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Wellington Capital PIF/Octaviar (MFS) PIF

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Can anyone access the Castlereagh Investor Update 4. All I get is -

404 Not Found
The requested URL /include/tiny_mce/plugins/filemanager/files/PIF_Unit_Holder_Update_No_4.pdf was not found on this server.

In fact all the PIF information links on the site are similarly broken. My wife who is a web site designer thinks the site may have been hacked or who ever updated the site did it incorrectly.

Castlereagh urgently need a better functioning web site.
 
I attended the meeting on the 23 June, 2011 and was present when an unofficial vote was called at the request of unit holders present by the Chairman for the purpose of ascertaining whether people wished to vote Wellington Capital OUT. The vote was dec lared UNANIMOUS by the Chair. A vote was called to establish whether unit holders wanted CASCAP as the RE of OUR fund. The vote was also declared UNANIMOUS BY THE CHAIR. Now the question, there was no person in the room at the legitimate meeting voting for Wellington Capital, the meeting was advertised to all unit holders. It is assumed there would be some supporters wanting to retain WC, where were they? They certainly were not warned to be at the meeting held on the second floor above us at 8.30a.m. I did not receive an invitation. Did anyone on this forum receive an invitation? So it seems to me that the only supporters at the 8.30a.m. meeting were the hired hands. Part time actors who had been paid to attend. I have been informed that there were 200 of these persons plus approximately 30 from Victoria who received bus and plane fares to Sydney to vote for Wellington Capital. I am also informed that they were told they would have a good time, all they had to do was vote and then enjoy the hospitality of WC. These people, the hired hands and the Victorians were not unit holders in our fund. Is this bizarre or what?
 
charles36 said:
I attended the meeting on the 23 June, 2011 and was present when an unofficial vote was called at the request of unit holders present by the Chairman for the purpose of ascertaining whether people wished to vote Wellington Capital OUT. The vote was dec lared UNANIMOUS by the Chair. A vote was called to establish whether unit holders wanted CASCAP as the RE of OUR fund. The vote was also declared UNANIMOUS BY THE CHAIR. Now the question, there was no person in the room at the legitimate meeting voting for Wellington Capital, the meeting was advertised to all unit holders. It is assumed there would be some supporters wanting to retain WC, where were they? They certainly were not warned to be at the meeting held on the second floor above us at 8.30a.m. I did not receive an invitation. Did anyone on this forum receive an invitation? So it seems to me that the only supporters at the 8.30a.m. meeting were the hired hands. Part time actors who had been paid to attend. I have been informed that there were 200 of these persons plus approximately 30 from Victoria who received bus and plane fares to Sydney to vote for Wellington Capital. I am also informed that they were told they would have a good time, all they had to do was vote and then enjoy the hospitality of WC. These people, the hired hands and the Victorians were not unit holders in our fund. Is this bizarre or what?
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Not Bizarre CRIMINAL!!!!!!!!!!!!!!!
 
I think the "lady" in red is shortly to find out that you don't mess with old farts...age and treachery will always overcome youth and skill! Bull**** and brilliance only come with age and experience.

I am in no way insinuating that any of us:2evil: are old, some are just more youthfully challenged.
 
charles36 said:
I attended the meeting on the 23 June, 2011 and was present when an unofficial vote was called at the request of unit holders present by the Chairman for the purpose of ascertaining whether people wished to vote Wellington Capital OUT. The vote was dec lared UNANIMOUS by the Chair. A vote was called to establish whether unit holders wanted CASCAP as the RE of OUR fund. The vote was also declared UNANIMOUS BY THE CHAIR. Now the question, there was no person in the room at the legitimate meeting voting for Wellington Capital, the meeting was advertised to all unit holders. It is assumed there would be some supporters wanting to retain WC, where were they? They certainly were not warned to be at the meeting held on the second floor above us at 8.30a.m. I did not receive an invitation. Did anyone on this forum receive an invitation? So it seems to me that the only supporters at the 8.30a.m. meeting were the hired hands. Part time actors who had been paid to attend. I have been informed that there were 200 of these persons plus approximately 30 from Victoria who received bus and plane fares to Sydney to vote for Wellington Capital. I am also informed that they were told they would have a good time, all they had to do was vote and then enjoy the hospitality of WC. These people, the hired hands and the Victorians were not unit holders in our fund. Is this bizarre or what?
Click to expand...

