owned company?
                    I think they had pensions to pay plus pay out rail cars that after 30 years of lease payments they were not paid off and of course the scam of maintenence costs....

                    It's crazy that farmers had nothing at the end....same will happen with G3

                    Comment

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