reminiscent of fea and wfl

One problem with many GNS shareholders is that they didn’t have much experience of other forest companies like GTP, TIM, FEA, WFT and etc.

All these companies boasted that they had a NAB of $0.50 or $1 or even more, but once they went bust, all NABs became negative … even a huge last-minute equity raising couldn't save them.

FEA and WFL raised $39.5m and $20.5 equities in OCT and NOV in 2009, respectively, and increased their share numbers by 50% and more, but they both went bully up within months after a dead cat jump of the share prices.

(http://www.asx.com.au/asxpdf/20091019pdf/31ldrrdhqgh8mx.pdf
http://www.asx.com.au/asxpdf/20091102pdf/31lt53nrj14j0p.pdf)

In the case of WFL, I remember that a major equity buyer was even a foreigner from Hong Kong, just like some one now from NZ?