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Re: NAFA [Re: dirt trapper] #6667456
11/16/19 05:02 PM
11/16/19 05:02 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
That Cat guy Pappas is owed over a million bucks.
Petska and Weibke also owed money.
Guess they all sell fur at nafa.


Forget that fear of gravity-get a little savagery in your life.
Re: NAFA [Re: trapper234] #6667492
11/16/19 06:05 PM
11/16/19 06:05 PM
Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
That adds up to lots of millions of dollars w/o the smaller creditors. What we don't know is how many of those that are producers have been covered or absorbed by SAGA at this time. I see about 25 from WI which would stand to reason as WI is the leading ranch mink producing state in the USA.

Bryce

Re: NAFA [Re: dirt trapper] #6667494
11/16/19 06:08 PM
11/16/19 06:08 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
I did not see the bank on the list?

It appears from the filing they owe CIBC in excess of $30 million and unsecured debtors in excess of $25 million.

Last edited by Dirt; 11/16/19 07:02 PM.

Who is John Galt?
Re: NAFA [Re: dirt trapper] #6667533
11/16/19 07:22 PM
11/16/19 07:22 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
SAGA ARRANGEMENT
12.
As part of the Saga Arrangement, S
aga and the Applicants have b
een contacting a number
of European mink farmers to transition Kit loans from the Appli
cants to Saga. This process
involves personnel from each of Saga and the Applicants visitin
g each farmer to obtain
their consent to transfer their Kit loans to Saga. Such farmer
s are located in Poland, Latvia,
the Netherlands and Romania, among other European nations.


Who is John Galt?
Re: NAFA [Re: dirt trapper] #6667547
11/16/19 07:29 PM
11/16/19 07:29 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
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Boco  Offline
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Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
That's peanuts,they sell over 200 million a year. 25% of that comes back to the company in fees to buyers and sellers.

Last edited by Boco; 11/16/19 07:30 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: NAFA [Re: dirt trapper] #6667558
11/16/19 07:42 PM
11/16/19 07:42 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
"The Applicants own certain real property located in Poland and
the United States. Arising
from discussions with the Syndicate, the Amended and Restated I
nitial Order authorizes
and directs the Applicants to list and offer for sale such real
property assets as soon as
reasonably practicable"

Yes Boco they may gross $50 million.


Who is John Galt?
Re: NAFA [Re: dirt trapper] #6667560
11/16/19 07:46 PM
11/16/19 07:46 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
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Boco  Offline
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Posts: 45,271
james bay frontierOnt.
That would cover their liabilitys and costs no problem if people that owed them money paid up.


Forget that fear of gravity-get a little savagery in your life.
Re: NAFA [Re: dirt trapper] #6667677
11/16/19 09:13 PM
11/16/19 09:13 PM
Joined: Sep 2010
Posts: 6,547
NC, Orange Co.
QuietButDeadly Offline
trapper
QuietButDeadly  Offline
trapper

Joined: Sep 2010
Posts: 6,547
NC, Orange Co.
This might have been addressed but I missed it if it was.......

I did not see the WFSC on the list and not sure just how the WFSC operated under the NAFA blanket. So my questions is...does anyone know how the WFSC funds fit into the scheme of things as they stand today? The WFSC dues were a multi-year contract, some of which will not be fulfilled. Refunds should be due to each member for the unfulfilled portion.


Life Member: NCTA, VTA, NTA, TTFHA, MFTI
Member: FTA NRA NWTF
Re: NAFA [Re: Boco] #6667699
11/16/19 09:24 PM
11/16/19 09:24 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
Originally Posted by Boco
That would cover their liabilitys and costs no problem if people that owed them money paid up.


Who owes NAFA money?


Who is John Galt?
Re: NAFA [Re: Dirt] #6667781
11/16/19 10:10 PM
11/16/19 10:10 PM
Joined: Feb 2010
Posts: 8,459
Henderson, N.Y. Jefferson Co.
W
walleyed Offline
trapper
walleyed  Offline
trapper
W

Joined: Feb 2010
Posts: 8,459
Henderson, N.Y. Jefferson Co.
Originally Posted by Dirt
Originally Posted by Boco
That would cover their liabilitys and costs no problem if people that owed them money paid up.


Who owes NAFA money?


I'll admit that NAFA auto-renewed my membership to the WFSC without my permission

in January 2019 so I'm on the hook for $100.00 for a 5 year membership.

So I'll go on record as owing them money.

I have not been able to access my account for over a year so I'm not paying up. laugh

w


"Provisional/Interim" member of NYS Trappers Association
Jefferson Co. Fur Harvesters

I Support Non-Resident Trapping



Re: NAFA [Re: yukon254] #6667808
11/16/19 10:26 PM
11/16/19 10:26 PM
Joined: May 2010
Posts: 1,445
idaho
W
wallfur Offline
trapper
wallfur  Offline
trapper
W

Joined: May 2010
Posts: 1,445
idaho
Originally Posted by yukon254
Anyone remember the new tracking system NAFA was talking about a year or so back?? They told us it would save the industry kinda like the AIHTS was going to do.
....yeah...lol

Re: NAFA [Re: Boco] #6667815
11/16/19 10:30 PM
11/16/19 10:30 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Originally Posted by Boco
That Cat guy Pappas is owed over a million bucks.
Petska and Weibke also owed money.
Guess they all sell fur at nafa.



Not necessarily. I know Pappas uses them as an outlet for cats but I bet the money owed to weibkes is brokerage fees.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: NAFA [Re: dirt trapper] #6667868
11/17/19 12:13 AM
11/17/19 12:13 AM
Joined: Jun 2012
Posts: 3,829
KY.usa
rex123 Offline
trapper
rex123  Offline
trapper

Joined: Jun 2012
Posts: 3,829
KY.usa
Just a question. Seeing as how a lot of the fur from the U S is in storage in Wisconsin is't there a legal remedy through U S courts to keep it from being sent to Canada and having it returned to it's owners in the U S?

