GTP 0.00% 12.0¢ great southern limited

new deal, page-6

  1. 509 Posts.
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    The Independent Directors and advisors,KPMG, must have a hard time justifying recommending the original deal and then turning around and recommending the current proposal that looks like doubling the return for growers.I wonder how they sleep.
    But the deal still stinks and anyone would be crazy to give up the trees/cattle for shares in this company.Why would you when wood chip prices are finally moving north?And the dilution and questionable asset values make GTP a risky investment anyway.Not to mention the management that has totally destroyed the value due to outrageous expenses (have you seen the salaries?) and a model that just didn't work because of costs and poor viticulture practices.This whole exercise, in my opnion, is about survival for GTP and the over paid executives.
    Please tell me where any future sales will come from.
    Hold onto your trees and cows because GTP has to continue to maintain our projects and lease us their land.That will hurt.
 
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Currently unlisted public company.

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