GNS 0.00% 16.0¢ gunns limited

I am new to this forum and have similar holdings to cloudstreet...

  1. 26 Posts.
    I am new to this forum and have similar holdings to cloudstreet with a truckload of GNSPA.
    I have checked the Gunns website and can see no announcement regarding GNSPAQ distributions October 2011.
    While they have not said they will no distribute they also have not said they will. As I read the prospectus it appears that if they do not announce a distribution then that is that. I see no requirement for them to say they will not be distributing although I would have thought it common decency if they had made such a decision.
    Now at the closing auction on Friday (23 Sept.2011) the sellers took out buyers down to about $35 in the last few minutes. A massive fall. It looks like someone knows or thinks that GNS is "shot" and the hybrid is going to feel the full pain.
 
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