Right now the focus of all grower investors in Timbercorp needs...

  1. 11 Posts.
    Right now the focus of all grower investors in Timbercorp needs to be the implementation, under the Corporations Act, of a temporary RE to take over the management of the eixsting projects.

    Pressure should be put on ASIC and the government to step in a appoint a manager to protect the interest of growers, regardless of what the administrator do.

    There is a 20 plus year lease on the assets and trust documentation stipulates that assets can only be sold on a lease back arrangement thus the reason why Timbercorp failed to secure a purchaser for the assets in the first place.

    If you are a grower, send me an email, I have a prepared letter you can send to ASIC and the minister Mr Nick Sherry to demand action.
 
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