note sale of part (best? or worst?) account debt receivables due...

note sale of part (best? or worst?) account debt receivables due to gtp for 38 cents in the dollar, with 11.11% of these proceeds deferred to 30/9/09 and this balance is not payable to gtp if the sold loans have not (100% ??) performed.

note 5 point plan item 1

note the asx market has been paying est. 17 cents in the dollar for gtp trees3 and trees2 (gtpga and gtpgb)asx listed debt due from gtp. and at one stage was only paying 10 cents.

note deferral? (defaulting?) on coupon payments due to holders from gtp on 30 april on trees3 and most probable defaulting on trees 2 coupons due on 30 april.

note also write off of cattle related income previously brought promptly to account though it related to future service in periods which is no longer to be performed.

(no doubt there will possibly shortly be an announcement of auditor resignation as an outcome of shareholders (and trees note holders) having been provided with accounts prepared by management and directors who chose to use such accounting practices).

would it not be more correct to restate past accounts and then the present years accounts being prepared could be more truthful and fair.?

does anyone have an update on the possible dennis and co class action which has been flagged
or
on details on any (possible ?) asic (asx?)review on the position of former cattle project investors who no longer have cattle investments but still supposedly have the debts incurred in buying those investments.

position in gtpga and gtpgb only - zero gtp.