tree growers..., page-9

I rang on Tuesday and was told everything was in the solicitor's hands. On questioning what would happen if TIM went under. I was told trees were owned by growers. That some options could be, forestry would be brought taken over by another group and run as per normal, not sure what that would mean regarding fees etc. Another would could be that ASIC would be involved as it's an MIS so they may appoint a group to run out the vehicle.

Was told it's very, very, very messy and they had hoped to keep going. Was told that it was business as usual that all bills were being paid all timber, olive, nut cheques were being sent out.

Was told that a letter would be sent during first week of May, guess that's now over.

I asked about up coming fees/rent etc. Was told depends on whether or not they fall over and if someone takes over.

Asked what about liability to growers. Was told wait for solicitor's to sort it out. Now that's a bit scary, are we growers liable for anything other than losing out timber. Ie removal of trees and restoration of land. How about can the banks, do they have a case to recover losses from the owners of the trees etc???????????????