Australian (ASX) Stock Market Forum

Wellington Capital PIF/Octaviar (MFS) PIF

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We and Dora spent a whole day in court. Morning was taken up both legal teams arguing various points of law, and to what was, or wasn't admissible. JH's mob tried hard to exclude the share register but were overruled by the judge who allowed 3 pages to be photocopied and admitted as exhibits. These contained what seemed to be evidence of shenanigans involving the rentacrowd at the meeting she had on 23/6 one floor above us.
I really don't want to be more specific at this stage as the case is ongoing.
Afternoon consisted of cross-examinations.
It was gratifying to see JH under the grill; the first time without the trademark red jacket. It was all black with a string of pearls yet! :nuts:
The judge pulled the plug on proceedings at 5 pm after the crossexaminations were over. Tomorrow (Thursday) at 9 am the lawyers will deliver their submissions and hopefully we will get a verdict. We will not be in court tomorrow.
Peter Grenadier & Mark Hodges came from Sydney, then spent most of the day sitting outside the courtroom, before being called to testify just prior to 5 pm. They each had only about 5 minutes each. Then it was back on the plane to Sydney. We really owe these guys a debt of gratitude.
Cheers:goodnight
 
BootsnAll said:
We and Dora spent a whole day in court. Morning was taken up both legal teams arguing various points of law, and to what was, or wasn't admissible. JH's mob tried hard to exclude the share register but were overruled by the judge who allowed 3 pages to be photocopied and admitted as exhibits. These contained what seemed to be evidence of shenanigans involving the rentacrowd at the meeting she had on 23/6 one floor above us.
I really don't want to be more specific at this stage as the case is ongoing.
Afternoon consisted of cross-examinations.
It was gratifying to see JH under the grill; the first time without the trademark red jacket. It was all black with a string of pearls yet! :nuts:
The judge pulled the plug on proceedings at 5 pm after the crossexaminations were over. Tomorrow (Thursday) at 9 am the lawyers will deliver their submissions and hopefully we will get a verdict. We will not be in court tomorrow.
Peter Grenadier & Mark Hodges came from Sydney, then spent most of the day sitting outside the courtroom, before being called to testify just prior to 5 pm. They each had only about 5 minutes each. Then it was back on the plane to Sydney. We really owe these guys a debt of gratitude.
Cheers:goodnight
Click to expand...
Thanks BootsnAll. I wonder how JH coped under so much pressure? Or did she get the chance to pace the street outside as at the Sydney EGM where it was observed (yes WC, we also observe the observers) that JH was hyperventilating, frothing at the mouth (ie. swearing) and had to be constantly reassured by the hired goons to calm down, and this was as a result of being told to re locate Armstrong registry services!!! One can only picture the
ensuing scenario after JH realised the game was up and the WC 'rent a crowd' was exposed and shut out of the EGM!! Any wonder JH was missing in action when she should have been addressing PIF investors?? Not exactly professional behaviour one would expect from someone who touts such glowing business credentials? ( Or was it just a severe menopausal hot flush?) The professionals I deal with call it 'unstable behaviour'. Seamisty
 
Was great to hear Phil Armstrong’s presentation this afternoon. Thanks to all who made that happen.
Phil’s response to my email question re ASIC’s ability to cancel Wellington’s License to be RE of the PIF should they deem her unfit in light of illegal/ fraudulent behaviour, has encouraged me to write to ASIC (again) about this particular matter.
Castlereagh indicated ASIC were being approached in this regard by themselves and PIFAG and encouraged investors to contact ASIC to add to the swell of discontent re this matter.
I, also, am encouraging other investors to let ASIC know your outrage at JH’s latest illegal ‘follies’ and ( as an investor) ask them to cancel her Licence to be RE the PIF.

'Wouldn’t that be loverly!'
 
At last!
Troops rally to support my efforts to have Jenny choose the lesser of 2 evils and impale herself on the trident of Lunacy, Idiocy and Cretiny.
Your fame precedes you Jenny and the doors are wide ajar.
Great stuff Blueboy and JohnH in nailing your brilliancies on this Forum's
board of "NAME & SHAME".
From many more please. Shed your inhibitions.
Take a cue from Jenny's exemplary "up yours".
Wonderful work from all.
Off to Sydney at 8 this morning. Going early to secure front seats.
See you all there.
Regards,

P.S. Dora, did the pictures come through?
 
Like BootnAll I’ll leave comments till later about yesterday’s hearing. It seemed to go well and was great to have the rent-a-crowd affidavit allowed by the judge, plus the copy of a ‘register’ dated 22nd June 2011.

WC’s barrister came across to me as quite petty. He was yelling at a witness at one point and even accused him of smiling! Is this a crime now? :)

WC’s barrister made some pretty amazing statements about one of us observers in the begining of the hearing, asking the judge to remove one of us from the room. The judge seemed to be annoyed by this attempt and denied WC’s request.
 
lavis said:
Hello,

Things are looking good.
Positive article in this morning's courier mail

http://www.couriermail.com.au/ipad/hutson-denies-hiring-actors/story-fn6ck2gb-1226089205539
Click to expand...
A great article, thanks for the link lavis!!

