anyone watching this now, page-12

Thanks for that mate. Very interesting.

As I said on another GJT thread - they remain profitable, have cash flow, and - relative to some of the highly leveraged REITs out there, GJT was "vanilla". It was a very traditonally structured REIT without anything like a funds management arm, or a property development arm or obscene gearing etc etc etc. But the Japanese banks are playing hard ball, and GJT has suffered accordingly. ALl spare cash is being trapped and they are in a real cash flow bind.

It will be interesting to see what happens from here over the next 6 months.

Coop