GTP great southern limited

By GS's own admission, the 1994 and 1995 forestry projects were...

  1. SDE
    450 Posts.
    By GS's own admission, the 1994 and 1995 forestry projects were Ponzi schemes.

    Money from later projects was used to "top up" the returns for these earlier projects.

    According to GS, "the fact that yields from earlier plantation eucalypt projects were less than original expectations (ie 250 m3/ha) was generally known and documented within the industry from as early as 2002".


    http://www.asx.com.au/asxpdf/20090619/pdf/31j52chsv33jtr.pdf
 
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