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Re: agribusiness72 post# 51290

Friday, 03/11/2016 12:41:16 PM

Friday, March 11, 2016 12:41:16 PM

Post# of 84332
Oh, I looked at what you posted and realized that I misunderstood the nature of the situation. I thought he got in trouble for getting an unauthorized loan FOR the company. Instead, he "borrowed" $3.5 million FROM the company??? lol Yep, that's stealing. The BOD probably tweaked the story just to allow him to save save in return for everything he did to build the company. What a stupid thing for him to do!

And then Schadel takes him on as an "advisor"...ROTFLMAO! Like you said, birds of a feather. Something about a $220,000 bonus in 3Q 2015 comes to mind. Maybe that was something Schadel was advised to do so that he couldn't get in trouble for pilfering company funds. Can't wait to see the 10K.