Phil, this is really good. The rhyming, the rhythm and beat all fit together perfectly.
Friendship is something not to be messed with I guess. I know that first hand but sometimes it can be a good thing, we do have to be friends first to know if that person is for us. Maybe I got it all wrong I'm not sure.
Our friend is in distress
A place I've just come from
Feeling hurt, then helpless
Overwhelmed and then numb
Bored, dispersed and listless
Not herself, worrisome
And love seems so hopeless
It's tough to overcome
^^
A powerful opening and one many could relate to, it's hard knowing someone you care for is hurting and you don't know what to do.

Some fantasies that she has had depend
Upon her having loving to extend
Are they lost or can her heart still mend
Because she's too honest to just pretend
A habit I've resolved to attend
To be a positive force for my friend
Negative thoughts no longer transcend
So I can help her emptiness to end
^^
Love is a great healer but sometimes it can hurt like hell. It's a vicious cycle unless you find someone who truly loves you, I'm still soul searching.

I can't see telling her
What she won't want to know
The truth is, I prefer
That my feelings should show
Though the thoughts that concur
Could have been apropos
I won't let past recur
'Cause I've solved our worst foes
Replaying how we were
To see where I could grow
With answers I infer
To merit her hearts glow
^^
You can never tell someone something they don't want to hear because they don't usually listen though sometimes it helps.

Can she ever be that way again
And did I lose my only chance back then
I think she's strong enough, though shaken
And brilliant enough to reawaken
I can't expect it would be sudden
But I'm just not trusting my acumen
Should I tell her while there's no new men
Or would telling her make our chance worsen
^^
Ifs, what's and but many things that stop us going from those things we truly desire. My advice is just do.

I don't know what to do
There's just no guarantee
That's why I'm asking you
Could you see her with me
As fitting as are few
Raising a family
Supportive, through and through
Loving and happily
I can't stop my review
Of how we could still be
The love we all pursue
Is in my memory
^^
Sometimes memories are best kept as that, other times they aren't. Only we can decide that.

I love her with significance
Not superficial arrogance
But does she still see the same chance
That we'd enhance our life's romance
^^
Wonderful ending

Hope you're well, Em