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Post by Albertabuck on Dec 27, 2020 14:18:43 GMT -6
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Post by SWMan on Dec 27, 2020 19:37:54 GMT -6
Something not adding up there AB, he has about 100K more in accounts receivable than he does in secured and unsecured creditors!? If the Royak Bank is gonna pull the rug on guys like this then half of the farmers will be out on the street. My personal opinion is it is now time in Canada to have zero debt, you don't want banks and lawyers deciding the fate of your business or residence.
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Post by Albertabuck on Dec 27, 2020 19:56:04 GMT -6
Only thing I can come up with is those receivables must have been outstanding for some time and the bank had concerns of them every getting paid. Due to the area, I would guess he must have done the work in oil or coal related, I am only guessing here...perhaps someone from the area knows more, if so be great to know the rest.
But not only is there those receivables, gotta be over another hundred grand of stuff in that sale, not sure if any real estate is involved or not. I see it that they did a bunch of work they never got paid for and were unable to make bank payments and thus got taken down...given how in many cases the banks are taking some huge hits, maybe they saw this as an opportunity to come out on top, I dunno.
All I know is it would appear they were running a decent outfit by the looks of things, I mean not many can run things and have 500K outstanding on the books at the same time...
I did see a rental business listed as the same address and as a creditor, perhaps he had been using the rental income to keep the other afloat as long as possible, who knows
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Post by Albertabuck on Dec 27, 2020 20:00:29 GMT -6
this is how I ended up on here just now, scroll down for the real thing...lol
/photo/1
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Post by northernfarmer on Dec 27, 2020 20:08:12 GMT -6
Something not adding up there AB, he has about 100K more in accounts receivable than he does in secured and unsecured creditors!? If the Royak Bank is gonna pull the rug on guys like this then half of the farmers will be out on the street. My personal opinion is it is now time in Canada to have zero debt, you don't want banks and lawyers deciding the fate of your business or residence. That is what I have been thinking as well in regards to having debt and being controlled by the government/banks which also makes me wonder about that help program they came out with ... CEBA, and what if anything they will try to hold over anyone owing them money on that program. Maybe its just me but I have a bad feeling about what we will have thrown at us, I'll bet land taxes will skyrocket for one thing and force some farmers to sell, also loose the capital gains exemption and find out its China buying up the land or some foreign entity. With the debt Canada is in and it will get much worse yet no doubt, only bad things can happen. |
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Post by kevlar on Dec 27, 2020 21:11:47 GMT -6
Would it be possible that the bank was also the creditor to all those owing the electrician and they too have filed for bankruptcy and know full well there was no way his outstanding accounts receivables were going to get paid to him? I think people are in denial of the amount of pain there is out there. Will be slow at the start but then there will be a flash flood of bankruptcies. Even a lot of smaller businesses will try holding on longer than they should thinking they will be able to pull through. Problem is even when this crap is all over, it's going to be very hard for many businesses to get back on their feet. I know a few people personally who have had to close up, and they were fairly well established with their business, but you can't go from doing well to zero income over night, nobody can plan for that.
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Post by Albertabuck on Dec 28, 2020 10:18:47 GMT -6
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Post by SWMan on Dec 28, 2020 10:59:26 GMT -6
At 4:30 in this video he touches on why the push towards fake meat.
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Post by shmiffy on Dec 28, 2020 12:23:44 GMT -6
Just goes to confirm why TRUMP NEEDS to get to the bottom of election fraud
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Post by Albertabuck on Dec 28, 2020 13:42:22 GMT -6
Good vid Swman, thanks for sharing that. The whole context of all of this shows just how the vast majority of the population is being manipulated and doesn't even know it. But then so few of them are self reliant anymore and that seems to have created an incredible level of naivety and gullibility.
That link on twitter was making the rounds a lot later in the morning, anyone who thinks this is a conspiracy or such needs to read some of them comments, I am amazed people that dumb are actually able to exsist, but it comes back to the lack of self reliance again...
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Post by Albertabuck on Jan 10, 2021 10:55:58 GMT -6
Some real hardcore Canadian journalism here from one of the dipshits at Global. CTV had stupid football on last nite at six, so I watched the local Global instead...was about a five minute segment with some law professor from the UofA celebrating censorship...but then these are the folks who have UNIFOR right in their closing credits..
BTW spoiler alert, Trudope himself is on Parler lol
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Post by northernfarmer on Jan 18, 2021 9:56:32 GMT -6
I did find this link from the other forum but regardless of that I watched it and thought it should be brought up here as well in regards to Canada spiralling down with Nazi like control. I expect that with the Democrat win on the other side of the boarder this is falling in line with the whole picture of massive control which has already been coming down the pipe but far more so is my guess. I do not know how we can dig ourselves out of this mess as big business/big government has us by the throat and balls while pounding us in the ass. At what point will they shut this forum down for example as I would not be surprised if the plug got pulled one day.
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Post by SWMan on Jan 18, 2021 12:49:04 GMT -6
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Post by generalchaos on Jan 18, 2021 12:56:04 GMT -6
That’s what the Nazi’s did and the whole world condemned it. Different story now. |
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Post by kenmb on Jan 18, 2021 15:14:31 GMT -6
It's interesting about censorship of on line forums discussion on such thing as covid or election rigging. If you follow the belief that you can't write a post, or blog, or even be a journalist posting on-line about something that goes against the set narrative, then it is a given that one can't write a well researched document or book including all the things that support why your position has merit. Quite the world. And people will openly cheer and support this control. I have been working that point pretty hard on the other forum as to what people will support. I will throw this one in here. This is a whole new angle I was exposed to the other day with news centering around the Vatican. First, we know Trudeau sold Canada's gold. That is noteworthy on its own. Doing what he is told, it has no value, yet other countries are building their reserves. I think the value of gold is inversely related to how you feel about Trudeau so act accordingly. Anyway, the angle presented was the Vatican is the originator of the Central Banking scam. The Rothschilds were funded by the Vatican. While I heard that mentioned before, it was always presented as the Vatican was simply a lender of convenience. In hindsight, if a guy thought about it more, that really doesn't make sense as there were lots of lenders around and the Catholic Church should have no need to be a lender. So, either that whole angle is false, or the truth is more likely the Vatican used Rothschilds as a tool to set up the system. Interesting things to contemplate. If you beleive the world doesn't work the way you think it does, how do you figure out you know what the truth is.
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