OK lets all put money in for the FNA seed capital

[Hopperbin]

I put my 1000 dollars in the other day with most others going for the max. 10,000. The risk is in the seed capital. When they get to the level of looking for investment money to build it probably much less risk and if the prefered shareholders ask for too much they will screw themselves and end up with 10,000 up in smoke. Makes a lot of sense to build an N facility beside the wells with lots of supply probably end up having a gas cost of less than what BellPlaine plant would pay in my opinion so how could go wrong unless hire the wrong guys to build and manage and run the thing. Supposedly there are 2500 one thousand dollar shares sold for the seed capital so far, with interests to build and run the place already. Kinda looks positive but all talk so far. If goes ahead could be the best 1000 dollars ever spent. More N produced here and moving the point where N is priced from is going to mean big price differences coming in the future.

[wd9]

You should have gave me the 1000. Could
have gone to vegas and stayed at the Aria
for a week. At least you would have gotten
a post card LOL.

Who knows, no risk, no reward. Good for
you.

[sumdumguy]

Goto Hotelspy.com and you can stay at Monte
Carlo in Vegas for a month or more. And think
about how much money you could make while
you have fun.

[vvalk]

Hopper. Can you give the cliff notes on what you
get for $1000 to $10000?

[SASKFARMER3]

It looks like we will do 10000 in seed capital. High
risk. Then we don't know could be up to 100000.

[vvalk]

SF3. What's the pitch. What is the possible return
on your $10K?

[SASKFARMER3]

The 10 k is seed money just to show your
interested. Then shares go out for tonnage you
will take based on seed money. Basically your
return is buying product at same price as viterra
or Blair's or pioneer. On dry last year on 46 bout
187 ton less. That's my understanding haven't
got the written documents yet. Will let you know
later.

[charliep]

What will the structure of the business
be? New generation cooperative?

Also curious if the decision is based on
having ownership in a business that
makes money/provides a return on
investment or a way to add competition
to the fertilizer industry/reduce
nitrogen costs?

[farmboy4]

SaskFarmer3, how do you figure the number
is $187 per tonne?

[HappyFarmer]

If they told you 187 bucks a ton on 46 they are full
of shit! Great way to suck people in!

[HappyFarmer]

If they told you 187 bucks a ton on 46 they are full
of shit! Great way to suck people in!

[groundspeed]

If we sit on our ass and do nothing we will never have any competition in fertilizer to bring the prices down. Im willing to give some money and take the chance.

[SASKFARMER3]

That's my point. If we sit and do nothing we
deserve to get screwed. If I loose a 110000 in
five years oh well I might also gain. I remember
one little deposit in a terminal that gave me back
close to 100000. If you do nothing nothing will
change. Some times you loose sometimes you
win.

[HappyFarmer]

So are they saying that based on projected profits
and on the number of shares you buy it would
equate to 187/mt on the amount of N you use on
your farm?

[SASKFARMER3]

After I get lithe documents ill post!