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"Material Banknote Order Reinstated"

Tyler Durden's picture


Another hint?

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP), announces that its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012.


Chadwick Wasilenkoff, Chairman, Chief Executive Officer and President of Fortress Paper, commented, "The recommencement of this previously delayed order will provide Landqart with momentum to realize additional orders and maximize operating efficiencies. This important order allows Landqart to better optimize the overall mill and should provide a meaningful contribution to its margins compared to recent quarters."


About Fortress Paper 


Fortress Paper operates internationally in three distinct business  segments: dissolving pulp, specialty papers and security paper products.  The Company operates its dissolving pulp business at the Fortress  Specialty Cellulose Mill located in Canada which is also in the process  of expanding into the renewable energy generation sector with the  construction of a cogeneration facility. The Company operates its  specialty papers business at the Dresden Mill located in Germany, where  it is a leading international producer of specialty non-woven wallpaper  base products. The Company operates its security paper products business  at the Landqart Mill located in Switzerland, where it produces  banknote, passport, visa and other brand protection and security papers,  and at its Fortress Optical Facility located in Canada, where it  manufacturers optically variable thin film material.

Well, if the chart of De La Rue is any indication of how banknote printers respond to potential European disintegration, it just may be that the best hedge to a VIX soaring to 80, aka "disorderly Grexit" as explained earlier by Citi, just may be TSX:FTP.

In the meantime, here is the swiss-security-paper complex of Lanqart:

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Fri, 06/08/2012 - 13:02 | 2507765 Bananamerican
Bananamerican's picture


Fri, 06/08/2012 - 13:05 | 2507774 eurusdog
eurusdog's picture

Quilted for your comfort. They are hope you won't notice that your ass is bleeding!

Fri, 06/08/2012 - 13:07 | 2507787 Ahmeexnal
Ahmeexnal's picture

New post-euro pesetas coming to your wallet!

Fri, 06/08/2012 - 13:10 | 2507801 achmachat
achmachat's picture

it says that the order was suspended in the fouth quarter of 2011.

The rumors about new bankotes during that time were the new Deutschmarks!

Fri, 06/08/2012 - 13:13 | 2507813 insanelysane
insanelysane's picture

That would make sense as the easiest way out of the Euro is for Germany to leave and then the remaining Euro participants can Ctrl-P to infinity.

Fri, 06/08/2012 - 13:21 | 2507847 Harlequin001
Harlequin001's picture

Roll out the barrow...

Fri, 06/08/2012 - 13:33 | 2507899 Manthong
Manthong's picture

Save the trees!

Save the ancient, old growth, pristine rain forest.

Where are the environmental whackos when you really need them.

Fri, 06/08/2012 - 13:37 | 2507910 sunaJ
sunaJ's picture



LandQart Notes.

Now 30% lighter - Less LandQart for your handcart.

Now made from 99% post-consumer content - We care so you don't have to.

LandQart's Deutchmark: The Choice of a New Generation (TM)

Fri, 06/08/2012 - 13:41 | 2507940 Colombian Gringo
Colombian Gringo's picture

To conclusively prove that the germans have a sense of  humor, the paper will be extra rough, to teach the Greeks why wiping with Euros is better than with Dreckmas.

Fri, 06/08/2012 - 15:46 | 2508402 krispkritter
krispkritter's picture

If we're gonna wipe with it, at least make it count by putting new faces on the bills. Start with Obama, Rumproy, Erkel, Stirkrazy, etc. Add in a Buffaloso, Geethner, and a Berspankme or two for shits and giggles...

Fri, 06/08/2012 - 15:58 | 2508454 Pinto Currency
Pinto Currency's picture


Doubt it's the new, new Deutsche mark.  Germany would keep that printing at home.

Fri, 06/08/2012 - 16:05 | 2508499 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's the new dollar, with Banana Ben's face!

Worth One Trillion Dollars!

Fri, 06/08/2012 - 17:23 | 2508806 resurger
resurger's picture

"Dump it All"

A. Hitler

Fri, 06/08/2012 - 17:58 | 2508916 The Alarmist
The Alarmist's picture

Nah, it was just invitations for the Queen's Jubilee that were cancelled in the name of going green.

