Even if it was a cut and paste it opens up a wider debate for...

Even if it was a cut and paste it opens up a wider debate for the future. If you are:

1. A landowner who is considering a long lease to these schemes than you need to be assured that the RE will be in place and solvent at the end of the cycle. It may seem that under certain circumstances today you could grab the scheme assets if the lease is not honoured but I am sure you could be tied up in litigation if you do.

2. As A scheme investor you must again look to the ability of the RE surviving until completion whether or not your initial payment covered all costs to the conclusion upfront. It means your funds are not ring fenced it can be used as normal cash flow. The accounting treatment is one thing but if the whole thing requires on going sales to survive I wont be buying into it.

3. I noted the cattle grabs and was amazed that if a certain percentage voted in favour they got your cattle as well even if you opposed it. Couldn't believe it. I must say that this also has implications for investing or not investing in MIS.

4. What this is suggesting is that something structural will have to change for me to consider investing again.

Sorry don't have cattle scheme so cannot help there but definitely if you have such assets that were taken I would think seriously about getting on board and fighting.

thanks for the cut and paste anyway.