Australian (ASX) Stock Market Forum

Wellington Capital PIF/Octaviar (MFS) PIF

:confused:
Oh dear!
I am also a unitholder in Rimcorp Property Trust No 3 (another WC fund), as well as PIF.
Any comments.
Hi Farmman. Welcome to the thread, I am particularly interested in speaking to you in relation to the Rimcorp Property Trust No 3 and will send you a personal message re notifications. Regards, Seamisty
 
Re: Octaviar MFS Premium Income Fund PIF

Hi All,

First time poster
Can someone explain how on earth Wellington Capital managed to wrangle a deal to sell Geo shares worth .40cents for .25 cents, also , If someone could explain how A LOAN to the LLA group was allowed to be Dealt whilst the BOS had complete control of all the funds, yet they have not allowed any distributions.

Can Jenny Hudson seriously garnish any credibility when she tells us its for the benefit of the investors of the PIF that OUR assets and OUR money is being used to prop up other floundering investments.

Maybe I am not looking at the bigger picture, but how does throwing money away help us as investors

MFS PIF took our Money - not Wellington capital. To date Wellington have not issued a single statement to investors of the PIF.

Some kind of legal challenge by the investors is sounding like the best course so far, I for one have heard nothing to answer any of the questions I have.

Cheers

To all new members & visitors to this forum, please take note of the above comments made in June 2008. Yes, OVER THREE YEARS AGO. All of the evil & deception that now defines JH & WC, as shocking & professionally unbelievable as it is, is not a result of RECENT wrongdoings. This forum has over 400 pages and over 8000 contributions, ALL relating to questionable goings-on right from the very start of the incestuous takeover of the fund. No information ever given. (For good reason) No calls taken. Zixo is casting light on JH's credibility over three years ago here. On the same page (Page 6) there are concerns by Seamisty, Dora'nBoots, Duped & Selciper. (You guys rock!)

FINALLY the behaviour is public & indefensible. But for newcomers who don't have time to go back over the forum's dated capture of events, please see the above post as evidence that the immoral, unprofessional, illegal brazen behaviour exhibited now is just a continuation of all past behaviours.

P.S. It's great to have you back Seamisty!!!!!
 
After returnimg home from my latest (sucessfull)PIF fact finding mission in QLD I finally received the last mailout from the PIF non reaction group of which I felt compelled to share with all of those that have previously shared information with me re wellington capital and all those remotely related. (No wonder no one wanted to be identified with content which is nothing short of libellous!) My attention was drawn by several as to the tacky unprofessional likeness re printing techniques of previous newsletters relating to the :band(drum roll) enneagram.http://www.enneagram.com.au/newsletter/Insight0207v4.pdf Well, I can only guess that perhaps the assumption was partly contributed to the fact that there are 3 key people associated with the Enneagram newsletter that are closely associated with WC::philip Wibaux, Rachel Weeks, David Burke.(Not to mention other 'Staff' members) Two of who were identified at the EGM although david burke was described to me as looking more like a homeless street bum than a sucessfull personality profiling, not for profit cult leader. ( I hope it wasn't him I gave five bucks to begging not far from the Grace Hotel because I am told there is a severe shortage of cash surrounding the WC/G8 compound) I can honestly say I did see two, maybe three insignificant people hanging around JH at the EGM who followed her around like lap dogs standing on strategic corners in the foyers at the Grace Hotel trying to look important, but seriously failing, (until the :fan when there was a flurry of activity)unlike the PIF supporters who wanted to make themselves known!! I hope you realise WC that the bean counters have been active for quite some time, or maybe you do, thats why the desperate measures alarm was activated.
Seamisty

What did a lap dog do to you?
 
I think it will be a very interesting morning at the Brisbane Supreme Court. I think a certain person willl have a very red face to match that very worn and tired red jacket. We need all the votes we can get, keep working to have any friends or relatives to vote. Every one counts. To all those working for the PIFAG keep up the good work and thank you.
 
Re: Octaviar MFS Premium Income Fund PIF

To all new members & visitors to this forum, please take note of the above comments made in June 2008. Yes, OVER THREE YEARS AGO. All of the evil & deception that now defines JH & WC, as shocking & professionally unbelievable as it is, is not a result of RECENT wrongdoings....

