bri grower reports, page-5

Unfortunately there is a lot of debt at FEA so it is hard to see a return to shareholders. You must also take into account that there is a hidden debt in that MIS growers rank as secured creditors and ahead of ordinary shareholders. The growers will be able to claim against the company for loss of value related to their woodlots for FEA non completion of the terms of the PDS. This could run to $50m or more at a guess. I dont think a shareeholder law suit is feasible given the costs involved and the likelihood of return. Who would take on the case when there is no-one left to pay. Not IMF that is for sure.