Merchant law suit

[Burbert]

Yous boys/girls don't get it duya. All
lawyers are sleaze bags. Most Comedian
framers are stupido, under educated, er
simply, simple, ta choose such a carear.
Gobermonts govern er fail as a result of
popularity, politicos spend each and
ever day feeding at the public trough.
Thats life!! Go fer the lawsuit and
watchem squeal, like the pigs they is,
that stole our assets during
nationalization of the grain industry in
Comedia!!!!!!!!!

[Braveheart]

Burbert, exactly when and how did you acquire these mystical assets? Do you receive annual statements that show your equity position? I thought not.

This lawsuit is beyond a doubt the LAMEST load of pout-induced crap I have ever seen. It has zero chance of winning anything more than a fat retainer for Tony Merchant. It's true what they say that there's one born every minute.

By the way, if by some miracle you prove your case, what about the gain on said assets? Have you reported and paid any tax due? Might be a big bill.

[rockpile]

I heard Merchant on Rutherford this morning. The
four hundred and some million refers to actual
physical and cash assets the 'old' CWB owned - like
the office, rail cars, the boats, contingency fund,
etc. He might have a case there. The 15 billion
could be best described as good will and intangible
value extrapolated. Ask for $15 bil and even if you
get only $1 bil, that's still a lot of coin. And he is
using the Crow Benefit Payment as a precedent. He
says he is working on a % basis assuming awards.
Say what you want but the guy saw an opportunity
and jumped on it as often happens in the free
market. Tom, why would you take anything Oberg
said seriously now, you never did before? A while
since I read the CWB Act but it seems to me that
there was a line in there should the cwb ever
dissolve all assets remain the property of the
Crown. Last point, every asset the cwb has came
from sales of wheat and barley. Doesn't that give
moral ownership to the farmers who paid the bill.
Oh, rewards would only accrue to farmers who used
the 'single desk' in 2011 and 12 and you have to
register to be part of the class action.

[gustgd]

Merchant on Gormley this am
http://www.newstalk650.com/ckom-podcasts

[gustgd]

Also in open line 2:08-7:35

This guy for a bit, I was trucking lentils to Regina this am so the background noise was from the hands free.

I misspoke when I said farmers never will own assets of the CWB. That will be the next fight how will CWBII be structured so that farmers who have done business in the past have an incentive to work with them in the future. If it's a co-op I'm likely out, if I'm given shares based on past deliveries maybe I'm in?
We have to make sure the contingency fund dollars don't go to wrap up costs. Those costs have to come from the taxpayer. They are the ones who forced us to belong in the first place.

[Burbert]

Time will tell, what is gonna happen ta
this case, against the Comedian
gobermont. Whinning and snivelling
aboot, what should, er could be the
result doesn't cut it any more. We all
have opinions, good/bad aboot the
wheatie bored. Butt ifn the gobermont
owes me 1$ er 1 penny as a result of the
seizure of assets, I WANT IT BACK, THE
SOONER THE BETTER. Who gives a f@#k
about taxes, we all pay them whether wes
likes to er not. Gimmie, gimmie,
gimmie! Lean mean Comedian grain
marketeers in future will see the inside
of more and more courtrooms whether they
like it er not. After all thats what
the more prisons are being built for,
growers beware..........

[TOM4CWB]

Burbert,

How many canola, pulse, rye, flax... growers have seen the inside of a jail cell for selling to the buyer of their choice?

ZERO.

How many canola, pulse, rye, flax... growers have been charged with illegally exporting non-board grains?

ZERO.

It is truly great to see wheat, barley, and durum join the special club of grains that can be sold to the highest bidder!!!

[wilagro]

And Tom, you forgot to mention the half dozen bidders who will possibly FIX prices at the LOWEST level that they WANT to pay rather than the highest.

[Hopperbin]

Part of the claim includes damages for lost price premiums previously obtained with the selling power of the board's monopoly.


Essentially this is how he tallies up to 15 billion as the CWB's biggest argument in the past was they have no assets. He expects to only have farmers that delivered in 2011 and 2012 to be elligible. Yet the cars were and most assets were aquired many years ago. So there is some big flaws here. The CWB became famous with an unpresidented gov't payment to growers on creating of the monopoly. Looks like it will go out with another one. I should think the CWB should then also be completely dismantled and no more public money into a welfare system that never did no good anyway.

[notaredneck]

Once again Tom...high as a kite!

[Hopperbin]

Will be interesting how Merchant will twist the 62 percent of farmers that voted out the monopoly on malt and export feed barley.

[cottonpicken]

As goofy as it is,and not that i agree,if you look at the
big,big global picture a monster payment is a real
possibility.

Global politics concerning the important natural
resources is a funny thing.

[TOM4CWB]

Wilagro,

"And Tom, you forgot to mention the half dozen bidders who will possibly FIX prices at the LOWEST level that they WANT to pay rather than the highest."

Hmmmmmmmmm..... sounds exactly like what the CWB/Millers did to growers. WHAT I was just showing you... You said it... The lowest level they want to pay... not what buyers were willing to bid up the price to... to get the grain out of our bin doors or into the ground in the spring.

notaredneck... the millers were laughing at me in Winnipeg... in Feb 2008... telling me it was my job to hold their wheat... at no cost... JUST in case they ran short...when they did take our supply... they took our grain at the lower value forcing all the risk on to growers in the 'Designated Area'... at NO cost to themselves.

Sooooo...How much customer loyalty did that buy us? ZERO.

Why would they even care? The CWB had a single buying desk... and held the grain for them no matter what!!!

The millers/bakers paid US northern growers HUGE wheat premiums... and still are paying those premiums today.

HIGH? As a Kite? Who is up flying again today... in never never ... can't be possible... land; notaredneck?

You were probably one of those watching my jaw drop... as the British Miller dumped on me!!!

[stonepicker]

Good answer tom.