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Recommended 3 times. 3 Recommend
2009-11-13 at 19:23

Buchanan bankrupt

By tbnewswatch.com
Thunder Bay TelevisionKeep informed with the Tb Television News hour Weekdays with Barry Third and Marjorie Dowhoshttp://www.tbtv.com

Buchanan Forest Products is officially bankrupt.

 The company which runs the wood harvesting operations for the Buchanan Group of Companies went into receivership in March of this year. Now a bankruptcy order has been made against the company. Documents from the Office of the Superintendent of Bankruptcy Canada show Buchanan Forest Products carrying total liabilities in excess of $43 million.

The largest secured creditor is the Toronto Dominion Bank. An official with the banks says it is owed in excess of $15.4 million. Imperial Oil is named as the largest unsecured creditor to the tune of $1.2 million. RNL Forestry, based out of Hurket is owed more than $823,000. Thunder Bay logging company Eagle Logging has a claim worth roughly $750,000 and Husky Oil is owed in excess of $645,000.

More than 200 unsecured creditors are named in the documents, including 12 municipalities and townships. Documents show the company has assets totalling $15.2 million.

Yves Fricot is legal counsel for Buchanan. He calls the bankruptcy the conclusion of a difficult receivership. Fricot added despite the name of the company, Buchanan Forest Products is a small part of the group's overall business holdings. Buchanan Forest Products is just one of roughly 20 companies that fall under the Buchanan Groups umbrella.

Fricot said once the lumber market turns around, Buchanan will resume operations under a new name.

TbNewsWatch.com

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DohNutz says:
Welllllll, the roots of some major problems with the forest products market in North America lie in the Free Trade Agreement and the US refusal to lift unfair import taxes on softwood imports originating from Canada. The FTA was intiated by a federal conservative administration under Mulrooney. The Chretien liberals blusterd and blowed but in reality did nothing to seriously change this situation. Then the Harper conservatives sold the industry out when they caved in to the US and "resolved" the softwood lumber issue.

Deregulation of the electricity markets was instituted by a provincial conservative government under Mike Harris, and the liberal government under McGuinty has done nothing to resolve the challenges this presented to the industry in Northern Ontario.

So, while I admit there are other market factors at play here (e.g. a high Canadian dollar, high fuel costs, and now, more recently a banking system reluctanct to free up credit)I do blame the politicians.
2009-11-18 at 20:04
extbayguy says:
Well Wolf,
I got my information with the 1,000 hours I have in the skies over the northern Ontario bush, and the 21 years I spent hunting and fishing those roads that drive through it. I have seen the "large live trees" that remain if you are talking about the few sticks of birch left. As a moose hunter I love the cuts so don't get me wrong, get mad and start throwing out hectare quotes. If you actually read my post I never stated one fact except that there are billions of dollars in this industry and they cut the forest to get it, so as far as getting one right it's kinda hard to judge. The point I made was that the forests are cut,, and I have never seen a full and thriving forest 5 years after it was cut, more like head high tag alders that would take you a day to walk 5 k through while navigating the massive skidder / tractor ruts.
I simply stated that the big guys are greedy, I don't know the man but I would put money down on a bet that his personal goal was not to employ thousands and make Ontario a shinny happy place to live. And the truth remains working class out of work, out of money, min wage jobs to support their families. He will be just fine, as with all of the other big guys. Buchanan is bankrupt, I don't think so,I would love to see some of his sort working as a greeter at Walmart.
2009-11-18 at 10:45
The Wolf says:
extbayguy - Where did you get your information the local coffee shop or a conversation with a stranger in a mall? You want to talk facts get them right. I have driven every highway from the Manitoba border to the Soo up to Sudbury and back along the Northern route hundreds of times with countless excursions form the main roads. I have done a lot of low level flying as well and seen first hand of the "buffer" you speak. There are some areas I will agree but it is not to the proportion you speak of and most of that was done by Great Lakes back in the 60s/70s/80s with no reforestation or current clear cutting laws in place. Clearcutting (which is what you are trying to make us think is happening) should not be confused with deforestation. Clearcuts only temporarily change
the vegetation type of a forest; within five to 10 years a new highly productive forest will
once again be growing. Deforestation describes areas that are deliberately removed from
the growing forest landbase for uses such as roads, buildings and agriculture.
The ministry no longer allows the kind of clearcut activity that results in a harvest block
entirely devoid of standing trees. Instead, some large live trees must remain within each
harvest block along with standing dead trees, patches of uncut forest and woody debris
which provide habitat for certain wildlife species. This will ensure that future forest
conditions better reflect the diversity of stand sizes and trees found naturally in the forest.


