REceived a letter that the administrators Ferrier Hodgson that further investigations will be needed in relation to the company trading whilst INSOLVENT.They ,FH have indicated FURTHER investigations will be carried out into Project Transform and the fact that Great Southern Limited provided fiancial incentives to SOME investors by way of reducing the interest rate and other terms of LOANS in order to encourage them to CHANGE their vote in FAVOUR of project Transform.
It goes on to say,the acquisition of the loan book of Great Southern Finance Pty .Ltd by Javelin Asset Management a company associated with former Director John Young for $0.38 in the dollar is also being investigated.
the full blurb can be found on Ferrier Hodson web site
I have asked before and adnauseum I am now demanding a full forensic and a royal commission into this,
If this was a Trade union and the elected bearers carried on like this you would have every government agency investigating,
Oh,by the way what is Sterling Buntine of the cattle theft up too,I notice that the coppers have stopped and where are the tags that they were directed too?
One more thing VOTE NO TO THE GUNNS PROPOSAL,THE SCHEME IS DEAD,BUT THE TREES ARE STILL YOURS AND GROWING
GTP Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
