Zwu,because I was moderated using unintentionally a cr word Ihad explained what I beleive would be the scenario of taking your property rights off yuo as a tree hugger and the IMF action over the share non disclosure that can be viewd on the Gunns forum GNS. So,I try to xplain it again
1/ Recent articles in the press have indicated that Korda mentha as the secured creditor for the ANZ are proposing that the tree owners vote once again like we did for a new RE to sell the trees with the land,this is supposed to be entrain at this time,however we have not got any notice of it,only the press.
2/ As each of the 9 tree schemes have the secured creditor i.e.ANZ a rounded up figure of 30% holding on the trees themselves and this was testimont in the RE selection of Gunns,it would when the vote happens that it would get over the line,if previous voting was copied
3/ This will cause a tax event for the tree huggers,and I reckon an expense that has not been calculated in that we have broken the RE agreement with Gunns,remember the fee structure in Gunns prospectus.
4/The tree investors did NOT at any stage organise themselves to challenge Ferrier Hodgson as the administrator plced there by Camerom Rhodes.
5/The tree investors did NOT at any stage collectively challenge the supreme courts of each state in the Secured creditors creditals of Korda Mentha for the ANZ,especially after the meeting in Melbourne as to the validity of who is and it would still slim as it may be to challenge it.
6/IMF has taken a class action in regards to the cattle
7/As I stated in early postings the advisers are in the same boat as us,and I am not an adviser or accountant,just a blue collar worker and yet I see the taxation office erroniously blaming the advisers on poor decision making supposedly because of the 10% commission. I suggest that investors look at what they paid and see if 10% was reefed out of their tree money invested,it is my belief it was paid from a seperate entity in GSM and not from the investors.
8/Proffessional Investment Services (PIS) and I have no connection with this company in any form tried to get investors to pull together via Save Our Trees,again the investor sits on their hands and lets the few do it.
9/Early tree investors from anecdotal comments another forum suggest that they got some money but not all of it,and itis possible as Dr.Judith Ajani (re Hansard)was correct,you will be lucky to see 10% of your OWN money returned
So to readers,and I am also reaching TIM,FEA,Wilmont and the rest that to turn this vinegar taste that has been left in your mouth and very empty pockets,that to recover what you have lost and could possibly lose to purchase the land and trees at a heavliy discounted price andalso keep the farm in Australiann hands
What I have stated above might not be spot on ,but I reckon its in the paddock
cheers
GTP Price at posting:
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