Possibly good news NAFA

Heard last night at the monthly trappers meeting that there is a possibility that NAFA held trappers fur will be sold in March and trappers will be paid. Good news if it happens.

This is the result of NAFA winning a lawsuit arguing that the trappers fur belongs to the trappers and shouldn't be used to pay claims against NAFA.

whats wrong at NAFA ???

Might be a real barnburner of a sale,and they'll be back in business.

what about all the bad checks they havnt made good? where will that money come from? santa claus? i aint gonna hold my breath in anticipation

Who / what was the source of this information? Should be able to find that lawsuit and the results if it true.

Hahaha. Doubtful but I defer to your knowledge of the fur industry.

I thought under their agreement that SAGA was in charge until a certain time had gone by?

They're in the same line as all the other unsecured creditors.

Lol

The President of the Alaska Trappers told us during the meeting.

That’s so over used already man.

Probably get great deals in the PT room. Going out of business sale.

Give them a call Dirt,last time I talked to Jeff he offered me a great deal on some tanned beaver.

Not a bad idea Boco, maybe they will trade me some pelts to cover my bounced check

Highly doubt it...nafa is kia

Nice, more Top Lot certificates to hang on the wall!

All I can say is: BOHICA !!!!!!

w

I think I'll ship some fur for that sale.

I was gone for two hours turning fur in the shed,,,,,what did I miss
Boco you are going to ship What fur to what NAFA sale ..? When? Where ? and the most import question WHY
That should cover all the W Questions.....

The funds will run through the bankruptcy judge/officer. NAFA won’t receive any funds.

I really doubt there was a NAFA lawsuit for the decision. NAFA holds the furs on consignment and has no rights to the proceeds except for fees. NAFA probably asked the bankruptcy judge/officer to be allowed to have an auction versus spending money to ship by furs. The officer will release funds to fur owners. NAFA’s fees will go to creditors.

Because Boco has never been the first in line. That's why he's going to leave early to meet the truck.

U honestly think a lawsuit was settled already in that matter.

What nobody post their current NAFA letter from today.
31 January 2020 on hold.