heavily shorted, page-6

Not really correct Levin.Any purchaser of the land ,should/when GTP go bellyup, has land with a lease attached from the Manager of our timber.This lease is not impacted by any sale.The grower has the upper hand and that is why GTP(or a receiver) CANNOT sell the land bank at the moment.So,the management of GTP has created this disgraceful proposal to get unencumbered land and the ability to flog the timber early.
But we,the grower,still have independent directors of our schemes whose responsibility it is to look after our interests.This will simply mean finding new managers.They are out there and are circling the corpse of GTP.Can't come to quick for me.Oh,just check at 16c how much you will get if you accept this offer.In most cases you will owe the tax department money.A nice return...NEGATIVE.
Say NO and be active.There surely is no choice.