TIM 0.00% 4.4¢ timbercorp limited

screw the mis investors

  1. SDE
    450 Posts.
    Maybe TIM should institute a "Project Transform" style transaction that GTP managed to do a few months ago.

    Change MIS investors interests into equity at a 400% premium to SP, unencumber the land, sell the forest and agricultural produce and keep the cash.

    Should keep TIM's execs employed for another few months at least.

    Should have no problems getting a major accounting house to produce an independent expert report to say it's fair and reasonable and get it past ASIC
 
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