Ontario alone has over 75 million hectares of forested land in Ontario, only about 200,000 hectares are harvested each year. The most taken in the last 20 years was 212 in 2002.
2009-11-18 at 07:54
extbayguy says:
Greedy,
Oil, Banks, yes but I think more people should be looking at Buchanan as well. One must see Northern Ontario from the air to realize all of the bush you see driving the highways is a nice buffer blocking the truth. The forests are cut, the lowly working man is left to fend for himself, and to be PC herself, there are billions of $ out there from these resources and at the end of the day no matter how much it drives everyone bonkers the big boys will keep rolling. The truth hurts and I feel for all of the working men and women and their families, I hope most will find a way to get their own.
2009-11-18 at MIDNIGHT
kdpsg says:
LetgoAlready - you are correct; most of the company was build on the tailings and scrap of the publically funded forest products companies trying to shed old assets. Also, this went hand in hand with government welfare porgrams trying to keep the north going...

DohNutz and Everyone else - why do people blame the politicians?? The liberals, NDP, Conservatives - this is not their fault! Forestry is cyclical and Buchanan was not managed for the long term. Also, North America does not yield the demand for all of the forest product companies currently operating. Fact - the state of Maine can supply all of the US's current lumber demand - alone. This is market forces that drive these companies out of business.

BobGuy - you are very correct; Buchanan was on the brink of bankruptcy JUST prior to the $300 million coming back - the monies were almost solely used to service debt.

Buchanan or anyone else will not be able to bring back what once was...

2009-11-17 at 17:12
Letgoalready says:
I think if the people of the North would take a moment and look back at the history of the Buchanan Group, they will see that this is and always has been his way of doing business. Traditionally he has aquired companies on the brink and resurrected them under his "umbrella" of companies (who by the way are all seperate legal entities and therfore, not liable for each others debt). The government, slipping money into Bucky's pocket, has breathed a sigh of relief that the taxpayers are back to work and they can claim victory that they have kept the North and its forest industry limping along all the while allowing the forest industry to resume business in its antiquated and outdated practices.

So now we have Bucky funded by the taxpayer (oh, that's you and me) running his business his way, all the while gaining more and more control over the forests of the North. As usual, the business will run for a while, not without some down time, I might add. Inevitably, he will fail to pay his creditors (people who do business in good faith) all the while paying himself and his group of companies first. This will eventually catch up to him as it always does. He will, as history has shown, leave his creditors and his hard working employees holding the bag. He will then cry to the government (oh, agin that's you and me)to bail him out. After all, all he wants is to keep people working right? Really??? Who benefitted from this charade?

Let it go already. Buchanan has managed to squander money from hard working taxpayers time and time again. He keeps stringing the people of the North along. I say we stop this legal theivery. Stop Buchanan from gaining more control over the boreal forest allowing a change to happen within the forest industry. Change is the only way it will ever survive. Wake up and smell the coffee, its not working the way it is. If a corporation the size of Bowater, with all of its experience and resources can't survive, why would Buchanan be able to do it, especially when his motive is pure greed.
2009-11-17 at 11:58
DohNutz says:
People were pretty quick to jump on the liberals as a cause for the problems with the forest industry in Ontario - check the records, it was the current federal Conservatives who sold this industry down the river when they bent over to the US. The economic meltdown (caused by the US) simply put the final nails in the coffin. Our forest industry will recover from this but it will likely be very different from what we have had historically.
2009-11-17 at 07:48
Bobguy says:
Greenstoner, I am owed money. I'll be it not as much as some for sure. One thing I do know is that Ken did not do this to me on purpose. I know that what he did was to try and keep as many mills open and as many people employed as possible. Under the new lumber trade agreement mills were allocated quota based on prior years production. If anything Ken kept the mills going too long trying to keep his quota for the following year hoping the markets would rebound...we all know they didnt. As for the timing of the announcement, that is a decision made by Deloite, the receiver and I'm sure they didn't review Northern's production schedule. The $300 million returned by the SLA paid off the debts of the company at the time. I believe the company was close to bankruptcy right before the deal was signed...it was a lease on life. On the other hand, it was the perfect time for the banks to demand repayment of their loans.

