GTP 0.00% 12.0¢ great southern limited

so what's the answer?, page-2

  1. 3,438 Posts.
    DESPITE ANY AND ALL OBJECTIONS, WISHES, DEMANDS AND OPINIONS, IF PPPL OR GUNNS DON'T GET IN YOUR INVESTMENT IS LOST.

    All other considerations are secondary (or less).

    1/FH and a handful of creditors at the last meeting of 240 odd reps agree to liquidate

    2/A recent news article indicated that Gunns was prepared to pay the club $650mil for the land and Gunns estimates $160mil to clean up the and get the plantations back in order,also it is prepared to pay $12mil for plant and machinary

    3/PPPL had indicated they would not pay the banks ,but FH

    4/The banks wanted to reduce the quota of votes below 50%,now why was that?

    Was that because GTP had subsidary companies salted away in every tree scheme that was promoted each year?,case in point is a participant that is making a class action from S.A.on the special purpose company called Great Southern Export Company Pty.Ltd to acquire in 2004&05 the woodchip harvests for projects 1994&95.

    Do the the banks have this control on the companies that are salted in the tree schemes?,and if they do is it at a % of the individual in each tree scheme?,and what is that percentge.?

    5/If a company is liquidated,then why are not all the investors in ALL the schemes not voting for or against this process,---It is most stange indeed,cosidering that we other investors have the capability to throw a line to these investors who own the tree or crops on the leased land.

    6/This let us hurry it up,where as before it was a relaxed $5mil a month walk in the park,let's me think things are afoot and something -speculation only is about to come to light.

    7/What is the time line after the vote on stutuory limit to have to say it is liquidated?--90 days

    8/What happens to the trees if the vote falls?,and no R.E.?, what can the club bank do?,the schemes gone

    9/Me myself would only vote for Gunns if I was heavily invested in Gunns other plantations or shares,and or the club bank shares,and it would have to be my super to do that.

    That what Ireckon







 
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