Olsen family seeks to retain ownershi...

Olsen family seeks to retain ownership of mill

There are 6 comments on the Oshkosh Northwestern story from Mar 3, 2009, titled Olsen family seeks to retain ownership of mill. In it, Oshkosh Northwestern reports that:

Members of the Olsen family are using a request for bankruptcy protection and other maneuvers in an attempt to retain ownership of the family's financially troubled grain business.

Join the discussion below, or Read more at Oshkosh Northwestern.

Olsens Mill Bankruptcy

UK

#1 Mar 3, 2009
Check this bloody bloke Paul Olsen and his Fraudulant and Bankrupt Olsen's Mill:

http://www.thecountrytoday.com/story-news.asp...

In an letter to Olsen's Mill employees and signed by Bankrupt and Fired Olsen's Mill owner Paul Olsen, "being put into involuntary Bankruptcy is part of our Financial Plan?

What?

Really?

Who is your finanacial advisor...Satan?

Paul Olsen is known the World over as the most Incompetent and Fraudulant Bloody Bloke!

The French lost WWII in about an hour, but the Frenchies will roll right over Olsen's Mill and the incompetent fraud of Paul Olsen and Liza Fritz!
Olsens Mill

Overland Park, KS

#2 Mar 3, 2009
http://www.thecountrytoday.com/story-news.asp...

The Wisconsin Ag Connection quoted Bankrupt and Disgraced Olsen's Mill owner Paul Olsen as saying at least three other Wisconsin ethanol plants will close before March 1st, 2009.

Hey Paul Olsen it's March 3rd, and you are the only Bankrupt and Incompetent Ethanol Plant in Wisconsin! Great job on running a one year old plant right into the toilet!

http://www.620wtmj.com/shows/charliesykes/152...
Bankrupt Olsens Mill

Ottawa, Canada

#3 Mar 8, 2009
Bankrupt and Fraudulant Olsens Mill to be Auctioned off on April 7th, 2009:

http://www.thenorthwestern.com/article/200903...
Olsens Mill

Houston, TX

#4 Mar 26, 2009
Here are some interesting facts:

Does the public know that the whole accounting staff quit Olsens Mill in April 2008 leaving just Liza Fritz as the only accountant at Olsens Mill? Also, seven more accountants were hired AND quit Olsens Mill since April 2008.

Wow, one would think that would have raised a red flag or something?

P.S. The auditor for Olsens Mill (for at least twenty years) quit Olsens Mill in April 2008 too.

Wow, one would think that would have raised a red flag or something?

Paul Olsen expects to get paid an additional $510,000 for executive management salaries, benefits and fees in the Renew Energy bankruptcy?

How much is Paul Olsen wanting for executive management salaries, benefits, and fees for also running his three-generations family business, Olsen's Mill, into the ground in an unbelievable and amazing tale of corporate Shenanigans and Shame?

Is Paul Olsen for Real?
Olsens Mill Fraud

UK

#5 Mar 27, 2009
If ethanol made so much sense, we wouldn't have to subsidize it with tens of billions of dollars every year, or mandate its consumption with the government putting a gun to the American Taxpayer's head.

Only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.

Listen to this whole video: Before spouting off about data and facts that you either do not understand; or chose to manipulate to subsidize your lifestyle at taxpayer expense:

&NR =1

Here is a correction you supporters need to start using:

12.5 billion gallons of capacity of the US ethanol industry as of 01/01/2009.

25% of capacity idled due to incompetence as billions of dollars a year in American Taxpayer subsidies isn't enough to support this scam on the American people as of 01/01/2009.

Thus only 9.4 billion gallons of capacity remains.

BUT, AND THIS IS VERY IMPORTANT TO YOU ETHANOL SCAMMERS:

We need to deduct AT LEAST 32% because of the reduced fuel mileage of ethanol compared to real gas.(but the 32% reflects e-85 and using 100% ethanol, as the 9.4 shows, would make it closer to 40%)

Thus, only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.

http://www.fuelgaugereport.com/index.asp

http://www.ethanolrfa.org/industry/statistics...

And, letís be honest, The beginning number of 12.5 is probably whack information, as for example,

(1) Bankrupt Renew Energy of Jefferson, Wisconsin claims to be the biofuels industry leader for innovation and efficiency...yet they are bankrupt. Whack

(2) bankrupt Renew Energy until this week claimed on their website and to their bank (owed $140 million with interest), The Town of Aztalan owed $38 million in taxpayer supported revenue bonds), investors, customers, venders, and even the government that they had the capacity of 130 million gallons per year.

BUT

in the court documents filed by bankrupt Renew Energy in federal court, Renew Energy UNDER OATH claims ONLY 110 million gallons of capacity per year:

http://www.thenorthwestern.com/assets/pdf/U01...

and

http://www.thenorthwestern.com/assets/pdf/U01...

What a sneaky little lie to obtain extra undeserved financing from not only its bank and taxpayer funded subsidies (revenue bonds). Sneaky too how Renew Energy took all reference to this "huge bolded lying statement of 130 million gallons" off its home page.

I am sure 20 million gallons of fake capacity a year adds fraudulently to the bottom line of the lying documents Renew Energy supplied to everyone in this clear example of yet another scam within the Ethanol Scam itself.
Olsens Mill Fraud

UK

#6 Mar 27, 2009
If ethanol made so much sense, we wouldn't have to subsidize it with tens of billions of dollars every year, or mandate its consumption with the government putting a gun to the American Taxpayer's head.

http://www.energytribune.com/articles.cfm...

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