GTP has the management contract and own the land.We,as growers, own the trees and have a lease until the trees are harvested.Should GTP have financial difficulties then a new manager will be appointed by the Directors of each of the trusts.This will not disadvantage any investor in the MIS products(and probably be a good thing) My information is that the GTP management is looking to sweeten the deal after an enormous negative back lash.The Independent Directors (try Steven Cole)cannot possibly recommend this proposal in any form without risking legal action. Growers must be better off to hold the trees and cows.Shareholders (poor things) can attack the competance of the directors and management as potential funding issues and lack of future business provide doubt over the companies viability.
GTP Price at posting:
42.5¢ Sentiment: Sell Disclosure: Held
