That Cat guy Pappas is owed over a million bucks.
Petska and Weibke also owed money.
Guess they all sell fur at nafa.

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

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.

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.

That's peanuts,they sell over 200 million a year. 25% of that comes back to the company in fees to buyers and sellers.

"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.

That would cover their liabilitys and costs no problem if people that owed them money paid up.

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.

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.

w

....yeah...lol

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

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?

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

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.

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.

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?

Yes. Thank you!

A lawyer

Be good to go in together on it!

Al Jazeera $173k?

advertizing Marty.