TIM 0.00% 4.4¢ timbercorp limited

In the early stages of receivership, the receiver advised that...

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    In the early stages of receivership, the receiver advised that the charge over grower loans should be sufficient to secure the repayment of the bonds.
    On discovering that interest has not been paid since last June,I did a search and find that at Sept., there were not sufficient funds available to pay interest and that the bonds could not be repaid by March 2010.
    Did any other bond holders receive that advice or are we expected to keep a watch on the liquidator's website?
    If there is not enough to pay interest, it doesn't bode well
    for repayment of the principal.
    Any thoughts out there?
    Pargolf
 
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