[jdub]

they may own the property, but it appears to me that they sold the right to do with it as they please.

granted, they probably sold it with a gun to their head (sell or we discover some endangered species there that depends on the trees), but they did sell.

there are probably lots of things about this deal that i don't understand, but it sounds similar to selling mineral rights, then using bankruptcy proceedings to declare the sale void so that you can exploit the resource that you sold to someone else. Am I correct in that assumption?

[Beagle8U]

" In 1999, the state and federal governments spent $480 million combined to buy 7,400 acres of the company's redwoods, now part of Headwaters Forest Reserve, and establish a "habitat conservation" plan to protect endangered species on 200,000 acres of the company's land."

They bought 7,400 of 200,000 acres of the redwoods in exchange for $480 million and and an agreement to protect the wildlife on the balance of the 200,000 acres.

Then the eco-twits want to change the rules to control all of the property and deny the company any use of their property. All their property.

I say the state can go pound sand.