Maybe it is time for TimberCorp to attempt a conversion of MIS investors interests into equity, a la Great Southern's "Project Transform"? You know, unencumber their land, take the MIS's investors cash flow for themselves, etc..............
Perhaps at say, a similar discount to what the mugs at GS were offered, say 80%. If those mugs who accepted GS's offer sell up now, they'll lose even more money when they come to pay their tax.
Are TIM's MIS investors any more sophisticated than Great Southern's?
But then again, you can fool some of the people all the time!
TIM Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