From the article:'BRISBANE businesswoman Jenny Hutson denied in Federal Court yesterday that her merchant bank Wellington Capital had hired actors last month in a bid to thwart an investor revolt.

The court however heard that local firm Wallace Solutions, run by former Wellington director Craig Wallace, had "gifted" several thousands units in Wellington's Premium Income Fund to up to 200 actors just two days before the aborted June 23 meeting in Sydney' :::

CRAIG WALLACE - NON- EXECUTIVE DIRECTOR, FUNDS MANAGEMENT Anthony Moreton Group
Formerly a director of KPMG Corporate Finance and now principal of The Alternative Advisory Firm

CRAIG WALLACE - 2 May 2008 is appointed a director of OCTAVIAR Investment Management along with Jenny Hutson and Robert Pitt

Craig Wallace - S8 Property Trust Company Secretary and compliance committee member

Craig Wallace - Secretary of James Heading Pty Ltd

Craig Wallace - Substantial shareholder in G8 Education

Craig Wallace - 18 August 2008 Director for the Premium Income Fund



RACHEL WEEKS -Director Anthony Moreton Group
Investment Banking industry August 2006 – August 2007 (1 year 1 month)

RACHEL WEEKS - Was previously a senior associate with McCullough Robertson, Brisbane

AMAZING how the same names keep popping up!!!!!

Seamisty
 
seamisty said:
A great article, thanks for the link lavis!!

From the article:'BRISBANE businesswoman Jenny Hutson denied in Federal Court yesterday that her merchant bank Wellington Capital had hired actors last month in a bid to thwart an investor revolt.

The court however heard that local firm Wallace Solutions, run by former Wellington director Craig Wallace, had "gifted" several thousands units in Wellington's Premium Income Fund to up to 200 actors just two days before the aborted June 23 meeting in Sydney' :::

CRAIG WALLACE - NON- EXECUTIVE DIRECTOR, FUNDS MANAGEMENT Anthony Moreton Group
Formerly a director of KPMG Corporate Finance and now principal of The Alternative Advisory Firm

CRAIG WALLACE - 2 May 2008 is appointed a director of OCTAVIAR Investment Management along with Jenny Hutson and Robert Pitt

Craig Wallace - S8 Property Trust Company Secretary and compliance committee member

Craig Wallace - Secretary of James Heading Pty Ltd

Craig Wallace - Substantial shareholder in G8 Education

Craig Wallace - 18 August 2008 Director for the Premium Income Fund



RACHEL WEEKS -Director Anthony Moreton Group
Investment Banking industry August 2006 – August 2007 (1 year 1 month)

RACHEL WEEKS - Was previously a senior associate with McCullough Robertson, Brisbane

AMAZING how the same names keep popping up!!!!!

Seamisty
Click to expand...

Would "Dingo's" be a good description.

Well done and Thanks to all "The Team" involved, Keep up the Good work
 
Interesting reading on that enneagram.com.au site seamisty. Reminded me of another group.

From http://en.wikiquote.org/wiki/L._Ron_Hubbard

"You don't get rich writing science fiction. If you want to get rich, you start a religion."

"THE ONLY WAY YOU CAN CONTROL PEOPLE IS TO LIE TO THEM. You can write that down in your book in great big letters. The only way you can control anybody is to lie to them."

"If attacked on some vulnerable point by anyone or anything or any organization, always find or manufacture enough threat against them to cause them to sue for peace."

"This is the correct procedure: Spot who is attacking us. Start investigating them promptly for felonies or worse using our own professionals, not outside agencies. Double curve our reply by saying we welcome an investigation of them. Start feeding lurid, blood sex crime actual evidence on the attackers to the press. Don't ever tamely submit to an investigation of us. Make it rough, rough on attackers all the way."

"MAKE MONEY. MAKE MORE MONEY. MAKE OTHER PEOPLE PRODUCE SO AS TO MAKE MORE MONEY."

Smart guy that Hubbard. Although perhaps he's a thorough observer and that such attitudes have been long and widely applied. Hence the need for: 'thou shalt not bear false witness'. I'm not sure how ASIC correlates this with it's 'thou shalt not mislead or deceive'. I'm still trying to work out what that ASIC agent meant by "commercial morality".
 
http://www.couriermail.com.au/ipad/city-beat-zapping-into-town/story-fn6ck2gb-1226089187925

OFF TO A CAPITAL START

COUNSEL for Wellington Capital boss Jenny Hutson got things off to a flying start in Brisbane Federal Court yesterday when he alerted the judge to a person in the court who had allegedly violated a restraining order.

Philip Morrison, QC, alleged that investor Dennis Chapman had been slapped with an "apprehended violence order" after making death threats against Hutson and her staff.

Justice John Dowsett was having none of it and testily noted that police would not be removing anyone from his court.