Fri, 06/08/2012 - 23:22 | 2509558 markmotive
Fri, 06/08/2012 - 23:39 | 2509578 Oh regional Indian
Oh regional Indian's picture

unlike America, which only, usually fucks far away places, so the blowback is not felt locally (except MeheeKo, but you need those immigrantes), Germany does not have that luxury.

And will they suddenly collpase the relaxed Visa rules too? How? 

There is no uni-lateral solution to the Euro Crisis. And the olympics MUST happen.

So, all this is white-noise. Grist for the  mill.


Fri, 06/08/2012 - 16:02 | 2508482 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Fri, 06/08/2012 - 17:49 | 2508888 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1


Fri, 06/08/2012 - 13:37 | 2507926 Harlequin001
Harlequin001's picture

Yes, save the trees.

We could trade with sea shells... or something...

Fri, 06/08/2012 - 14:12 | 2508056 Manthong
Manthong's picture

I guess there are a few anti-environment, pro-paper types out there..

or maybe Heidelberg equity owners.

Without sound national economic management and a gold backed currency, a lot of poor trees will fall.

And what are the odds of that in Greece?

Fri, 06/08/2012 - 14:21 | 2508100 Fukushima Sam
Fukushima Sam's picture

Hemp is often used instead of wood pulp.

Fri, 06/08/2012 - 14:48 | 2508144 tocointhephrase
tocointhephrase's picture

Money grows on trees Bitchez! Oh and ty Benny Heli, got in this morning on a nice little order 4 tomorrow with the local dealer, Silver Britannias and a nice "Young Victoria" "Shield" FOR PEANUTZ, its a love hate relationship and with that FUCK YOU! I stand by yesterdays 1600 dollar by the close as his words mean JACK!

Edit: Plata gonna shatter this monetary matter! 

Double Edit: With Gold and the Dollar both in the "Green" again thats a double FUCK YOU BERNANKE! 

Fri, 06/08/2012 - 15:01 | 2508267 boogerbently
boogerbently's picture


You're right !

Forget investing in ink. The amount of printing needed will require FORESTS!!

Buy Boise-Cascade.

Fri, 06/08/2012 - 15:17 | 2508305 Manthong
Manthong's picture

“Hemp is often used instead of wood pulp.”

Hmm.. I’ve heard it said that printing fiat is a way to take paper and ink produce something that worth less than either.

Hemp could provide a way of changing that little fact..

a new meaning to have your savings go up in smoke.

Now what could you put in the ink?

Fri, 06/08/2012 - 15:44 | 2508409 krispkritter
krispkritter's picture

Tender Helping Care in every batch. Plenty Of That to go around...

Fri, 06/08/2012 - 21:56 | 2509454 mjcOH1
mjcOH1's picture

Now you're smoking Drachmas!

Sat, 06/09/2012 - 02:30 | 2509737 tenpanhandle
tenpanhandle's picture

They have  perfected the new time release ink.  Every 3 weeks another zero appears on the notes. 

Fri, 06/08/2012 - 14:53 | 2508240 brooklynlou
brooklynlou's picture

You use hemp with linen to make the notes last longer. If the stuff is viewed as disposable, you can just use whatever paper you got lying around ...

Sat, 06/09/2012 - 07:17 | 2509888 andrewp111
andrewp111's picture

Exactly. Drachmas will be printed on old newspaper, on one side only to save ink.

Sat, 06/09/2012 - 01:39 | 2509699 JeffB
JeffB's picture

How fitting. Up in smoke.


Fri, 06/08/2012 - 14:35 | 2508163 nonclaim
nonclaim's picture

Not sure how growing trees and storing carbon in paper format while planting more trees to keep the cycle going is "anti-environment"...

Fri, 06/08/2012 - 15:50 | 2508434 ChrisFromMorningside
ChrisFromMorningside's picture

Save a tree. Buy silver.

Fri, 06/08/2012 - 16:52 | 2508691 emersonreturn
emersonreturn's picture

manthong, yes, greece cut theirs years ago for the battle of marathon, this shall be ours.

Fri, 06/08/2012 - 14:26 | 2508050 GoinFawr
GoinFawr's picture

"Where are the environmental whackos...?"

Why they are behind the controls of their "Super Axe Hackers" felling four old growth Trufula trees with one smacker; four times as fast as before if you please, and viciously sodomizing the Lorax with a sickening smack on his knees, which simply everyone everyone Everyone needs! You dirty old Once-ler man you.


