fourenth got a reply ppi , page-2

KEEP AWAY FROM PPPL AND BUTLINS PET MATE


Forenth


Join Date: Nov 2008
Posts: 85 Re: GTP - Great Southern Plantations

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I got an answer from PPPL today:

"Thank you for your enquiry below. In answer to your questions, I can confirm that the PPPL proposal will replace any dollar funding potentially applied by the Receivers from the date on which PPPL assumes the management responsibility. Naturally, any funding applied by the Receivers between the period of the 18th May 2009 (their appointment date) and the date on which PPPL assumes responsibility could potentially be recouped by the Receivers on harvest, if it complies with the court ruling in regards to the lien.

PPPL's fee in relation to the 2000 Plantation Project will be an additional 15% of NET harvest proceeds (ie of the amount to be distributed to growers). The existing 5.5% inherent in the project will still be payable to GSMAL.

Harvesting schedules are determined by a combination of factors including the seasons, seasonal conditions, work scheduling with contractors and chipping, stock pile and vessel scheduling at the port, therefore we are notable to give you an exact date as yet with regards to the harvesting of the 2000 plantations, but due to its very large size, we would imagine that it would take place over a couple of years commencing sometime year, with interim distributions made to growers over this period."

So, PPPL envisage that the 2000 project won't be harvested completely for a number of years, and total fees will be 20.5% of what's left after costs. Perhaps it will be the best offer but I wonder what/if Gunns and others will come up with?

From Shadow========

The Shadow


Join Date: May 2009
Posts: 19 Re: GTP - Great Southern Plantations

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This is another wrought concocted by Mr Butlin and his GS cronies. He has sold this to PPPL and the GS Investors will pay again if this goes ahead.

Remember that previous GS harvests have incurred Harvesting costs totalling upto 60% of the Gross Harvest Proceeds. Now add the 20.5% that PPPL will be taking and there wont be much left for the Growers!!!!

Lets hope like hell that there is other deals to be put to the growers cause this deal in its current form does little to help the growers....but alot to help Butlin & Co.


AND FURTHER MORE!!!!!!!!!

pist'n broke
Murphy was an optimist


Join Date: Feb 2009
Location: SA
Posts: 19 Re: GTP - Great Southern Plantations

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Quote:
Originally Posted by Forenth
After 3 days I got a reply, but from my own mail server:

"Unable to deliver message to the following recipients, due to being unable to connect successfully to the destination mail server."

Maybe they don't want any questions. So where's the offer, their website is still blank about it.


I contacted PPPL via their web site on Monday, got an answer within hours.

Correspondence copied here:

-----Original Message-----
Sent: Monday, 17 August 2009 9:46 AM
To: Pulpwood Plantations Web Form
Subject: [Pulpwood Plantations] Message from the website
Type: Grower
Are you guys serious?
I see Mr. Butlin is on your board. From that I can only conclude this is
another attempted grower rip-off in the grand style of 'Project Transform'.
He and his GS mates should be in jail.
Bloody NO in all counts from me (Gxxxxx) and my wife (Gyyyyy) while any
former GS executive is involved in any way.
Regards


------Answer from PPPT:-------
Thank you for your email below. We respect your position in relation to the
involvement of Mr Butlin, however, it is important to point out that without
the knowledge and experience provided by Mr Butlin to Pulpwood Plantations,
Mr Gordon Martin (Chairman) has said that he would not have got to the
position of being able to put forward the proposal to growers. Due to the
extreme complexities in the structure of these schemes, it is critical for
any potential replacement Responsible Entity and Manager to have specific
knowledge on the MIS structures, forestry management and the history and
structure of these specific projects, hence the appointment of Mr Butlin.
In our opinion it is unlikely that any offers to growers will be made
without the involvement of some of the previous Great Southern executives
for the reasons outlined above. Nevertheless, this is purely an offer that
each and every grower has the right to accept or reject, should a meeting be
convened to formally put the proposal forward. Under the Corporations Law
the required percentages must be achieved at those meetings to allow the
proposal to be implemented.
Naturally, you will form your own conclusions in relation to the proposal,
but we would like to highlight that this is a genuine offer that will see
these projects through to harvest. Gordon Martin is a well respected
businessman who has had no previous involvement in Great Southern and is
funding the majority of the capital requirements necessary to fulfil this
proposal. Pulpwood Plantations is not currently considering purchasing the
land on which the trees sit and so there is no other reason for Pulpwood
Plantations to put this proposal to growers, other than to ensure they
continue to harvest, being the only time that Pulpwood Plantations receives
revenue (as a share of net harvest proceeds) from its capital investment.
Should we be able to assist you with any further information or
clarification, please do not hesitate to reply to this email.
Kind regards
Pulpwood Plantations Pty Ltd