On May 18, 6:30 am, sir.jpturc...@neuf.fr wrote:
> On May 17, 8:23 pm, kangarooistan  wrote:
>
> Thank  you so much for the update, dear Mr Kanga.

We can only warn them mate

the EVIL slimmy little creeps dont want us to warn the sheeple

BUT the facts are not altered by those wishing to hide from reality
mate

NOTHING can save Australians from paying for the slimy little creeps
crimes in full

Until they are ALL arrested GOD will continue to punish them

kanga
======

Great Southern investors face big losses EXACTLY as kanga warned YEARS
ago

Guess who is NEXT

Posted 3 hours 42 minutes ago
Updated 1 hour 56 minutes ago
Great Southern offered investment plans in agricultural projects [file
photo]

Ferrier Hodgson has been appointed voluntary administrator of the
failed agribusiness specialist, which manages 45 schemes on behalf of
43,000 investors from which it has raised $1.8 billion in the last
five years.

Great Southern shares were suspended from trade on May 11. It had a
last sale price of 12¢ a share — a fraction of the $5-a-share the
stock commanded in March 2005. It holds interest-bearing debt of $785
million, of which $105 million had to refinanced by October.
http://business.watoday.com.au/business/great-southern-another-to-take-mis-hit-20090517-b7dp.html
    * Audio: Rural investment scheme goes belly up (AM)
    * Map: Melbourne 3000

Administrators are contacting tens of thousands of investors after the
collapse of Australia's biggest agricultural investment scheme
manager.

Over  40,000 investors with  Perth-based Great Southern are facing big
losses after the appointment of administrators to the debt-laden
company.

Great Southern offered investment  in forestry, cattle and
agricultural projects on  millions of  hectares of land across
Australia.

The company has about $700 million in debt. but up to  4 billion
investment seems doomed and little hope of any return at all is
expected EXACTLY as kanga warned years ago

But with market turmoil increasing uncertainty in managed investment
schemes, the company has struggled to generate short-term cash flow.

Its problems intensified with the recent collapse of rival Timbercorp,
which has made banks even more cautious about extending funds to
agricultural managed investments.

No Australian farm sector makes a commercial return , the entire
sector is a black hole with a glossy prospectus

ANYBODY who can count could see that no rural investment in Australia
is worth investing in at the prices of recent years they could NEVER
ever make a profit as yet ANOTHER 43,000 sheeple discovered ,

Despite trying to convince its banks that it had a plan to generate
funds through asset sales, the banks have refused to lend Great
Southern any more money.

Shareholders and investors wont see a cent IMHO , Genuine farmers were
ALL DRIVEN out years ago by the SCAMMERS and now there is none left to
carry on REAL farming for REAL returns producing REAL primary produce


Great Southern is listed on the Australian Stock Exchange with a total
market value of about $77 million dollars

The Australian Shareholders Association's chief executive, Stuart
Wilson, has told the ABC's AM program that he is pessimistic about the
prospect of returns to investors.

"It's a very serious situation for those who have invested;

anyone who has invested in the company itself is likely to lose all of
their investment, and there's a good chance that investors in the
funds are not going to see much return either," he said.

Investors in the funds generally have priority in getting some of
their money back ahead of shareholders according to company law, and
Administrators Ferrier Hodgson will hold the first creditors meeting
next week in Melbourne where investors should get an early idea about
how much return they might see.



"I think that the ultimate collapse of these types of companies has
been because it has always been considered to be a bit of a tax
dodge," he said.

"You can reduce your capital gains tax by investing in some of these
things but, with the market downturn, no one has had tax to dodge so
it has been a fairly unsustainable business model."

He says the federal Government must step in to limit the amount of
commissions that can be charged by fund managers.

"Well, we have always had a view that a commission based pay structure
for financial planners is flawed - it turns them into product salesmen
and, when you get the likes of Southern, you get six, seven, eight per
cent of the investment money being paid to advisors and clearly that
is unsustainable," he said.

"It will provide a further reason why the regulator and the Government
need to look at commissions in general and, in particular, any
commission that is over two or three per cent should be in the firing
line."

Local effects

Great Southern employs about 70 people in south-west Victoria to
manage blue gum plantations.

Timber industry analyst Robert Eastment, from Industry Edge, says that
part of the business may be able to continue.

"If they can find buyers in Japan or overseas or even locally, then
those trees will continue to be processed," he said.

"And so on that side of things I wouldn't say that there's going to be
many jobs affected."

Mr Eastment says the collapse is not surprising.

"Great Southern, to their credit, suspended trading on the stock
exchange, would've been 10 days ago, and they said 'look we're trying
to reorganise our financing'," he said.

"They tried to get the bottom line more secure so that was to their
credit they did that. It's not a surprise but I think a lot of people
hoped it wasn't going to happen."
http://www.abc.net.au/news/stories/2009/05/18/2573087.htm?section=business
>
> It confirms to me that the Mining & Political Criminals will not get
> away with their abominable Crimes !
>
> When the sheeeple will have their backt to the wall soon, they will
> start to ask question as to how such situation has developed itself !
>
> Not release of the DDD anyway and I am more intent on seeing that
> Mining & Political Scum on their knees ASAP
>
> With kind regards to you.
>
> Sir Jean-Paul Turcaud
> Australia  Mining Pioneer