I had a dream last night that I wanted to purchase shares in Forest Enterprises.I've had some odd dreams but given that dreams normally are trying to resolve something, this dream woke me up. I bought into FEA woodlots when the company first launched via my SMSF on the advice of my then accountant. That accountant is now dead and I realise he was only trying to enrich himself through commissions. I also purchased shares in the original issue at $1.00! and followed up some years later with the issue price of 0.50c. I still own the shares. I have poured thousands of dollars into lease management fees. Based on my theory that when you take a flight on a commercial aircraft you safely assume that you won't crash because the pilot wants to get there too, comparably I assume that the board of FEA want a successful outcome for its long suffering investors. Alas the storm clouds continue to gather. Negative sentiment for MIS's and the debt problem continue to offer no solace for investors, Tree hugging is very much out of fashion and the dream is becoming a nightmare. The question is whether FEA can weather the storm and what will investors get as a return on investment. I am sure there are many other investors in the same sorry FEA boat.
FEA Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held