FNA Announces Limited Partnership Moving On Fertilizer Plant.

[Wheatking]

I am all for opening a fertilizer plant in western Canada, and I would
love the opportunity to invest but something smells fishy here.
Couple of thoughts immediately come to mind:
1. Is this regulated by the SEC. Seems they want to give the appearance
that you are buying shares in a company, but from what I can tell it is
only giving you the opportunity to buy shares in the company at some
future date.
2. The only benefit they guarantee is that they will be taking your
money. From their website "The nature of such benefits have not yet
been determined, but may include: the right to make an early equity
investment in the fertilizer plant on preferred terms; MPower Rewards or
rebates on products provided through FNA suppliers; or discounted
pricing on fertilizer produced by the plant."

So there are no benefits other than paying for a engineering study. Why
don't they say we need ten million as seed capital and if you invest you
will own a certain portion of this venture.

I just get a queezzy feeling about this, something smells fishy here and
maybe it is due to FNA being involved. When I invest in something like
this I would rather know my share in the big scheme of things even if it
is tiny, than throwing money in a pit, when we have no idea how it is
going to be spent. Perhaps the owners of FNA will take most of it as a
management fee, who knows and that is the problem.

[westsider]

come-on, wheatking, relax... just sit back and watch. i am sure that Agrium / Cf and co. will also just sit back and let this happen as well.

[Hopperbin]

Not sure why if it is supposed to be completely owned by farmers why does FNA need people to sit on the board?

[Hopperbin]

But I am all for it. The origional investors that pay for the ground study work should have special shares if it goes ahead. Myself I would think 10 percent dividend weather they make money or not. Sounds like if it does not go ahead FNA will still give you a year subscription to FNA for every 1000 invested. How could it not make money with the cheap natural gas and investor owners that will buy the fertilizer. Win win but must study further. The thing I am looking at is I use anhydrous ammonia and we are surely getting screwed on ammonia.

[DogPatch]

yeah, its just like all the promoter pushing for investors in slaughter plant when the price of beef was in the can. How many of them are still operating, and how many were even built?

[Hopperbin]

Beef was in the can where is Anhydrous or 46???

[DogPatch]

Think about it..... Cheap cattle, and cheap natural gas. Everyone saw PROFIT in boxed beef, and thought the packers were screwing us. Same with NH3,and urea.

"buddy" asks us to invest in plants, and investors get screwed. None wins, except established players who buy the plants, and continue on.

[Hopperbin]

Well this is why we need to read the prospectus or what ever you call it and so you don't get ****ing screwed.

[Hopperbin]

And don't listen to a buddy or a relative.

[DogPatch]

Big Hog companies sucked grain farmers (when the price of grain was low) into investing into hog barns. Look where this stories going.....

[DogPatch]

There was nothing that I got involved with, but how many of us think that FNA is our buddy? Its going to take it to those big bad fertilizer companies, save us all.

[Hopperbin]

Ya I lost 30 grand in LAPC only to have a board member talk us all out of trying to save ourselves that we must give back to the bank so they can re sell and then the board member end up the owner of the new company yes it happens.