Wellington Capital PIF/Octaviar (MFS) PIF

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

The whole room puts their hand up to support JH.

Three people put their hand up not to support JH.

Cable Guy is one of those three people.

You don't have the support, accept it and move on.

As Seamisty would say :horse:

 

[seamisty]

Re: Octaviar MFS Premium Income Fund PIF

The whole room puts their hand up to support JH.

Three people put their hand up not to support JH.

Cable Guy is one of those people.

As Seamisty would say :horse:

Just because it's been quiet on here for a couple of days doesn't mean we need people like you coming back in stirring up negative sentiment for something to do Stableguy. I suggest you take your dead horse and :horseIFF OFF!!!Seamisty

 

[Duped]

Re: Octaviar MFS Premium Income Fund PIF

The whole room puts their hand up to support JH.

Three people put their hand up not to support JH.

Cable Guy is one of those three people.

You don't have the support, accept it and move on.

As Seamisty would say :horse:

You're very confident Mav. Will you buy my units at 65c each? Any of them?

The offer is open to everyone.

 

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

You're very confident Mav. Will you buy my units at 65c each? Any of them?

The offer is open to everyone.

I have way too many units in this fund, so thanks for the offer, but am trying to diversify into other investment opportunities that exist at the moment. Besides due to no fault of JH, your units are not worth 65c at the moment, so NOONE will buy them for that amount, so your offer to everyone at the moment is a tad ambitious.

Hold on to them, they will be worth $1 in 3-5years

 

[Duped]

Re: Octaviar MFS Premium Income Fund PIF

But what about all that upside, all that goodwill? Gotta be worth something? Not even 5c?

OK then - 60c.

With 5c goodwill all our RE has to do is get the value to 55c by the end of next year and you're ahead. Plus you will have received all those distibutions in the meantime.

As a bonus I'll stop posting on ASF.

No takers? Hmmm

 

[marcom]

Re: Octaviar MFS Premium Income Fund PIF

After costing our fund some $200,000 they have the hide to come back with this PIFfle!

The way to deal with these cowboys is to put them on your IGNORE LIST - simply click on the posters name, choose "view public profile", then click on the left of the blue band "add XXX to your ignored list". Then they simply disappear!

And don't bother replying to this post as it will not reach me. BYE

 

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

But what about all that upside, all that goodwill? Gotta be worth something? Not even 5c?

OK then - 60c.

With 5c goodwill all our RE has to do is get the value to 55c by the end of next year and you're ahead. Plus you will have received all those distibutions in the meantime.

As a bonus I'll stop posting on ASF.

No takers? Hmmm

No no, please keep posting. One day I will work out exactly which side of the fence you actually sit. Keep giving us the clues man.

 

[Duped]

Re: Octaviar MFS Premium Income Fund PIF

After costing our fund some $200,000 they have the hide to come back with this PIFfle!

The way to deal with these cowboys is to put them on your IGNORE LIST - simply click on the posters name, choose "view public profile", then click on the left of the blue band "add XXX to your ignored list". Then they simply disappear!

And don't bother replying to this post as it will not reach me. BYE

What makes you think I had anything to do with the ASIC action?

I'm here on business. I'll be on the side of the fence where I get the most money back. And if that changes, I'll change. It's up to others to decide if they give me a clear message up front and stick to it. But it's their choice. Why are you here?

Making people disappear. Where have I heard of that before.

What sort of a forum is this?

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

I have way too many units in this fund, so thanks for the offer, but am trying to diversify into other investment opportunities that exist at the moment. Besides due to no fault of JH, your units are not worth 65c at the moment, so NOONE will buy them for that amount, so your offer to everyone at the moment is a tad ambitious.

Hold on to them, they will be worth $1 in 3-5years

Is that a dollars worth on the NSX ??? because thats the only way you can sell them //// WE all await your answer ///

 

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

Is that a dollars worth on the NSX ??? because thats the only way you can sell them //// WE all await your answer ///

Right on cue, I was waiting for that. If you were at the meeting last Thursday you would have heard it straight from the chairman's mouth that NSX was only the first step to addressing liquidity in this fund.

As time passed and goals were reached there will be other opportunities and avenues to address the liquidity issue. I would say that the next step will be ASX.

If you go to page 46 of the new constitution on the newpif website:
"SX" means Australian Stock Exchange Limited or NSX Limited or any other public securities exchange established or based in Australia or any other jurisdiction.

So there is already provision there allowing that possibilty to go ahead when the fund is positioned to go to the next step of liquidity and then more as they present themselves.

So for the million and one time, NSX is only for the desperate unit holders that need liquidity at the first step, if that is not you, then let it go. Don't worry about it. It does not concern you OK.

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

Right on cue, I was waiting for that. If you were at the meeting last Thursday you would have heard it straight from the chairman's mouth that NSX was only the first step to addressing liquidity in this fund.

As time passed and goals were reached there will be other opportunities and avenues to address the liquidity issue. I would say that the next step will be ASX.

If you go to page 46 of the new constitution on the newpif website:
"SX" means Australian Stock Exchange Limited or NSX Limited or any other public securities exchange established or based in Australia or any other jurisdiction.

