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Possibly good news NAFA

Posted By: white dog

Possibly good news NAFA - 12/05/19 12:32 AM

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.
Posted By: pcr2

Re: Possibly good news NAFA - 12/05/19 12:59 AM

whats wrong at NAFA ???
Posted By: Boco

Re: Possibly good news NAFA - 12/05/19 01:00 AM

Might be a real barnburner of a sale,and they'll be back in business.
Posted By: danny clifton

Re: Possibly good news NAFA - 12/05/19 01:12 AM

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
Posted By: K52

Re: Possibly good news NAFA - 12/05/19 01:13 AM

Originally Posted by gray dog
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.


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

Re: Possibly good news NAFA - 12/05/19 01:16 AM

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


Hahaha. Doubtful but I defer to your knowledge of the fur industry.
Posted By: rex123

Re: Possibly good news NAFA - 12/05/19 01:19 AM

I thought under their agreement that SAGA was in charge until a certain time had gone by?
Posted By: white dog

Re: Possibly good news NAFA - 12/05/19 01:20 AM

Originally Posted by danny clifton
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


They're in the same line as all the other unsecured creditors.
Posted By: cci

Re: Possibly good news NAFA - 12/05/19 01:22 AM

Originally Posted by pcr2
whats wrong at NAFA ???

Lol
Posted By: white dog

Re: Possibly good news NAFA - 12/05/19 01:25 AM

Originally Posted by K52
Originally Posted by gray dog
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.


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


The President of the Alaska Trappers told us during the meeting.
Posted By: Jurassic Park

Re: Possibly good news NAFA - 12/05/19 02:02 AM

Originally Posted by pcr2
whats wrong at NAFA ???



Thatís so over used already man.
Posted By: Dirt

Re: Possibly good news NAFA - 12/05/19 02:29 AM

Probably get great deals in the PT room. Going out of business sale. sick
Posted By: Boco

Re: Possibly good news NAFA - 12/05/19 02:34 AM

Give them a call Dirt,last time I talked to Jeff he offered me a great deal on some tanned beaver.
Posted By: Duckstick80

Re: Possibly good news NAFA - 12/05/19 03:05 AM

Originally Posted by Boco
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 laugh
Posted By: TRapper

Re: Possibly good news NAFA - 12/05/19 05:15 AM

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

Highly doubt it...nafa is kia
Posted By: PaRay

Re: Possibly good news NAFA - 12/05/19 10:17 AM

Nice, more Top Lot certificates to hang on the wall!
Posted By: walleyed

Re: Possibly good news NAFA - 12/05/19 06:33 PM

Originally Posted by gray dog
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.



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

w
Posted By: Boco

Re: Possibly good news NAFA - 12/05/19 08:20 PM

I think I'll ship some fur for that sale.
Posted By: Northof50

Re: Possibly good news NAFA - 12/05/19 10:14 PM

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..... blush
Posted By: brymoore

Re: Possibly good news NAFA - 12/05/19 10:17 PM

The funds will run through the bankruptcy judge/officer. NAFA wonít 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. NAFAís fees will go to creditors.
Posted By: white dog

Re: Possibly good news NAFA - 12/05/19 10:20 PM

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

Re: Possibly good news NAFA - 12/05/19 10:31 PM

U honestly think a lawsuit was settled already in that matter.
Posted By: Northof50

Re: Possibly good news NAFA - 12/06/19 01:40 AM

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