AGT in financial distress

[Jagfarms]

https://seekingalpha.com/article/4176475-agt-food-ingredients-levered-commodity-business-flirts-financial-ruin-75-percent-downside

[Rareearth]

Well this is what short selling hedge funds do. It’s much easier to scare people, doom and gloom(human nature) than promote and pump it up.

Murad and what he has done is incredible, like him or not. Seems infrastructural spending in Sask is done with AGT though, and that’s too bad.

There is a saying “misery loves company”

[MBgrower]

does this mean the pasta plant wont get built?

[bucket]

If he was making any money AGT would be buying all the lentils he could for the eventual market return....3 cents on a pound and he's in the money. .

[sumdumguy]

Western Producer June 7, 2018 Page 3, titled AGT Rebuffs Bankruptcy Rumours.

It’s all good cause Murad has $600,000,000 in inventory, receivables and liquid assets to offset his debt and he’s got the big stunned banks backing him and if things continue downward he can sell off some of his plants and use “dilutive” capital. (Gotta google “dilutive” capital”). Maybe that’s what we need. 😎

Oh yeh, his add-backs paint a pretty picture for shareholders. These “accounting” firms are special!

[Rareearth]

Why does he even remain in Canada?
It would be cheaper and easier to have head offices in other countries, lower tax etc

[bucket]

Why does he even remain in Canada?
It would be cheaper and easier to have head offices in other countries, lower tax etc

Tougher to get government money from the dumbass sask party who fell for this scheme sitting in another country....this way all his buddies can do his bidding for him thru Saskpulse and then the local MLAs and MPs.....

He can scoff off the report but where is his revenues.....

Processing fees are 2 to 3 cents a pound minimum or 1.80 a bushel.....

Still seems he has some explaining to do....

[the big wheel]

Tougher to get government money from the dumbass sask party who fell for this scheme sitting in another country....this way all his buddies can do his bidding for him thru Saskpulse and then the local MLAs and MPs.....

He can scoff off the report but where is his revenues.....

Processing fees are 2 to 3 cents a pound minimum or 1.80 a bushel.....

Still seems he has some explaining to do....

Is it just me or are these numbers all not adding up for his revenues declared?

[SASKFARMER3]

New Math?

Creative accounting?

Liberal Ties?

Follow the money!

Priceless!

[sumdumguy]

Processing for pulses cost 3 cents/lb in 1980 now 37 years later rates are less that 3 cents. Same goes for bagging. But capital and operating costs mushroomed in those 37 years. (Very similar to farming.)