SEON | jayg - 1/18/2019 19:56
Here we have an indemnity fund, but it doesnt cover 100%. We got experience with them a few years ago. A place that had been in business outside of our area bought a local elevator and opened it back up. Found out the hard way they were spending faster than they were making. Turned out to be a pyramid scheme, collapsed when enough people were waiting on checks and word spread so that no one else was selling them grain.
I wouldn't let them get into your pockets too deep at once.
Yep. I got $20,000 worth stolen last year but it was wasn’t covered by any insurance
I’m not quite sure how a fella is supposed to vet a buyer.
Edited by rank 1/18/2019 20:21
|