People do have reasons to be emotional, but I wish they could be reasonable about their arguements. Once again I have to ask, how did Ken get so big? Everyone else ran away. Was he a difficult person to do business with? All successful business people are, otherwise they give away the farm and go out of business. Business is a struggle and hopefully each side keeps a balance, otherwise we end up complaining like we do about Abi/Bow when they get paid $130/hr for christmas shifts and then wonder why labour costs have to be addressed.
2009-11-16 at 22:14
laidoffmillguy says:
"quietman says:layedoffmillguy comments on the 80% tarrif money that came back. Where is that? I heard it was to the tune of over $300 million. I guess it's in the other pocket."


300 million?? out of 1 billion would mean Buchanan had 30% of the lumber market share in ALL of Canada. He had less than ten and that was leveraged on bank loans(line of credit) to keep running. Too many people here don't know the real facts.

2009-11-16 at 19:32
laidoffmillguy says:
Pawn. I realized I won't not get that severance a long time ago. Good jobs are hard to find, and I tried to go back to school but the sencond career program was underfunded and I was told to wait until Jan/10...so I took a job for $12 hr much less than the $25(+many benifits) I was making working for Ken. I would go back for the Buchanan group in a heartbeat when I worked for them things in my life were better.
2009-11-16 at 19:08
pawn says:
laidoffmillguy:
Looks like you are out of luck on the severance.

The same thing happened to Atikokan Forest Products and the employees never got theirs either.

I guess it could be a coincidence.
2009-11-16 at 17:34
The Wolf says:
I am one of the people affected by this and to be honest I am not sure how to feel. Originally I knew deep down that the day we walked out of work we were done for life and I would never see my full pension compensation nor would I get my 20 odd weeks of severance. By having that attitude I never sat back on EI waiting or hoping for the call back, so I am not or have not been counting on the money he owes me. Do I want it? Damn right, will I get it? Highly unlikely. Is it going to sink my life? No way.

Also I find the timing of this announcement odd, it comes exactly 2 years to the day the last production shift ran at Northernwoods (not including the 30 person call back to clear the yard of material for insurance purposes the following summer).

One thing I want to point out and am now kicking myself in the butt for was not agreeing with the Buchanan group back in 2004 and changing our retirement plan from a pension style to equal contribution RRSP, at least if we had done that I/we would of had a sizable chunk of cash in my/our names and not affected by his bankruptcy.

Do I hate or am I mad at Kenny? No. Is he a shifty/shady businessman? No just a businessman that is using the system the government has in place to allow this. Do I like it? No bloody way.

To my fellow union brothers and sisters please keep your head up and look for the future, there are breaks and change for the good out there go forth and search for it.
2009-11-16 at 17:15
laidoffmillguy says:
Ken Buchanan is not the enemy here, people. The TD bank is for pulling the loan prematurely. The TD bank is the ONLY person here that will make out better than anyone. Whatever they cannot recoup by selling of assets the will get paid in FULL in loan insurance. Sure Ken Buchanan will have some debt wipped clean, but it's at a heavy expense. As a former worker I am owed in excess of $20000 in severance and termination by Ken. For 40 years the Buchanan group of companies have expanded and created employement for thousands of people directly and many more indirectly and now that they are down(because of many reasons... Government mismanagement of the lumber tariff, greedy banks and big oil and the list goes on)the fact is that too many people assume that he has a secret stash of money somewhere and that reason why he went under was because he bought one too many ivory backscratchers... this simply is not true. most of the comments remind me of some of the people I worked with...crying during the good days as well as the bad. One of the only things I don't miss while I worked at on of Ken's mill's is the crybabies whining about anything. Ken Buchanan was a local Canadian operator and if he sells off all of his assets who do you think will buy them??? My first guess is the Chinese and I'm sure things will be better under there rule right? HA. I hope thing's get going again for Ken because his hard work and dedication deserve it.
2009-11-16 at 16:37
greenstoner says:
Bushwacked: Word on the street is that the money owed to Eagle has something to do with old Neenah wood that was delivered to the mill (but was never paid for). Amazing hey?
2009-11-16 at 16:35
karcat says:
This is what happens when you have a company that goes hand in hand with the stupid liberals that run this province , to the workers have to feel sorry for you , to bad there is no law that forces the employer to operate under a new name , should be forced to pay the workers first or send them to jail .
most likely has his money out of country so workers cant touch him legally , and you want more idiot liberals up here ???
2009-11-16 at 10:24
bushwacked says:
Is this new news??we know bfpl is done as a company.What does it mean for terracebay pulp?Eagle logging is owed money.For what??maybe rent???Last I checked, eagle logging had 2 employees.If they are owed 750000 then I must be owed that too!!That's RIDICULOUS.
2009-11-16 at 9:00 AM
exterracebayer says:
How sad is this for all of his former employees who worked for him despite his safety record and his reputation. They wanted to stay in the north and work and he was the only option.

