Wellington Capital PIF/Octaviar (MFS) PIF

[charles36]

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.

Thanks Dora n Boots. I gues WC have a lot of other more serious matters on their mind and by the way, so they should.

 

[simgrund]

Thanks Dora n Boots. I gues WC have a lot of other more serious matters on their mind and by the way, so they should.

Dora, Charles,
Why do we read NSX updates with WC monnograms?
IS this an original NSX issue or trawled through Wellington's dungeons of truth-bending
annexes?

Regards,

 

[simgrund]

Dare we hope for speedy resuscitation of our $147.5 mil Octaviar action?

http://www.smh.com.au/business/new-asic-chief-willing-to-jawbone-20110703-1gx8l.html

Cheers,

 

[selciper]

To judge by present activity, we're entering a cycle which embraces many days of reckoning for the PIF.

 

[BootsnAll]

Is anyone else going to attend the Court in Brisbane on 6th June?

 

[BootsnAll]

Sorryyyy!!!
The date is 6th July:bonk:

 

[DoraNBoots]

Is anyone else going to attend the Court in Brisbane on 6th July?

Yes, are you?

 

[BootsnAll]

Yes, are you?

DEFINITELY! :bbat:
Hope we see you there.

 

[Dexter]

Is any body else waiting for a refund on the Rights Issue? I seem to be getting the run around.

 

[Harald]

Is any body else waiting for a refund on the Rights Issue? I seem to be getting the run around.

Hopefully there aren't to many who got the feeling of a real Schadenfreude.

 

[Jadel]

Is any body else waiting for a refund on the Rights Issue? I seem to be getting the run around.

May have gone across the gravitational ,Event Horizon, into a Black Hole , never to be seen again.

 

[simgrund]

May have gone across the gravitational ,Event Horizon, into a Black Hole , never to be seen again.

But don't discard the RECEIPTS!!!
Further recovery-fun afoot in the POST JENNY era.
I suggest an informal register among us is started a la an earlier one of our shareholdings that WAS unsuitable for this forum.
This one will though. Maybe painful to disclose, but may give an idea of how miniscule the take-up was in contrast to WC's pre-court (rights issue castrated) boasting.
Let the fun begin:

nametag----------------------------$
Simgrund---------------------------00.00

 

[zixo]

Jenny, wellington capital and Aussie stock forums have made the news again

Great work dora!

http://www.brisbanetimes.com.au/business/isoft-board-faces-a-few-hard-questions-20110704-1gz4j.html

ENCORE ACT

Allegations that the Wellington Capital founder, Jenny Hutson, hired extras (at $26 an hour) to drum up support at a unitholder meeting are not the first time she has been accused of renting a crowd.

The claims Hutson hired actors as an attempt to shore up support at a meeting of Premium Income Fund (PIF) unitholders (that was called to depose her) have jogged someone's memory about a street rally in September 2008 outside Wellington's Brisbane offices.

A post on the Aussie Stock Forums chatroom has enclosed a picture of some youthful looking protesters showing support for Hutson. It seemed to relate to the corporate regulator's move at the time to block a planned meeting of PIF unitholders called by Hutson.

The protest banners in the photo (all in the same typeface) included: ''Go Jenny'', ''ASIC are wrong'', ''Pif off ASIC'', ''Jenny for President'' and ''Wake up ASIC''. In reference to the then chief executive of the PIF former manager MFS, Michael King, another placard said: ''King is Evil.'' In contrast to most unitholders, not one protester seemed to have a lock of grey hair

 

[simgrund]

For trackers of Trio tribulations:
ttp://www.smh.com.au/business/how-regulator-missed-chance-in-trio-debacle-20110704-1gz6a.html
Regards,

 

[Wolfgang]

Channel 2 Broadcast: 11/03/2008
7.30 Report

http://www.abc.net.au/7.30/content/2007/s2186788.htm

Wolfgang

 

[simgrund]

Correction on this link, sorry

http://www.smh.com.au/business/how-regulator-missed-chance-in-trio-debacle-20110704-1gz6a.html

 

[Duped]

Jenny, wellington capital and Aussie stock forums have made the news again

Great work dora!

http://www.brisbanetimes.com.au/business/isoft-board-faces-a-few-hard-questions-20110704-1gz4j.html

ENCORE ACT

Allegations that the Wellington Capital founder, Jenny Hutson, hired extras (at $26 an hour) to drum up support at a unitholder meeting are not the first time she has been accused of renting a crowd.

The claims Hutson hired actors as an attempt to shore up support at a meeting of Premium Income Fund (PIF) unitholders (that was called to depose her) have jogged someone's memory about a street rally in September 2008 outside Wellington's Brisbane offices.

A post on the Aussie Stock Forums chatroom has enclosed a picture of some youthful looking protesters showing support for Hutson. It seemed to relate to the corporate regulator's move at the time to block a planned meeting of PIF unitholders called by Hutson.

The protest banners in the photo (all in the same typeface) included: ''Go Jenny'', ''ASIC are wrong'', ''Pif off ASIC'', ''Jenny for President'' and ''Wake up ASIC''. In reference to the then chief executive of the PIF former manager MFS, Michael King, another placard said: ''King is Evil.'' In contrast to most unitholders, not one protester seemed to have a lock of grey hair

Excellent zixo thanks.

Collective memory on this thread is great. Here's another one. Recall that WC changed the 2008 income tax annual statement and sent out an amended version to everyone. Too bad for people like me who had already filed their tax return before the replacement arrived.

Welcome to any new readers.

 

[JohnH]

Channel 2 Broadcast: 11/03/2008
7.30 Report

http://www.abc.net.au/7.30/content/2007/s2186788.htm

Wolfgang

Greg Hoy reports.

JENNY HUTSON, WELLINGTON CAPITAL: It is about bringing the general on the field of battle, who in this instance, is Andrew Peacock to account.

When Andrew took over as chair, the company was worth in excess of $2 billion. It last traded at less than $500 million. So, less than 25 per cent of that value. And corporate Australia has always been about accountability, as has political Australia.

(sound of a phone ringing) " - For whom the bell tolls

What is the opposite of "deja vu"? - fabulous find Wolfgang - also notice she's not wearing the red jacket!!!

 

[DoraNBoots]

Details of tomorrow's hearing and the lead up to it can be found here: https://www.comcourts.gov.au/file/Federal/P/QUD140/2011/actions

I look forward to seeing you tomorrow BootsnAll

 

[selciper]

So much for Hutson’s allusions to battlefields, generals, presidents and, of course, the Duke of Wellington. In her war room, Hutson must be stooped over maps that have recently served her so poorly. Her outflanked lieutenants await their commander-in-chief's next orders.