Forum Archive Index - August 2002

["Jim McMillan" <seechoke@hotmail.com>]

Malcolm - according to your argument, there is every logic for China to stop 
buying logs now as CNIF is already broke and will become broker still 
without China. Cash flow and income dry up and Citic, being the only game in 
town with $, buys the asset cheap.

Why go thru' the convoluted FFS/CNIF/US$200m deal? If you think shareholders 
and the banks are that stupid to sell FFS to Citic at 1 cent after China 
stops buying logs, they surely must be just as stupid now to sell to Citic 
for 1 cent as well if China stops buying NOW.

Have you ever spared a thought here that maybe, just maybe it's FFS at fault 
here in the whole sorry CNIF saga? Afterall, FFS's directors and management 
have been a bunch of idiots, right?




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