I think its time for the govt to say no to "Bucky" and get him out of the industry and the north.

He has ruined enough lives already.
2009-11-16 at MIDNIGHT
quietman says:
A number of people are upset and there are many reasons. Yes Bucky employed many people for a number of years but lets not forget the unpleasantries. Contractors screwed with bad scales, workers let go who had seniority over people who stayed, promises made to contractors and workers that went unfulfilled. Eagle Logging was a company formed for the purpose of distancing BFPL from the striking Neenah workers who were still on strike when Ken bought (and what was the price on that?)Terrace Bay and to get the wood out of the bush. It was a shell game and to suggest that they are owed money is rediculous. layedoffmillguy comments on the 80% tarrif money that came back. Where is that? I heard it was to the tune of over $300 million. I guess it's in the other pocket.
2009-11-15 at 23:21
greenstoner says:
It is apparent that he does not owe you money Bobguy. I don't think anybody has accused Mr. Buchanan of intentionally setting out to destroy the families that he has. But destroying families is whjat he has accomplished. How can you morally support him walking away from the $43MM debt, just to start under a new (shell game) comany name, leaving the small town pain in his wake?
2009-11-15 at 21:45
Bobguy says:
My goodness. I cant believe we have the worst person in all of Canada living and operating a business in Thunder Bay. The nerve of that guy picking up the discarded mills and restarting them. Growing to be the largest employer of NWO. That guy even had the nerve to keep his mills running long after it was economicaly viable in order to keep his valuable employees. He did hold off paying severance so that he could have the cash to start back up when conditions improved. Wouldn't it have been nice if everyone had their job back rather than an extra $10k that the government would have taken half?

Not everything was perfect but people, please think of the motivation. Why would he purposely try to screw over all of his employees and suppliers. How is he better off now.

The plan was to hold off until the storm passed. Restart the mills, pay off the severances that still wanted them and go. And keep operating like he has for the last 3 decades, keeping people employed and suppliers in business. Unfortunatly the world market crashed, credit dried up, pulp prices fell and bankruptcy followed.

How much better is Abi/Bow doing? 6 Billion dollar debt, losing money, penny stock and unfunded pension. Too bad they wern't running the show eh? The only reason they are still operating is their largest creditor has too much invested they had to refinance the company because they couldnt afford to let them fail.
2009-11-15 at 20:35
kdpsg says:
tbay1 - great comment, I concur and could not have put it better! Also, add companies Buchanan Lumber/Pulp, ABM Marine, BDI, SW, etc, etc. The shell of the company thats left should be liquidated to pay all creditors... However, this will likely not happen uiunder curren CCA laws, but, I think its safe to say that the company is history. I think Mr. Fricot is just trying to give a glimmer of hope to the north...

Now, the rest of us (in the north) should focus energies on other sectors and bringing other business to the region and quit wasting time commenting on the forest industry...
2009-11-15 at 16:19
arjay says:
Yves Fricot in Thunder Bay North-- Ken Boshcoff in Thunder Bay South? i think they both have a lot to do with our economic disaster here in TBay. oh well, we'll give Ken his Pension and he'll dole out more GRANTS for Buchanan and their ilk!!! will we ever learn?
ARJAY
2009-11-15 at 14:00
bigdog says:
I support the Buchanan Mill Workers 100%, The company withheld their severance pay, and threatened that if they dared to collect it, the company would pull the plug. Well the workers waited in good faith and guess what, Buchanan pulled the plug anyways.
Now in a very cynical move the company had nominated representatives in both the Federal Liberal and Conservative political parties. What century do they think we are living in ? They must hope that the voters of Thunder Bay are really dumb.