hi all... I TO WAS AT MEETING ARRRIVED 9.45 HEADED UP STAIRS TO 1ST FLOOR WHEN DOWN CAME 6 OR SO VERY HAPPY YOUNG PEOPLE 20 TO 25YEAR OLDS SKIPING WAVING ...[[[ PINK..]]] PAPERS I SAID TO MY SELF WHAT R YOUNG PEOPLE LIKE THAT DOING IN OUR ..PIF ......NOW I KNOW DONT I...WE ..KEEP UP GOOD WORK WERE GETTING ..HER ..IT OR WHAT EVER...NOR..
 
Towbar said:
Surely this illegal activity has been noted by ASIC? Why havnt they sprung into action & condemed it!!! Towbar
Click to expand...

ASIC at the moment are apparently quite happy to let the PIFAG do the hard work. Once this hard slog is completed, ASIC will step forward and take appropriate action (and seek praise). If this is the case, it's a disgrace.
 
charles36 said:
I attended the meeting on the 23 June, 2011 and was present when an unofficial vote was called at the request of unit holders present by the Chairman for the purpose of ascertaining whether people wished to vote Wellington Capital OUT. The vote was dec lared UNANIMOUS by the Chair. A vote was called to establish whether unit holders wanted CASCAP as the RE of OUR fund. The vote was also declared UNANIMOUS BY THE CHAIR. Now the question, there was no person in the room at the legitimate meeting voting for Wellington Capital, the meeting was advertised to all unit holders. It is assumed there would be some supporters wanting to retain WC, where were they? They certainly were not warned to be at the meeting held on the second floor above us at 8.30a.m. I did not receive an invitation. Did anyone on this forum receive an invitation? So it seems to me that the only supporters at the 8.30a.m. meeting were the hired hands. Part time actors who had been paid to attend. I have been informed that there were 200 of these persons plus approximately 30 from Victoria who received bus and plane fares to Sydney to vote for Wellington Capital. I am also informed that they were told they would have a good time, all they had to do was vote and then enjoy the hospitality of WC. These people, the hired hands and the Victorians were not unit holders in our fund. Is this bizarre or what?
Click to expand...

I also attended the meeting. I sat next to a couple of Genuine UNITHOLDERS who wished to speak to wellington representatives. These people were just ordinary investors who wanted to hear both sides.
When JH didnt show as promised and the question was asked at the meeting when the unofficial show of hands were presented as wanting CASCAP to now control our fund. These two "youthfully challenged" (thanks JohnH ) folk didn't hestitate an instant in now showing their support for Cascap in managing our fund. In fact No-one in the room that I was aware of voted in Favour of Wellington anymore.

Did anyone notice one supporter for wellington at the show of hands at the "adjourned official" EGM?
If wellington were having another unitholder meeting, why were we not invited and why were these particular investors DENIED the opportunity to simply TALK to a Wellington Representative when they were in the same building?
 
propfundmanager said:
I would just like to say I admire you all - I have been involved in property funds management for a long time and what is going here is both a sad inditement of what occurred during the boom times as well as the looters that fall out after. What we see here may be a looter at their best - bold as brass to start with and then suddenly nowhere to be seen other than attempting to save their own skin. I have been in this space for nearly a quarter of a century, and like most on the post have never seen anything quite like this. My belief is that you'll beat her - you'd have to but EVERYONE MUST VOTE. My question is though - WHERE THE HELL IS ASIC? Your patience, and tenacity is amazing. Great story today in the SMH - most I spoke to cannot believe it!
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Thanks for this perspective on our problems with WC. Her actions demonstrate just how unprofessional JH is and why your professional peers are rightfully appauled. She is a blight on your profession and unfortunately it is the publicity surrounding this type of manager that tends to influence public persceptions about the profession.

