Ann: GNSPA - Conversion of FORESTS Notes , page-9

Interesting Joe,I just chery picked a recent article from TT-john Lawerence that has comments from Inside-Trader and an ASX reference as to exactly what the hybrid holders get with a formula that rings like Great Southern almost.

But if Gunns’ net assets are a negative $150 m counting the FORESTS as debt, this means that the first $150m of additional shareholder contributions will simply benefit the FOREST holders as a de facto donation from ordinary shareholders to FOREST shareholders.’