2009-11-15 at NOON
mysterybuff says:
If Buchanan has other companies he operates, perhaps he could use those assets to pay all those loyal workers he had who got zilch when he shut down! My bet is he has most of his assets offshore!
2009-11-15 at 11:08
tbay1 says:
I have to chuckle at the list of creditors; it is bizzare to think that Eagle Logging is a creditor or RNL Forestry...again these are company's under the Buchanan umbrella; strange how they can be creditors when money flows from one hand to the next.

I enjoy the reality check by "greenstoner" and "realitycheck" and that is exactly what this is....it is time for Buchanan to move on and close his doors, and time for the province's sectariat to be encouraged by Minster Gravelle to attract new industry into this region.

Yves Fricot....you have to be kidding me, as the newly elected liberal official you shouldn't make statements that the "company will open up under a new name", when he owes people of this province millions of dollars, and as stated real people; you think this is morally and socially ok?

You may still be getting a pay check but thousands of people are out of work, EI has run out and we are demanding the province to force BFPL (and its collection of companies GWT, BFPL, Wawang, BNH, TBPI, MFP, Thunderpine, Wolverine, Greenforest, CCS, Forest Roads, Dubreul, Lucky Star Holdings, Dashwa, AFP, Finnway, Central News, Eagle Lake Logging etc.) to pay their severance and termination pay.

As the NDP stated, $80 milliuon dollars in provincial handouts, that is more than enough to cover the creditors, employees severance etc.

Yves Fricot become socially responsible for the people in your riding and aquire the funds required to pay the severance and termination pay for Mr. Buchanan's former employees.
2009-11-15 at 9:00 AM
RU Kidding Me says:
Hey folks It's called B-U-S-I-N-E-S-S Someone gets money Someone spends money. Money makes the world go 'round
2009-11-15 at 08:36
greenstoner says:
Laidoffmillguy: You probably wouldn't think it was so funny if you were one of the individuals that were owed money by Bucky. Of course he didn't want to go bankrupt - that isn't the issue. What is grossly the issue is the fact that he has been GIVEN millions of taxpayers dollars and can walk away from his debts and moral obligations, just to rename one of his offspring companies to start again. Then on top of it all, his talking head Fricot, has the nerve to just laugh it off. Real people who have invested their money (the ones sitting beside you at the hockey rink)will not be paid back money owing to them from this sleazey outfit. How much have you invested Laidoffmillguy? Do you really have any idea of what is going on?
2009-11-14 at 20:54
laidoffmillguy says:
It's funny to read some of the comments here, Fact is over the past several years Ken Buchanan has dealt with a crippling unfair tariff in which he only got back 80%, high energy prices, high dollar and record low lumber prices. No surprise he filed for bankruptcy. This is business PEOPLE....Does anybody here actually think he had a choice on this or wanted to claim bankruptcy??? Nobody posting here has a real clue on what really happened. The real thing is that the banks and big oil are major contributers to this current economic downturn and now buck is leaving them holding the bag(TD, Imperial and Husky).
2009-11-14 at 19:33
realitycheck says:
fwguy, its not about GM or Dodge, neither have operations here in NW Ontario. Its about Buchanan, and the lives and communities he's crushed through bankruptcy. While bankruptcy protects the owners and secured creditors, it does nothing for the unsecured creditors who are effectively locked out of Buchanan operations and kept from recovering the lumber and other supplies in good faith, while the receiver continues to process raw products.

Next time Buchanan comes around, I am sure all those businesses who have been bilked out of millions of dollars, will demand cash only.

What Greenstoner is refering to (I think) is the fact that this morally corrupt business who walked away from $43 million dollars in debt (real money owed to real people) Ontario gave more and more forests, allowed Buchanan to cut without paying stumpage, ignored all of the other potential stakeholders who could have provided stewardship over Ontario's resources. In the end, the propping up of this company by Ontario didn't work, and everyone who demanded accountability must demand from the Minister of Natural Resources that Buchanan MUST play by the same rules as every other industry player.
2009-11-14 at 13:47
observer says:
So we are supposed to be surprised. This just affects one aspect of his companies.
Personally I believe he himself is living the high life, while many of his employees have lost everything. Like the saying goes " The rich get richer"
2009-11-14 at 13:37
bonrack says:
It's funny that the Buchanan Group only talks to the media when it benefits Them. If you notice over the years that the media will state 'Buchanan officials not available for comment'

We don't realize it today, but there is method to their madness. This is public knowledge (bankruptcy) ... but why is the Group making statements ???

