new strategy to get the nta of 20c, page-27

Strange that a trust which has promised it will be selling off properties for an eventual wind-up, is now saying it wants to generate market interest in its securities. Why?

Either what Ppup has said is correct, or this trust is in serious need of a rights issue.

I can't see Japan's real estate following the same recovery trajectory as Australia's, simply because their respective economies have greatly differing fundamentals. Coupled with the trust's enormous gearing (regardless of what covenant-free loans they may have), I can't yet bring myself to make an invesment in GJT - as much as I'd love to.

Even at this miniscule price, the chances of 100% wipeout are high, and I believe a lot of things have to go right for the optimism displayed by many participants on this thread to turn into reality.

[This is just my opinion. Please don't take it as advice.]