You gotta wonder if Gormley has actually checked it out. After all he is a man of integrity, isn't he?
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John gormley with input capital ad on radio
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Originally posted by macdon02 View PostI'm starting to believe that ccga is only there to keep from from filing taxes out of country.
All though the only farms who would entertain the thought would be cash flow positive and have no need for the CCGA. Of course not enrolled in any government safety nets because it would create a paper trail.
Interesting concept nonetheless
Iceman outLast edited by iceman; Nov 24, 2016, 20:35.
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Here is a cut and paste page 5 of 15 from the INP power point presentation today. The entire presentation is on their website.
This is too ****ing surreal to be true. Its awesome, calling the farmers "bad counterparties" after taking their cash and land due to default.
I am buying more shares.
Input has just completed a transition year, in more ways than one. A year ago, we had 3 streaming contracts default, including our largest one. Our stock fell 40% overnight, and investors have sat on their hands pretty much ever since. But many good things have happened in this year, and have transitioned back into a growth story. I want to tell you about those good things.
• Regarding the defaulted contracts – in total $18.4 in capital was impacted, but not really at risk because we have security. About 65% of that capital has been recovered in the form of cash and farmland, and only $6.6 million remains to be collected. We’re making good progress on those files.
• We completely reviewed our underwriting and contracting processes and made enhancements that we believe will help ensure we do not enter into streams with bad counterparties in the future. Back testing our new process against our portfolio, the three contracts that defaulted are the ones which would not have made it through our process today
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It's a new rough and tumble world out there that is sometimes hard to understand. It is ok for foreign owned potash mines to buy up large tracts of our land, publicly traded companies to strong arm it away or large investment funds to swallow it up.
Doesn't leave much for the little guys to try to grow.
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And done with the government permission.
Input capital. ...gars.....livestock insurance.....blah blah blah.....see who the principals are behind these things and it's not hard to see where ag is being funneled into.
Sadly the suits don't get in an equipment seat.....eventually they might have to.
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