I hope that TD seizes all their equipment, hauls it all to the states, just so Buchanan Group can buy it back at auction .....and haul it all back up north to open a new operation under a new name ... OH wait a minute .......
2009-11-14 at 11:37
Bobguy says:
I would like to know how many of the nay-sayers here are business people. Don't they see that the reason for the bankruptcy it the drastic and prolonged downturn in the forest industry. He hasn't articulated this durring good times just so he could get away with not paying his bills. Like any business, he is trying to hold on to what he has so he can try and get out of the hole at some point in time. Once again, I remind people to look at his past, he has rescued several mills from the brink of extinction as Abitibi, Domtar, Neenah and others have left the mills and their employees on the street.
2009-11-14 at 10:09
dale says:
Yves Fricot - did you really think that statement through........... If you think that the govrenment or any bank would touch this group of companies to restart that will never happen. Sign me up if he restarts so that I can invest in this group of companies that is socially responsible. His mills have been down for 2-3 years, no severance, ows more money than jimmy hoffa, take the management of the SFL away now. It is not socially responsible to issue an forest licences to this criminal.
2009-11-14 at 9:00 AM
greenstoner says:
I am aware that many companies go bankrupt while owing money. I don't know enough about GM Dodge to know if they had other business holdings that were taking in government money with one hand while shafting debtors with their other. Bucky is a lot closer to home and it makes me sick to see him get away with this crap. It makes me even sicker to think that his Liberal lawyer might be elected as a local representative.
2009-11-14 at 9:00 AM
northervoice says:
It disgusts me the Liberal government will allow it.But I guess when it's your buddy and contributer you would allow it.Uncle Buck forced many a private contacter into bankrupcy to sieze their assets.Now the tables are turned but he has the backing of his Liberal buddy's and all is well in the land of Uncle Buck.
2009-11-14 at 9:00 AM
Spartan says:
Yes, he will start under a new name, but he will still be a thief. I don't care that he owes the banks, they are bigger thieves then Kenny anyway. I thought(Ken)would have the integrity to pay severances to the hard workers that got him where he is, that is the sad part. He of all people that started from nothing and worked his way up, and then forgetting about the little guy, thats shameful. We just want what is owing to us, severances and our pensions (topped up) so we can move on with our lives.
2009-11-14 at 9:00 AM
Drayton Lad says:
Howard & Joe,ty, ty very much.The waiting is over for so many forestry and sawmill workers.They are no longer in Limbo as you "spat the words to Mike".Did you really think the weak could survive?When you hold a gun to someones head,you had better be prepared to pull the trigger!Stirring the pot,will only get you a final kick in the guts,but then thats what Howard wanted,definate answers,closure,well,are ya Happy now Howard and Joe??? Blind leading the blind!
2009-11-14 at 08:51
harpo says:
Ah, Mr. Fricot, a Lawyer and Political Candidate, admits it's okay to call your company one name and then when things start to go wrong ...change your name.Sounds similar to being a father.."dead beat dad"... who leaves his children, changes his name so that the LAW or the Government can't catch up with him and make him pay child support(ie:SEVERANCE,TERMINATION PAY)-Time to resign-YVES-being proud of taking from those who have worked all their lives is to me -DISCUSTING!!!!
2009-11-14 at 08:08
fwguy says:
greenstoner,how about you,do you think he's the only one that defaulted on money owed,how about GM Dodge and how many other countless companies
2009-11-13 at 23:07
fwguy says:
Nitesky>>>> you think he's the only one that ever did that.
2009-11-13 at 23:05
greenstoner says:
So now Bucky walks away owing $43 MM that will be forgotten. Meanwhile, like our friend Howie Hampton has pointed out, he continues to live at the public trough, pulling in all the government handouts he can arrange, all with the threat that his remaining companies (such as Terrace Bay Pulp) would otherwise shut down, resulting in more permanent job losses. And here comes his famous Liberal lawyer Fricot blatently admitting this shell game. Yeah, anybody that can get away with this kind of crap, us with our eyes wide open, deserves our vote for sure.
2009-11-13 at 20:48
Nitesky says:
"Fricot said once the lumber market turns around, Buchanan will resume operations under a new name."

"once the lumber market turns around, Buchanan will resume operations under a new name."

"Buchanan will resume operations under a new name."

"under a new name."

I am aghast!
2009-11-13 at 20:48
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