all over red rover, page-22

Plonko,

Congratulations that you sold FEA shares in time.

It's interesting that as you mentioned one person is on both boards of GNS and ELD. (Who is it?)

I knew that the FEA CEO Andrew White worked for GNS before and was a good friend og J Gay. In Andrew White's CEO employment contract there was a clause hinted that he would be rewarded if FEA had a "ownership change". White did his best to lure GNS to buy 20% of FEA's shares at 11c, but GNS refused to take the 1:1 rights issue at 7.5c a share.

ELD looks a bit better than GNS, as beside MIS, ELD got some other rural business such as a joint bank with BEN(?), but GNS only has wood-chipping with old-growth forests, which is disappearing. The real timber business is negligible for GNS.

All the collapses of GTP/TIM/FEA were because of MIS, which is a kind of PONZI scheme poison pill, which kills the one who has swallowed it. An old friend of mine told me that he had lost his life savings in a similsr plantation scheme.