Hi DepressedDad,
A lot of work was done in 2008 trying to get ASIC and the NSX to ensure WC provided accurate info to unitholders so we could make an informed decision at the Sept 2008 EGM. We believed WC were not stating realistic forecasts and were providing misleading information to unitholders. ASIC took WC to court in Sept 2008 - this hearing showed WC wrote misleading statements in the Explanatory Memorandum and the meeting was adjourned for one month. Unfortunately a lot of the issues raised by ASIC (& unitholders) were not addressed with the judge saying there was not enough time for WC to provide a defence. So issues like WC’s ridiculous forecasts were not challenged. For an insight into the work done in 2008, have a look at some of the ASIC complaints lodged in 2008. These can be found in the yahoo group under Files\Complaints: http://finance.groups.yahoo.com/group/PIFActionGroup
 
Well thank you Seamisty - had to think for a moment how you had worked that out!!(FB)
I'm hoping for a rather nice present from the Brisbane Court this morning.

:)Happy Birthday John H, yes lets hope Brisbane Court can deliver your Present!!: :)

Regards Mr and Mrs MAE
 
Happy birthday JohnH!!:alcohol::birthday:
I will join in.
And, from seeing you at our Jenny Bashing Conference last week, I would say
you have preserved yourself splendidly through all these turbulent PIF torrents.
And to ALL: Keep On Keeping On,
Warmest,
 
ODE TO JENNY

My dear Jenny,the funds in a mess,
we're all now suffering from far too much stress.
We've listened and learned that the promises made,
were really just empty,a phony charade.
It's got to the stage where we just cannot hack it,
we think it's now time to remove the red jacket.
You've had plenty of time to restructure our fund
but you've left us all feeling quite moribund.
The road show is over,we have all seen the light,
we want someone honest to rescue our plight.
Please walk away Jenny and leave us alone,
you're clutching at straws like a dog with a bone.
The five million's not yours,your wasting your time
your profit's been realized for no more than a dime.
You took over the fund for less than a cent
and now it's milked dry leaving only dissent.
With Armstrong Registry and Print mail logistics
and gross manipulation of all the statistics,
you showed your true colours more yellow than red
and knelt down with the pigs at the trough to be fed,
from the scraps of our savings all showing a loss
the false updates kept coming without giving a toss.
The ring in's and stand in's that you hired to deceive,
will not help the judge give you any reprieve.
Stand up and be counted,now is the time
Be judged by those ruined by your monstrous crime.
Get out now Jenny,before it's too late,
the investors are not only angry but full of hate.
You defrauded their savings you just can't do that
Just walk away Jennay and hand over the bat.
 
Web Cast Information Session for All Investors including Q & A
A web Presentation will be held for all investors on 6 July 2011 with an interactive question and answer session available to all participants on the web cast. We urge all unit holders to log onto this web link to receive the latest update. Time 5.00pm (Eastern Standard Time) Date Wednesday, 6 July 2011 Web link ;;;;http://www.brr.com.au/event/82029
 
HAHA Blueboy1!!! I can just feel the LOVE (not) emmanating from your 'ODE TO JENNY'!! I have no doubt it will be amongst other ASF posts discussed at smoko this morning at the Wellington Capital bunker while other senior executives and body guards are otherwise occupied in court. (hopefully handing over legitimate documents) Honestly, between expensive court appearances, illegal capital raisings and recruitment campaigns is it any wonder PIF investors have had a gut full of current WC mismanagement??? Seamisty
 
Thanks Blueboy - maybe we should put on a show after next weeks meeting!! lol

.................. or maybe a wake!!!
 
He that loses wealth loses much;
He who loses a friend loses more;
But he who loses courage loses all.

Miguel de Cervantes

Well, we have to do something while we are impatiently waiting for the judgement Selciper.
 
An object at rest will remain at rest unless acted on by an unbalanced force.

An object in motion continues in motion with the same speed and in the same direction unless acted upon by an unbalanced force.

For every action there is an equal and opposite re-action.
Sir Isaac Newton
 
Looks like no final result in court today. They are scheduled again for 9:00am Thursday, according to the Commonwealth Court portal.
 
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