Re: NAFA [Re: Steven 49er] #6667871
11/17/19 12:24 AM
11/17/19 12:24 AM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
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Joined: Dec 2010
Posts: 11,135
Armpit, ak
Originally Posted by Steven 49er
Originally Posted by Boco
That Cat guy Pappas is owed over a million bucks.
Petska and Weibke also owed money.
Guess they all sell fur at nafa.



Not necessarily. I know Pappas uses them as an outlet for cats but I bet the money owed to weibkes is brokerage fees.


I'm a bit confused. NAFA pays brokerage fees? What is wiebkes selling for NAFA? confused

I understand, if I say, hire Wissmiss to buy me a cheap lot of Lg beaver for $15 a piece including all the nonsense fees, I would have to pay her a brokerage fee.

Last edited by Dirt; 11/17/19 12:25 AM.

Who is John Galt?
Re: NAFA [Re: dirt trapper] #6667885
11/17/19 12:55 AM
11/17/19 12:55 AM
Joined: Dec 2006
Posts: 7,628
evansville Indiana age72
don Wolf Offline
trapper
don Wolf  Offline
trapper

Joined: Dec 2006
Posts: 7,628
evansville Indiana age72
Add Wolf to that list and make it 3 of those bouncing babies. Never thought I would see the day that NAFA went upside down. I still have some fur that I will probably never see.
Does any one know who to contact now about this little minor problem we have. I am sure they know who they owe money to. Maybe if all of us wild fur council members and all the bigger dealers they have, kinda, put out to dry, would kind of put us into ownership of the company, free of all debt to us.
I believe Jason buys fur at NAFA, and he might get some kind of a price break after he spends so many dollars buying fur there. Probably gets some kind of commission rebate like the one I used to get. I got mine for every so many dollars worth of fur I would sell there. This was in addition to my 9 percent I paid. Also didn,t have to pay drumming fees and got rid of my cities fees in addition to that. Lots of different ways to make money at NAFA.
Understand, I don't know that is what kind of deal Jason has, but I was just giving you some idea of my thoughts on the subject. I know nothing at all about that company.

Re: NAFA [Re: dirt trapper] #6667898
11/17/19 01:24 AM
11/17/19 01:24 AM
Joined: Jan 2007
Posts: 16,684
north Idaho
W
wissmiss Offline
trapper
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trapper
W

Joined: Jan 2007
Posts: 16,684
north Idaho
Dirt - many of the bidders in the auction room are buying on commission for end users. In other words, they are middlemen (brokers). They usually operate on a commission. Generally it is 3% - that is sort of the industry standard, though the actual amount is negotiated by the 2 parties.

When the broker makes a purchase for his customer, he usually has NAFA invoice his customer. He tells NAFA what commission to add on. That commission is collected by NAFA from the customer and is then paid to the broker, usually around prompt date. Some brokers leave their commissions on account at NAFA to be used in the future if they (the broker) makes a purchase for themselves. Sort of like money in the bank (bad analogy I know).

That is most likely why NAFA owes Weibke money.

Some brokers have NAFA send them a commission check. I was told that some brokers had not been paid their commissions from the May/June sale, let alone the August sale.

Make sense?


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Please check out my updated inventory of Native American books.

Re: NAFA [Re: dirt trapper] #6667901
11/17/19 01:34 AM
11/17/19 01:34 AM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
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Joined: Dec 2010
Posts: 11,135
Armpit, ak
Yes. Thank you!


Who is John Galt?
Re: NAFA [Re: don Wolf] #6667963
11/17/19 08:08 AM
11/17/19 08:08 AM
Joined: Oct 2013
Posts: 11,269
Indiana
B
brianmall Offline
trapper
brianmall  Offline
trapper
B

Joined: Oct 2013
Posts: 11,269
Indiana
Originally Posted by don Wolf
Add Wolf to that list and make it 3 of those bouncing babies. Never thought I would see the day that NAFA went upside down. I still have some fur that I will probably never see.
Does any one know who to contact now about this little minor problem we have. I am sure they know who they owe money to. Maybe if all of us wild fur council members and all the bigger dealers they have, kinda, put out to dry, would kind of put us into ownership of the company, free of all debt to us.
I believe Jason buys fur at NAFA, and he might get some kind of a price break after he spends so many dollars buying fur there. Probably gets some kind of commission rebate like the one I used to get. I got mine for every so many dollars worth of fur I would sell there. This was in addition to my 9 percent I paid. Also didn,t have to pay drumming fees and got rid of my cities fees in addition to that. Lots of different ways to make money at NAFA.
Understand, I don't know that is what kind of deal Jason has, but I was just giving you some idea of my thoughts on the subject. I know nothing at all about that company.



A lawyer

Be good to go in together on it!

Re: NAFA [Re: Dirt] #6668071
11/17/19 10:33 AM
11/17/19 10:33 AM
Joined: Sep 2010
Posts: 2,214
NE
M
Marty B Offline
"arbitrary noob"
Marty B  Offline
"arbitrary noob"
M

Joined: Sep 2010
Posts: 2,214
NE

Originally Posted by Dirt
You need to submit a proof of claim with the monitor so you can be added to this 3 page list.

current list of creditors

There are some interesting names on this list.





Al Jazeera $173k?

Re: NAFA [Re: dirt trapper] #6668086
11/17/19 10:43 AM
11/17/19 10:43 AM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
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"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
advertizing Marty. whistle









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