I'm also out. The good thing about GJT was that an LVR breach did not allow for loan repricing our an acceleration of the repayment date. It seems however that the banks have been able to manufacture a different default which carries some heavy consequences.
I don't mind the properties and even the current gearing level I was OK with at the current shareprice, but with an aggresive bank in control now this just go way to risky for even me.
GJT Price at posting:
6.1¢ Sentiment: ST Sell Disclosure: Not Held