anyone remember a name?, page-7

This report in The Australian is interesting, especially the final paragraph and moreso the final sentence.

Meanwhile, a group of banks owed over $400 million has already put more than $20m into the schemes since Great Southern collapsed on May 18, in order to keep the timber schemes going and maximise eventual returns. The group would prefer to wind up the schemes as soon as possible but the first mortgage holder over more than 100,000 hectares of plantations is the managed investment schemes, which own the trees.

http://www.theaustralian.com.au/simpler-solution-looms-for-great-southern-investors/story-e6frg8zx-1225803957125?from=public_rss

Not quite sure that the first mortgage holder over more than 100,000 hectares of plantations is the MIS's.

Does anyone else share The Australian's view?