TIM 0.00% 4.4¢ timbercorp limited

There is an article in today's AFR (p.45) titled "Angry...

  1. zwu
    2,411 Posts.
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    There is an article in today's AFR (p.45) titled "Angry investors question reason to pay".

    It quoted from Kacpherson & Kell lawyer Ron Willem as saying,

    "... It (GTP) really a Ponzi scheme, so it relied on new sales of projects each year to meet the ongoing liabilities of previous projects."
 
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