gunns, page-4

Whitelight you are correct in stating that you are not happy.Investors need to see what the average payment is to the investors in timbercorp($198mil divided by 10500 investors)average payment ,less than $20,000.

Then ,Gunns,the enviromental bandits of Tasmania miss Timbercorp(supposedly),Gunns had put conditions on their bid for timbercorp.Now make this statement.

TAKE NOTE---- The sentence says QUOTE[developing a proposal for consideration BY GROWERS to replace.]


The receivers for the banks and the maladminstrator have never informed me of my inclusion ,except to say after the event this is what it is

The Gunns announcement is below:



Gunns Limited ("Gunns") advises that it has entered discussions with the Receivers of Great Southern Managers Australia Limited (Administrators Appointed) (Receivers and Managers Appointed) ("GSMAL") and is currently developing a proposal for consideration by growers to replace GSMAL as responsible entity of certain forestry managed investment schemes.

Gunns is Australia's largest fully integrated hardwood-based forest products company. Gunns has established 15 managed investment schemes in wood, wine grapes and walnuts with approximately $620 million of funds under management and currently manages over 300,000 hectares of forestry assets (including 104,840 hectares of forestry MIS projects).