Fri, 06/08/2012 - 15:12 | 2508257 slewie the pi-rat
slewie the pi-rat's picture

tough audience, huh?

i didn't vote.  yet

if you get too many greens, i may hafta vote you down ...  L0L!!!

i'm tempted to do a dialogue which begins: 

herrow!  this is fowtwessPapew...  

(slewie takes phone):  madonna who?...  oh, her!  she wants to cash out now and run away with kyleBass?  fuking oprah!  at least we faded her and bought the futures

sure, the first half is already done;  we'll ship it monday and the rest in two weeks

of course american money!  whaddya kidding me...?  you know to whom you are speaking?  you just tell my materialGirlfriend the material0rder is in the mail, ok?  and g'BYE!

...   ...   ...   ...   ...

Fri, 06/08/2012 - 15:26 | 2508350 francis_sawyer
francis_sawyer's picture

Don't take any wooden nickles...

Fri, 06/08/2012 - 16:00 | 2508472 slewie the pi-rat
slewie the pi-rat's picture

i have many more wooden nickels than euros or swiss francs

it's dollars, BiCheZ! 

take it to the fuking bank, sawyer, you wooden-headed...   you're not tryiong to ride this out with the rupee Rya?

Fri, 06/08/2012 - 17:11 | 2508769 francis_sawyer
francis_sawyer's picture

Nope ~ ridin it out with 75% Cu 25% Ni ('46-'12) Jeffs...

Whatz a ruPEE?... A hot water bottle lookin thang that makes a farting sound if you sit on it?... We'd better conzult the ORI of delpi on dat...

Sat, 06/09/2012 - 07:46 | 2509916 andrewp111
andrewp111's picture

Thew USG does not use foreign printers. All dollar notes are made by the BEP itself on 14th street in Washington DC, and one satellite location.


This banknote order could be Euros. The ECB, or one of the NCB's could be preparing for a BANK RUN.

Sat, 06/09/2012 - 09:24 | 2509993 d edwards
d edwards's picture

Hey, maybe they're gonna print the New World Currency.

Fri, 06/08/2012 - 15:53 | 2508438 ChrisFromMorningside
ChrisFromMorningside's picture

Huh? Neither of you two make any sense ...

Fri, 06/08/2012 - 16:08 | 2508515 slewie the pi-rat
slewie the pi-rat's picture

here, you fuking asswipe!  stick with tyler's brand of friday afternoon humor if you prefer something to make sense: 

Well, if the chart of De La Rue is any indication of how banknote printers respond to potential European disintegration, it just may be that the best hedge to a VIX soaring to 80, aka "disorderly Grexit" as explained earlier by Citi, just may be TSX:FTP.

In the meantime, here is the swiss-security-paper complex of LanqartUfukingMORON!

Fri, 06/08/2012 - 17:51 | 2508897 potlatch
potlatch's picture

I'm here, what you need punk?

Fri, 06/08/2012 - 23:55 | 2509604 MeetTozter
MeetTozter's picture

The pulp plant is in Canada - the boreal forest is being stripped to get at the shale.

Sat, 06/09/2012 - 07:00 | 2509879 ncdirtdigger
ncdirtdigger's picture

the composition of most notes is 75% cotton, and 25% linen. No tree involved.

Fri, 06/08/2012 - 13:34 | 2507904 Jonas Parker
Jonas Parker's picture

I doubt that the Greeks would be buying 100% "rag" paper from a German company. An average "run" of specialized paper at a papermill is 100,000 lbs at a minimum. Looks like Deutchmarks to me.

Fri, 06/08/2012 - 13:35 | 2507913 Harlequin001
Harlequin001's picture

So they'd need two runs of paper to print enough Drachs to buy one?

sounds good...

Can't they use wooden beads or something? That must be cheaper...

Fri, 06/08/2012 - 14:04 | 2508021 Thisson
Thisson's picture

Let's look at the pros and cons of your suggestion.

Con: Harder to wipe with wooden beads then paper

Pro: Reusable!

Fri, 06/08/2012 - 22:36 | 2509498 mjcOH1
mjcOH1's picture

Corn cobs - the original fiat.   It's old-school though.   You can only grow so many cobs per year, which needlessly limits the inflation rate.

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