Ann: Financial Covenants , page-8

I accept this argument if FEA were purely a MIS scheme provider but that's just not the case, 50% and rapidly increasing of it's revenue comes from more traditional forestry enterprises.

While the MIS "industry" is clearly in death pains, would suggest the exact opposite for true sustainable timber industry. MIS is/was an aberration because of it's fnding model, absolutely true, but that doesn't mean there is no market for wood.

Anyway, guess we will see soon.