The announcement said,
"The central component of Project Transform is a series of proposed transactions whereby project investors in Great Southern�s 1998 to 2003 pulpwood projects and 2006 and 2007 Beef Cattle projects will be offered shares in the company in exchange for their MIS project interests.
"The number of shares to be offered is based on the total current value of the MIS project interests, calculated at $438.1 million at a share issue price of $1.10. ..."
Wow, only $438.1 m of "the total current value of the MIS project interests"!
GTP used to boast having over $2B in value of MIS projects under control ... In the 9 months ending June this year alone GTP had MIS sales of $300m!
Where has the money gone? Only a fraction left to all the investors?!!!!
restructuring
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