So there is already provision there allowing that possibilty to go ahead when the fund is positioned to go to the next step of liquidity and then more as they present themselves.

So for the million and one time, NSX is only for the desperate unit holders that need liquidity at the first step, if that is not you, then let it go. Don't worry about it. It does not concern you OK.

Your words are the units will be worth a $1 in 3 to 5 years time Please tell us poor simple folk just how we will get this DOLLAR in our hand in 3 to 5 years time ARe you saying we can sell them for a BUCK on the ASX then ????????

 

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

Who knows. I am not a fortune teller. Might even be worth more for all we know. I don't know, you don't know. No guarantees in this world. All I know is that our units would be worth jack if JH did not step in and prevent those other mongrels liquidating it.

I and the majority here say give Jenny a go. Nothing ventured, nothing gained. You should do the same as the majority really has spoken and you are just :horse:

 

[newwwtrader]

Re: Octaviar MFS Premium Income Fund PIF

I personally don't agree that if the vote goes as it seems to be going that it is the right way. But notwithstanding that, if that is what happens that is what happens.

I do think there was one positive from the vote being delayed. It will give more certainty to unitholders about distributions. Flowing from this I feel that this will to a degree create a more certain floor as to what the price may fall to when it is listed.

The question that I have is will it list before or after the distribution date. If it is before I think the price will hold up for a period of time and then like any other stock after it goes ex divi it will crash.

But if they pay before it lists then I think it could be open season. People will have gotten some return and may just want out.

It will be interesting to see how it plays out.

 

[communique]

Octaviar MFS Premium Income Fund PIF

Just because it's been quiet on here for a couple of days doesn't mean we need people like you coming back in stirring up negative sentiment for something to do Stableguy. I suggest you take your dead horse and :horseIFF OFF!!!Seamisty

Excuse me for interrupting the playground for just a moment. Seamisty, seeing you are the dictator of what people can and cannot say on this thread
I hope you don't mind if I make a comment.

I was at the meeting on Thursday.
I have not voted yet preferring to wait for the update.
I am not a member of PIFI.
I understand ASIC took Wellington to court not PIFI.
I appreciate comments from people like Cableguy who have bothered to do some in-depth research and who look past the rhetoric and spin.
At the meeting I saw a lot of desperate people who want something they have been deprived of for sometime - money. They see Jenny holding the purse strings and because they are told she can return their money over time, they will back her to the hilt, because they don't see an alternative.

When I read the childish nasty comments that I am reading of late I start to wonder whether I would agree with anything these contributors would say or do.

 

[seamisty]

Re: Octaviar MFS Premium Income Fund PIF

You can interrupt the playground whenever you like Communique. I spoke with ASIC and I spoke with one of the people who contacted ASIC on behalf of the PIFI. Their intervention was a direct result from PIFI related actions. Unit holders relate that directly to added unwarranted expenses that ultimately will have some impact on the PIF so when some of us see the remnants of PIFI still agitating, we are inclined to get extremely angry and feel like we have to put the BOOTS in. You have no idea how much anguish and stress those actions caused! You obviously did not receive the amount of phone calls and e-mails I personally I had to deal with or you would realise the extent of ill feeling towards a few individuals that exists. I don't recall you posting in regard to some of the anti Wellington childish nasty posts and no one is asking you to agree with anyone.Regards, Seamisty (the dictator)

 

[communique]

Re: Octaviar MFS Premium Income Fund PIF

Unit holders relate that directly to added unwarranted expenses You have no idea how much anguish and stress those actions caused! You obviously did not receive the amount of phone calls and e-mails I personally I had to deal with or you would realise the extent of ill feeling towards a few individuals that exists.

I obviously don't know the full story:

1. Please outline in detail the costs your refer to and where did you get this information from?
2. Were you in an official capacity to be receiving phone calls and emails from PIF unitholders?

Thank you for returning to a civil respectful tone in your post.

 

[seamisty]

Re: Octaviar MFS Premium Income Fund PIF

I am the WA/SA Action Group Representative Communique. I am also in constant contact with WC and some Gold Coast unitholders and not to mention other AG reps. I try and make it my business to stay as informed as possible. I have also had contact from others who attended the original PIFI meeting, as well as some Fund managers and Financial advisors with links to the Fund. Regards, Seamisty

 

[zixo]

Re: Octaviar MFS Premium Income Fund PIF

Does anyone have any definate dates on when the tax statements will be issued by wellington.
Last time I made a direct call to their customer automated answering machines I got return message which said we'd get our statements in a couple of weeks.... That was 5 weeks ago.

without me calling their machines again Has anyone heard anything new from wellington.......... is it that perpetual are still being relaxed in their attitude in doing their ever well paid job for the PIF.

 

[Maverick2802]

Re: Octaviar MFS Premium Income Fund PIF

no one is asking you to agree with anyone.Regards, Seamisty (the dictator)

LOL LOL Seamisty says "hands off keyboard"

Talk about the NSX....no no no Great Dame, I did not say "Seamisty says".

LOLOLOLOL!!!!!!!

 

[communique]

Re: Octaviar MFS Premium Income Fund PIF

It is easy for someone not to see the wood for the trees, particularly when they are desperate.