black tree offer for 2007/2008 projects, page-3

Hello Ed, I agree with you. The proposal is far too complicated and I'll lay odds that there is fine print somehwere in it, whereby we still lose our money. But this is a guess, not a fact.

The fact though is that it's opportunism by Black Tree. I resent that. So I too will vote no.

Does anyone have any comments on the DS Legal proposal. Where do they expect to recover funds from. Great Southern is broke. Also what is a retainer? is that to cover all legal costs or just a signature fee, and legal fees are on top of it. I don't mind subscribing to a fund that puts the Directors of Great Southern in jail, but not to a fund that just makes money for lawyers, whom I regard as the pits, but slightly higher than ASIC.