Ann: Extension of Voluntary Suspension, page-121

Good points Trav, I think I pointed out in a previous post that this is like a prisoners dilemma type situation: https://en.wikipedia.org/wiki/Prisoner's_dilemma

Basically put option exercises -> Liquidity Squeeze -> VA everyone looses to various degrees;

Bondholders call in default -> VA no one looks after trees everyone looses to various degrees;


I also wonder if any of the sophisticated investors stumped up some cash for plantation investment this time? I understand that they would be basically throwing good money after bad but the sunk cost bias is fairly strong even at this level.

Boz