Ann: Becoming a substantial holder , page-31

I don't think GNS will go under by the end of this month just because of the $55m either, but I reckon, if GNS can't fire sell its assets to meet the amount, it will probably be forced to mortgage a big chunk of lands to ANZ and have to pay a prohibitive interest rate, say above 10% p.a., just as GTP was forced to do so before the collapse.