ASIC's decision not to act represents a classic case of regulatory failure. The new Chair's early pronouncements about facilitating "more industry dialogue" (read softly softly approach) signals that regulatory capture theory is alive and well at ASIC. Lots of dialogue, practice notes etc but no action. Don't expect too much action under this Chair.
 
banco said:
Someone needs to work out a way to ask her about this meeting unde oath.
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To see what it is all about under oath, have a look at the sworn affidavits - The Federal Court in Brisbane will hear this application brought by Wellington Capital Limited on Wednesday, 6 July 2011. To review a summary of the affidavit material and submissions filed in relation to the PIF Action Group http://cascap.com.au/page.php?page=36
............... John H
 
Dear Jenny,
I did not hear from you since my initial proposition via #7901.
I take it as a positive sign that you are genuinely considering this suggestion and perhaps googling for most reputable institutions renowned for rectum rectification remedy.
No doubt it is clear to you by now that urgency has intensified considerably.
Earlier PIF snippets in CBD columns by sneering journos have matured to full article status with front-page priority.
Still waters of ASIC are rippling with WestPoint directors thrashing about in a tightening net.
Once ASIC refines its brush, it will start tarnishing with it many more, some of who may be your related pals.
I just returned from long trip up North.
I am dead tired, am giving Wimbledon a miss and am concentrating solely on your present and future welfare. Please appreciate my dedication.
As you look into all the mirrors inside the places you feverishly haunt to weave another thread of falsehood into public's consciousness, start seeing this ditty:
"No cracked reflection
Will cause deflection
From path of rectum
Rectification!!!"
Memorising it will help your senses of acceptance.
A further nudge is the reaction of your phone call centre operative named Justine, to whom I posed a question:
"Does Wellington Capital have any statistics on the number of suicides among PIF investors since steal-over of the fund by WC back in 2008?"
And Justine was momentarily stumped, then blurted, "Don't know" and said she did not wish to upset me any further with WC script and let me hang up.
A conscience before duty? Time to show yours Jenny.
And think of shrinking vacancies in these institutions once ASIC, looking resplendent in their new set of dentures, starts snapping at the tails of all those rats currently in corporate hiding.
Stop prevaricating and say a loud YES.
Sincerely,
 
I have neem extremely busy and I may have missed Wellington Capital reverting the Constiution to former status after it had been fiddled with to meld WC justification for placement of units and the so called rights issue. Has the constitution been altered? Can one of you kind persons look this up and if it has not been amended could you please pay the courtesy to WC and give them one of you gentle reminders, please. If it is already done I offer my sincere apologies to WC??????
 
charles36 said:
I have neem extremely busy and I may have missed Wellington Capital reverting the Constiution to former status after it had been fiddled with to meld WC justification for placement of units and the so called rights issue. Has the constitution been altered? Can one of you kind persons look this up and if it has not been amended could you please pay the courtesy to WC and give them one of you gentle reminders, please. If it is already done I offer my sincere apologies to WC??????
Click to expand...

ASIC search shows the following regarding the PIF constitution:
10/05/2011 023747357 4 5101B Constitution For Managed Investment Scheme Modification Of
16/05/2011 026213159 4 5101B Constitution For Managed Investment Scheme Modification Of
21/06/2011 021724117(?) 1 41999 (AR 2011) Nsx General Market Disclosure Other

The 21/6/2011 NSX announcement is:
http://www.nsxa.com.au/ftp/news/021724117.PDF
Revocation of Constitutional amendments made on 9 May 2011 and 16 May 2011
Wellington Capital Limited as responsible entity of the Premium Income Fund advises that it has as a consequence of the decision of Justice Gordon in the Federal Court on 20 June 2011 revoked the amendments made by Deed Poll to the Constitution of the Premium Income Fund on 9 May 2011 and 16 May 2011.
The consequence is that the Constitution of the Premium Income Fund as at 8 May 2011 is the Constitution as at today.​

The PIF website under ‘Corporate Governance’ still shows Amendments to the Constitution dated 10 May and 16 May 2011.

I will follow up today to see if in fact the current constitution is as it was on the 8 May 2011.
 

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