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.

[Crestliner]

NEWS FLASH-“There is no money in Pulse Processing and Bulk Packaging”. That business died 20 years ago when the line companies got involved in it and killed margins. In the 80’s and 90’s the Pulse business was vibrant, had many players, lots of liquidity, small companies that provided excellent service and value to farmers and in many cases was the lifeline to farms surviving those times when canola was $5 and wheat didn’t move or was $3.
Transportation problems begin to plague the smaller operators just as margins begin to deteriorate and the industry lost players and a lot of consolidation began.
Mr. Murad came along and seemed to reinvent the wheel in pulses, acres exploded in red lentils, splitting took off and I believe he had made some good money. Then he grew, got big, became admin heavy, added business, sold stock, hyped stock, convinced a big fund man to invest and BAM! Good old India which is the main market decided to deep six CANADA. The business has stopped or slowed, overhead remains the same and cash gets burnt at an alarming rate. We have zero leadership in the pulse industry to face this government barrier, we have no leadership in the Federal government. No retaliatory action against India, just lets be nice Canadians and get walked all over. I won’t be surprised if it all blows up. Reason makes it almost certain.....and because Murad was the Face of the organization....it will be all his fault! The man has created a lot of wealth for farmers and people, had been a news media darling...but shit happens that is beyond ones control. The real experts are the ones who go to the coffee shop, realish in another ones failures, have all the answers on how he screwed up and in reality they haven’t taken a risk in their life and accomplished SFA and are farming with Grandpas money. I hope he can keep it going, diversify to higher margin items, make some real money for the shareholders ....it dosent look good though. The farm news media will have a hay day...lot of garbage to write about to try to sell their crappy failing paper or useless website. Funny how the talking heads are the first to smell the rot and gleefully start to feed the narrative and the downfall is inevitable. Stay tuned!

[the big wheel]

NEWS FLASH-“There is no money in Pulse Processing and Bulk Packaging”. That business died 20 years ago when the line companies got involved in it and killed margins. In the 80’s and 90’s the Pulse business was vibrant, had many players, lots of liquidity, small companies that provided excellent service and value to farmers and in many cases was the lifeline to farms surviving those times when canola was $5 and wheat didn’t move or was $3.
Transportation problems begin to plague the smaller operators just as margins begin to deteriorate and the industry lost players and a lot of consolidation began.
Mr. Murad came along and seemed to reinvent the wheel in pulses, acres exploded in red lentils, splitting took off and I believe he had made some good money. Then he grew, got big, became admin heavy, added business, sold stock, hyped stock, convinced a big fund man to invest and BAM! Good old India which is the main market decided to deep six CANADA. The business has stopped or slowed, overhead remains the same and cash gets burnt at an alarming rate. We have zero leadership in the pulse industry to face this government barrier, we have no leadership in the Federal government. No retaliatory action against India, just lets be nice Canadians and get walked all over. I won’t be surprised if it all blows up. Reason makes it almost certain.....and because Murad was the Face of the organization....it will be all his fault! The man has created a lot of wealth for farmers and people, had been a news media darling...but shit happens that is beyond ones control. The real experts are the ones who go to the coffee shop, realish in another ones failures, have all the answers on how he screwed up and in reality they haven’t taken a risk in their life and accomplished SFA and are farming with Grandpas money. I hope he can keep it going, diversify to higher margin items, make some real money for the shareholders ....it dosent look good though. The farm news media will have a hay day...lot of garbage to write about to try to sell their crappy failing paper or useless website. Funny how the talking heads are the first to smell the rot and gleefully start to feed the narrative and the downfall is inevitable. Stay tuned!

He ran it the way the sask party ran the province. Lentils were always going to be crazy price so let's spend and choke everyone else out of business with government money. Look like a real genius all the media made it out like he was this rags to riches Einstein. Have you been to those offices with people upon people? Assistants to assistants. Lol

I m certain he ll be running in the next election he s a shoe in for acting big blowing money not being prepared for the reality of the way things really are. Easy to run things with a blank cheque until the printer runs out of ink. Cant make it without government money.

[bucket]

Katib lived on government money.....remember how he was going to start a pasta plant....


Don't sugar coat what he did....he didn't make any money....and if he did ....what island is it on....


It was a government backed scheme all along. ....now they will have to bail him out ...


Isn't he into land developing now as well ...creating a hub east of Regina. ....

[Crestliner]

“Not being prepare for the reality of the way things really are”. Well said TBW. Should be the title of a course in our business schools.

On another note....watch ILTA....all outsider investor money, gobs of money spent on processing plant, top notch dream facilities, ROI will be zero. When do they leave the building?

[Daylate]

well said crestliner.... and yes. hes part of the governments next big thing. add him to the next pyramid package and phase him out quietly but with class, while we prop up the next big thing.
gives us minions trapped in a communist country hope again i guess. and makes it atleast look like its kind of a private business deal. unlike our new pipeline....