Forestlands has gone into liquidation owing millions to investorsJude Petheram Rowan Kearns, director and controlling shareholder of Forestlands NZ Ltd. Shareholders say Kearns has cut contact with them except for updates on his website. (File photo)Investors in Forestlands NZ Ltd say they have little hope of receiving their promised returns as the company goes into liquidation. Braden Fastier Forestlands NZ Ltd was sold before many trees had matured and with some forests partially logged. McMillan said when they found out Forestlands NZ Ltd had been sold, they were told it was "for a good price". "If it was really really bad, I'd get $6,500 per share.

Source: Stuff September 06, 2018 03:56 UTC