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Re: Re: [sharechat] Attention All Lawyers


From: "Mike Hudson" <mikehudson@clear.net.nz>
Date: Tue, 10 Oct 2000 22:25:38 +1300


Ted wrote
"I don't think anyone would disagree that FEG was the jewel in the crown, and most likely to be sold. That isn't the point.
Please explain for us all Dr Deanes sincere comments over the past months that any action, and delay in action, was to ensure the absolute best result for all shareholders. I suggest there were more than enough carrots dangled by Dr Deane, a supposedly respected business figure, to suggest that the end results were going to be positive for all FLC shareholders, not just FEG ones."
 
What makes you think that this is not the best result? To be fair to Dr Deane he has really pushed this along since he was appointed as Chairman. What would you have done?
 
Is there one happy FLB or FFS shareholder out there? Me thinks not!
 
Pobably not but  the expectations were unrealistic perhaps inflamed by the FLP sale.     The numbers bandied around for Forests were never going to be achieved.
 
And how many senior FLC execs have exited the two dogs for Energy in recent times I wonder?
 
None that I know of. People would rather be a senior executive in a listed company than a middle manager in a small subsidiary of a mega multinational like Shell. The exodus from FEG will start now
 
An interesting day,time for bed
Cheers
Mike H
 

 
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