This company is an absolute disgrace.They have bought themselves...

This company is an absolute disgrace.

They have bought themselves some time with the amazing deal (amazing for GTP) that they mugged their investors with, and they dont have the exposure to non-forestry horticultural MIS that sank TIM so fast but they do share one thing with TIM.

The company is being run largely with the interests of the management and principals in mind rather than all the minority shareholder and investors who for one reason or another got caught up in the wreckage.

The former government had the opportunity to make this agricultural branch of the MIS industry legitimate by introducing compulsory listing of the units and thus via a liquidity mechanism cause there to be transparency in the products.

In the old vernacular its called price discovery.

But they didn't do it - the Tax Office case to shut it all down failed as well and now we have the worst of all possible worlds.

Hopefully some wisdom will prevail to not cause the baby (which is a mechanism to introduce risk capital to agricultural production) with the bathwater (which is a system devoid of market pricing pressure or market analysis or full transparency in the ongoing performance of the products such that investors AND external observers could know the relative value and performance of the various products and promoters.