AGT in financial distress

[bucket]

Katib lived on government money.....remember how he was going to start a pasta plant....


Don't sugar coat what he did....he didn't make any money....and if he did ....what island is it on....


It was a government backed scheme all along. ....now they will have to bail him out ...


Isn't he into land developing now as well ...creating a hub east of Regina. ....

[Crestliner]

“Not being prepare for the reality of the way things really are”. Well said TBW. Should be the title of a course in our business schools.

On another note....watch ILTA....all outsider investor money, gobs of money spent on processing plant, top notch dream facilities, ROI will be zero. When do they leave the building?

[Daylate]

well said crestliner.... and yes. hes part of the governments next big thing. add him to the next pyramid package and phase him out quietly but with class, while we prop up the next big thing.
gives us minions trapped in a communist country hope again i guess. and makes it atleast look like its kind of a private business deal. unlike our new pipeline....

[SASKFARMER3]

Follow the money. Ties to the Feds, dig a little deeper boys. But it all makes so much sense.

[bucket]

The real frustration is our checkoff money went to develop private label varieties for this guy and he didn't have to pay full development cost of it.


No ROI on that money either. ... so add in that to the punch to the gut....

Meanwhile guys still think he's making money....maybe he should be on a Panama papers type of list as well.....

[blackpowder]

Churchill. The biggest ongoing scam of the last 70 years.

[Ache4Acres]

[wmoebis]

Does CGC give reports on financial status on bonding and security to producers?

[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. .