SF3 called it

[LEP]

Ok. I think I am missing something here. A guy can't get financing through conventional sources yet has clear land available to stream canola?

I am guessing there are secured by second mortgages that use inflated land prices to show equity.

Uhm this is the beginning of the end. That $25m of security could easily be 20 or 25 percent less in a pressured sale.

[bgmb]

Anyone who signs up on a deal like this is either incredibly dumb or desperate. They likely were on track to lose the farm either way.

[sumdumguy]

If they are taking second mortgages, they aren't too bright. Think there would be anything left for them (fire sale prices), especially after lawyers are done picking the bones.

[iceman]

It should be come obvious this winter because these have to be BTOs with the dollar value involved.

I'm sure Douglas is having a bad weekend with his 17% of the float or 10 million shares in the company.

Iceman out