Isee Coogee's Martin has got an American hedgrfund to save the six schemes that the news article states that investors,who ever they are will sign their investment away to these intrpid entrepenuers--namely Phillip Butlin
Icould ramp,but I wont as there is less than 2 weeks before it is all gone and the legal cases will mean nothing.==================
US firm offers support for Great Southern rescue deal
Posted 7 hours 52 minutes ago
Map: Albany 6330
A US investment fund has thrown its support behind a rescue package for Great Southern's timber plantations.
Perth businessman Gordon Martin has come up with a $20 million proposal to growers in six plantation projects connected to the failed agribusiness via his company Pulpwood Plantations.
US investment firm Och-Ziff Capital Management Group has given in-principle agreement to 50 per cent of Pulpwood Plantations.
Mr Martin says the package has received substantial grower support and the agreement means Pulpwood could extend its offer to all 11 Great Southern plantation projects.
Tags: company-news, agribusiness, timber, albany-6330
Add to My Watchlist
What is My Watchlist?