Monetize working capital
They are planning to preserve and monetize working capitalaccording to the news release.I think they had 27 m in cash in their last report. If BAC was their major Customer then could the payables being claimed run into tens of millions?Any ideas anyone?Sounds like there will be some serious litigation ahead If this is the case it would be difficult to sell or liquidate. Also without their major Customer are they still producing fertilizer at their plants or are they idled? Agriums position puzzles me.Will they treat their position as too insignificant to worry about or will they start flexing their muscle and dictating the terms like the major shareholder that it is? With the ex ceo and Agrium both holding about 20% it will certainly be interesting.