This article from the U.K.,shows the world is watching and AAP...

This article from the U.K.,shows the world is watching and AAP reports to the U.S. also other countries,we as investors are mugs .-----------Article below-- P.S. have a look at the web site where this comes from,and note some familar name/s as advertisers and countries



Here we go again and the small investors are left holding the baby while the lawyers and accountants get their snouts in the trough for the remaining money that can be salvaged.
Great Southern's club banks - which include Commonwealth Bank of Australia, Australia and New Zealand Banking Group and Mizuho - met in Melbourne yesterday to nut out the best possible options regarding the varied proposals for the failed group's forestry assets.

According to The Australian Financial Review Great Southern receiver McGrathNicol is believed to have been there, too, passing along information on the three proposals from Gunns, Black Tree and Pulpwood Plantations, which are all keen on becoming a new responsible entity in some form or another.
Several other parties are believed to be interested in purchasing just the land, and still others may be partnering to do both.

No doubt growers will want this wrapped up as soon as possible, given McGrathNicol is tipped to be making about $1.5 million a fortnight.
However, sources say the receiver is hoping to have a grower meeting by Christmas and has already checked out venues.

Source: newsroom - meattradenewsdaily.co.uk


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