Whataburger sold to a Chicago investment firm

Colt45 · Dec 15, 2023

MadMax said: ↑

Same…along with 2 hot coffees
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And some tay tays.

cheke64 · Dec 15, 2023

Mcdonalds quarterpounder burger now taste like real food. Had one recently and they're good now.

Buck Turgidson · Dec 16, 2023

Mango said: ↑

Some/many/all Auction Barns will shutdown soon for the rest of 2023, so your timing of this week is logical.

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I just read this and it made me think of you out there trying to make a profit with Cattle doing it the hard way instead of the easy way by just pushing Paper around like these people were doing.

SEC Obtains Emergency Relief to Halt $191 Million Cattle Ponzi Scheme

Washington D.C., Dec. 14, 2023 —

The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, the appointment of a receiver, and other emergency relief to halt an ongoing $191 million cattle Ponzi scheme being perpetrated by Fort Worth, Texas company Agridime LLC, which claims to specialize in meat sales, distribution, and animal supply chain management, and its owners, Josh Link of Gilbert, Arizona, and Jed Wood of Fort Worth. The SEC alleges that the defendants diverted millions of dollars of investor funds to make Ponzi payments and to pay undisclosed sales commissions to themselves and others.

“The defendants enticed investors with guarantees that they could ‘make money raising cattle without having to do all the work,’ but as we allege in our complaint, their promises of annual returns of 15‑32 percent were, in the defendants’ own words, ‘too good to be true,’” said Eric Werner, Director of the SEC’s Fort Worth Regional Office.

According to the SEC’s complaint, filed on Dec. 11, 2023, in the U.S. District Court for the Northern District of Texas and unsealed on Dec. 13, the defendants have raised at least $191 million from more than 2,100 investors in at least 15 states by offering and selling investments related to the supposed purchase and sale of cattle. The defendants told investors that Agridime would use their funds to acquire, feed, and raise cattle on its network of ranches, and investors would help provide “fellow Americans with the highest quality farm fresh beef available.” However, as alleged in the complaint, the defendants did not purchase nearly enough cattle or generate sufficient revenues from cattle operations to deliver the promised returns. Instead, the complaint alleges that, since December 2022, the defendants have used at least $58 million of new investor funds to make Ponzi payments to prior investors and more than $11 million to pay undisclosed sales commissions to Wood, Link, Link’s wife, and other Agridime sales representatives.

The SEC’s complaint charges the defendants with violating the antifraud and registration provisions of the federal securities laws. In addition to the emergency relief granted by the Court, the SEC is seeking preliminary and permanent injunctions, disgorgement, prejudgment interest, civil penalties, and officer and-director bars against Link and Wood. The court has scheduled a hearing for Dec. 20, 2023 on the SEC’s motion for a preliminary injunction.
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~$2/lb on the hoof for ~600lb steers right off the ranch/grass/pasture

Mango · Dec 16, 2023

Buck Turgidson said: ↑

~$2/lb on the hoof for ~600lb steers right off the ranch/grass/pasture
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Does Angus mix get a premium or all the same to Buyers?

Buck Turgidson · Dec 16, 2023

Mango said: ↑

Does Angus mix get a premium or all the same to Buyers?
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Sure. The buyers know what to look for.

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