yes, it definitely appears that it was being run like a private...

yes, it definitely appears that it was being run like a private company.

The problem with just taking his trees back is that his contention that the trees are worth far in excess of the loan doesn't appear to be backed up by anyone willing to pay for them - they'll almost certainly have to pursue him for the balance.

If this is one of the loans that QIN sold to CBA with full recourse, then they'll have to find another $11m cash to cover it.