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Re: Nafa now gone
[Re: Rat Trapper Sr.]
#6671168
11/20/19 08:20 PM
11/20/19 08:20 PM
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bleeohio
Unregistered
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bleeohio
Unregistered
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I'm sorry Alex , the answer is, "what is nafa"
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Re: Nafa now gone
[Re: pcr2]
#6671223
11/20/19 09:09 PM
11/20/19 09:09 PM
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Joined: Mar 2011
Posts: 25,411
williams,mn
trapper les
trapper
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trapper
Joined: Mar 2011
Posts: 25,411
williams,mn
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markets get any worse you'll have to change your name to mud.  lol
"Those who hammer their guns into plowshares will plow for those who do not."
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Re: Nafa now gone
[Re: trapper les]
#6671299
11/20/19 10:29 PM
11/20/19 10:29 PM
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Joined: May 2009
Posts: 1,179
Maryland's Eastern Shore
mud
trapper
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trapper
Joined: May 2009
Posts: 1,179
Maryland's Eastern Shore
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markets get any worse you'll have to change your name to mud. lol It’s taken!
April is autism awareness month. Nearly 1 in every 100 children are born with an autism spectrum disorder.. 1 in 100. Stop and think about it...please
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Re: Nafa now gone
[Re: GROUSEWIT]
#6671431
11/21/19 06:57 AM
11/21/19 06:57 AM
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Joined: May 2010
Posts: 28,978
potter co. p.a.
pcr2
"Twerker"
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"Twerker"
Joined: May 2010
Posts: 28,978
potter co. p.a.
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markets get any worse you'll have to change your name to mud. Gonna miss going to walmart to meet nafa truck less than a mile from house!!!! get a job as a greeter and you can still go and make more than with fur.
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Re: Nafa now gone
[Re: Dirt]
#6671605
11/21/19 11:01 AM
11/21/19 11:01 AM
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Joined: Jan 2007
Posts: 1,047
Iowa
mink99
trapper
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trapper
Joined: Jan 2007
Posts: 1,047
Iowa
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NAFA just got a 5 million dollar secured loan to give advances to mink ranchers. Wild fur producers no such luck.
Where did you see this at?
ITA, NTA, FTA
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Re: Nafa now gone
[Re: mink99]
#6671626
11/21/19 11:25 AM
11/21/19 11:25 AM
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Joined: Dec 2010
Posts: 11,181
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,181
Armpit, ak
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NAFA just got a 5 million dollar secured loan to give advances to mink ranchers. Wild fur producers no such luck.
Where did you see this at? The 5 million is not going to be all spent on advances. Just some of it. Starving kits was the main justification for the loan. "URGENT NEED FOR FILING AND OVERALL RESTRUCTURING THESIS 26.The Applicants are seeking relief under the CCAA in order to obtain DIP Financing to fund its now overdue obligations to its farming constituents, who are in the end stages of cultivating kits for this season." "The DIP Financing is critical to the Applicants. The Applicants have already made significant capital investments by way of Kit Loans in preparation for the harvest. As shown in the Cash Flow Forecast, the Applicants run out of liquidity in the week ended November 8, 2019 to continue to fund those Kit Loans to allow the farmers to feed the mink."
Last edited by Dirt; 11/21/19 11:47 AM.
Who is John Galt?
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Re: Nafa now gone
[Re: Rat Trapper Sr.]
#6671644
11/21/19 12:07 PM
11/21/19 12:07 PM
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Joined: Dec 2006
Posts: 3,844
Pa
Wright Brothers
trapper
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trapper
Joined: Dec 2006
Posts: 3,844
Pa
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I thought Advance sold parts.
Are they brokering skins now?
FHA gonna get flooded.
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Re: Nafa now gone
[Re: Dirt]
#6671674
11/21/19 12:33 PM
11/21/19 12:33 PM
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Joined: Apr 2013
Posts: 4,043
WI
nimzy
trapper
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trapper
Joined: Apr 2013
Posts: 4,043
WI
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dirt
Deloitte The 5 million is not going to be all spent on advances. Just some of it. Starving kits was the main justification for the loan.
"URGENT NEED FOR FILING AND OVERALL RESTRUCTURING THESIS
26.The Applicants are seeking relief under the CCAA in order to obtain DIP Financing to fund its now overdue obligations to its farming constituents, who are in the end stages of cultivating kits for this season."
"The DIP Financing is critical to the Applicants. The Applicants have already made significant capital investments by way of Kit Loans in preparation for the harvest. As shown in the Cash Flow Forecast, the Applicants run out of liquidity in the week ended November 8, 2019 to continue to fund those Kit Loans to allow the farmers to feed the mink." This is looking like margin calls for mink ranchers. Any predictions on next years crop?
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Re: Nafa now gone
[Re: Rat Trapper Sr.]
#6671681
11/21/19 12:45 PM
11/21/19 12:45 PM
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Joined: Dec 2010
Posts: 11,181
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,181
Armpit, ak
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35 million.
I wonder what the North American farmers think about the fact NAFA owes over $20 million to Europeon creditors?
Who is John Galt?
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Re: Nafa now gone
[Re: mink99]
#6671730
11/21/19 02:07 PM
11/21/19 02:07 PM
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Joined: Nov 2013
Posts: 548
NY
whartonrattrappe
trapper
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trapper
Joined: Nov 2013
Posts: 548
NY
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Where did you see this at?
Here's everything pertaining to NAFA's restructuring effort. supposed to be an update end of Nov. Poke here NAFA
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