TIM 0.00% 4.4¢ timbercorp limited

will shareholders get any money back, page-6

  1. 1,879 Posts.
    Bootylicious - that's what I've been thinking.

    By the way; TIM possesses a very complex structure with plenty of 'Corporation Law' restrictions. If assets sale didn't cover 50-70% of TIM loan borrowed from Banks, what would be a point to sell assets for peanuts? (Current market is cruel). Perhaps some banks would have a satisfaction, they contributed to the collapse of one more company. Here we are – smart management’s step: go into VA (not so smart in managing business activities). Further more, long period of uncertainty would hurt farmers who already face some difficulties (many of them suffer from depression).

    NJ
 
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Currently unlisted public company.

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