Forum Archive Index - August 2002

["Michael Phillips" <michael.p@paradise.net.nz>]

 http://www.sharechat.co.nz/features/nbr/article.php/e168c17e

<blush>  I think that the above article goes a long way toward answering
my earlier question.

Regards
Michael
===

----- Original Message -----
From: "Michael Phillips" <michael.p@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, 26 August 2002 20:14
Subject: [sharechat] GPG and their investment in TTP


> reference: http://www.stuff.co.nz/stuff/0,2106,2031289a13,00.html
>
> In the Sunday Star Times article by Garry Sheeran on 25 August 2002
> entitled "Kiwi raider playing true to form on forest deal", Tony Gibbs
> is     quoted as saying its investment in Trans Tasman Properties was
an
> "absolute irritant - not one of our better deals".
>
> As a holder in TTP, I am keen to have this statement expanded for me
> somewhat.  I understand that in April GPG (through a subsidiary) were
> keen to have TTP liquidated with funds returned to shareholders,
whereas
> majority holder SEA Holdings Limited were not...thus the liquidation
> proceeded no further.
>
> Are there further reasons for GPG being irritated with their
investment
> in TTP?  If so, I would be keen to have these explained to me.
>
> Regards
> Michael
> ===
>
>
>
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