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Originally Posted by bomberjet
^Pretty sure I seen that in the Stats Can numbers. I'll see what I can find. It is a large number.
On the CWB front, I think it's a terrible outcome for Canada. CWB will be 100% owned by Saudi's and Americans in 7 years. And they are getting the company for a $250M "investment". So they're paying themselves $250M for the company. not matter what Ritz says, they're basically getting it for free.
Basically using all the farmers money and the $300M the Feds gave them for their expansion (which is far from complete by the way). The company is turned over to G3 for their $250M investment. Right....
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Well, I do not know the value of CWB or whether the $250 million goes to the Gov't, but these shareholders have deep pockets and long term strategic and expansion plans. The farmers will get paid future market value for their shares that they paid nothing for. Basically they are loyalty points. This gives producers another marketing option and creates competition.