my trees are 4yrs old how big are they?, page-31

Unfortunately I agree it will be highly unlikely the shareholders will see anything but now that GS is in administration the chances have improved. At $500 an hour the admistrators are only getting the same as Cameron Rhodes and Phil Butlin. If the administrators can stop the bleeding by cutting back on the excessive salaries then there might be some value left.

The trees projects do have some value left and should realise a return of sorts. There is a secure lease against the land which will see them reaching harvest. I am sure the administrators will call meetings for the various projects over the coming months to go through the possible alternatives. If they do a good job most investors won't know much difference.

The horticultural projects should do OK also. The manager is entitled to a significant (approximtely 50%) percentage of harvst proceeds which I am sure is going to be attractive to potential operators. Again I don't see horticultural investors being any worse off than if they were managed by GSP.

The death of this company, like many before it, is due to cashflow (lack of) which was brought about by unserviceable debt levels (resulting from poor decisions made by excessively paid managers). It is probably in the creditors best interests to maintain GS as an operational company administrating the schemes through to completion and immediately cutting back on costs by killing off the big exec salaries and excesses of the previous management. They will realise that if they want to unlock the wealth that this company has locked up in its asset base they will have to deal with the scheme holders, they still hold some power. Also managing the sale of these assets will take years and years