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G3/Farmer's Equity Trust

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  • blackpowder
    Senior Member
    • Feb 2010
    • 9333

    #21
    I suspect their weren't many assets.
    Other crown business sales sold shares to the public for cash.
    Behind the logo there wasn't a viable proposal to sell. Ritchie's was politically out of the question.
    It was likely the only way to move it.
    Give the brand and few hard assets to the only company that agreed to fly the logo for 7 years.
    I always said the emperor never had any clothes.

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    • shtferbrains
      Senior Member
      • Jun 2017
      • 5264

      #22
      Originally posted by blackpowder View Post
      I suspect their weren't many assets.
      Other crown business sales sold shares to the public for cash.
      Behind the logo there wasn't a viable proposal to sell. Ritchie's was politically out of the question.
      It was likely the only way to move it.
      Give the brand and few hard assets to the only company that agreed to fly the logo for 7 years.
      I always said the emperor never had any clothes.
      Never was supposed to have hard assets.

      Even office space is debatable.

      The money was a pool of farmers current accounts?
      Last edited by shtferbrains; Dec 12, 2021, 14:44.

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      • katoe
        Senior Member
        • Dec 2003
        • 275

        #23
        That contingency fund was ours thats for gd sure. Thanks yerry

        Comment

        • blackpowder
          Senior Member
          • Feb 2010
          • 9333

          #24
          Originally posted by katoe View Post
          That contingency fund was ours thats for gd sure. Thanks yerry
          Kinda like crop insurance profits?

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