Outside court, a furious Chapman said he had never been subject to such an order and he vowed to launch defamation proceedings over the matter. He also said he would file a complaint to the Law Society about an alleged falsehood made in Federal Court.

Wellington is hoping to shut down a challenge from investors who want the firm removed as manager of the struggling Premium Income Fund.

Later, Hutson told the court she had been "shoulder charged" at an investor meeting last month, an injury she said her physio likened to a rugby hit, but she decided against mentioning this in an NSX announcement.
 
'Later, Hutson told the court she had been "shoulder charged" at an investor meeting last month, an injury she said her physio likened to a rugby hit, but she decided against mentioning this in an NSX announcement'
http://www.couriermail.com.au/ipad/c...-1226089187925

Perhaps Ms Hutson hurt herself while barging up the stairs when she found out the 'rent a crowd' she knew nothing about could only exit from their 'meeting' room from downstairs and would not be attending the EGM? I believe it was a sight to behold!!! Even the restrictive red jacket had been discarded and I am told Ms Hutson was visibly sweating profusely!!!!

I am sure with so many witnesses around (apart from WC hired hands) a security guard executing a rugby tackle on someone who was constantly under scrutiny by an army of disgruntled investors would not have gone unnoticed? Quite the contrary, the applause would have been deafening!!

Or maybe Ms Hutson tripped and fell while fleeing the scene of the crime, trying to hastily distance herself from the Grace Hotel and a few hundred disgruntled PIF investors who had been informed Ms Hutson had previously committed to address them after the EGM was adjourned but then reneged and could not be located??? We are delighted to present ................ with this years AWARD for the best performance of scenarios, lies and deceit.

Seamisty
 
I am sure with so many witnesses around (apart from WC hired hands) a security guard executing a rugby tackle on someone who was constantly under scrutiny by an army of disgruntled investors would not have gone unnoticed? Quite the contrary, the applause would have been deafening!!


LOL!!!! Thanks Seamisty, this is hilarious.:D
 
On the darker side.....

She wore black trimmed with pearls in the courtroom today,
a solemn reminder that crime does not pay.
Gone was the red coat for which she is famed
the fame juxtaposed for the crimes she is blamed.
Claims of hired actors,she emphatically denied
but the Judge in his wisdom knew she had lied.
The net is now closing,leave no stone unturned,
cover your tracks or you're bound to be burned.
Ego's are shattered when lies are exposed
and the fragments lie scattered in sullen repose.
Tread softly now Jenny,your time has elapsed
the fund that you managed has all but collapsed.
Your days are now numbered,it's hauntingly clear,
no longer we'll be lumbered,instead we will cheer,
'Thank God for Justice'..now that it's prevailed
let the wolves from the gutters be hung and impaled.
The greed that devoured the fruits of our labours,
lies tarred and feathered as we rejoice with our neighbours.
Forgiveness is dormant,there's no longer room,
you're bound for a future of darkness and doom.
The cheats and the liars are always revealed,
as truth finds it's ally in justice appealed.
Your sins are on trial,there is no escape,
the loss of our savings the deceit and the rape,
is finally halted and truth will prevail,
as we laugh and rejoice as you rot in jail!
 
seamisty said:
'Later, Hutson told the court she had been "shoulder charged" at an investor meeting last month, an injury she said her physio likened to a rugby hit, but she decided against mentioning this in an NSX announcement'
http://www.couriermail.com.au/ipad/c...-1226089187925

Perhaps Ms Hutson hurt herself while barging up the stairs when she found out the 'rent a crowd' she knew nothing about could only exit from their 'meeting' room from downstairs and would not be attending the EGM? I believe it was a sight to behold!!! Even the restrictive red jacket had been discarded and I am told Ms Hutson was visibly sweating profusely!!!!

I am sure with so many witnesses around (apart from WC hired hands) a security guard executing a rugby tackle on someone who was constantly under scrutiny by an army of disgruntled investors would not have gone unnoticed? Quite the contrary, the applause would have been deafening!!

Or maybe Ms Hutson tripped and fell while fleeing the scene of the crime, trying to hastily distance herself from the Grace Hotel and a few hundred disgruntled PIF investors who had been informed Ms Hutson had previously committed to address them after the EGM was adjourned but then reneged and could not be located??? We are delighted to present ................ with this years AWARD for the best performance of scenarios, lies and deceit.

Seamisty
Click to expand...

I think I can see some exits that JH could use to back away from phrases "shoulder charged" and "likened to a rugby charge" if need be.

Your Honour:

E.g. I've never been shoulder charged in my life before, so what I felt from that contact, to the best of my knowledge, seemed to be like what the people on TV call a shoulder charge.

E.g. there may have been a misunderstanding in the communication between myself and my physio that resulted in my physio saying that. I'm just forwarding what my physio said.

E.g. I didn't say the contact was as hard as rugby charge. I said it was like a rubgy charge. As in, like body parts, like angles of attack, like motions and like duration was involved.

Looks like fun and games. Not. What a waste of Australian resources (time and money) if it comes to this..
 
seamisty said:
'Later, Hutson told the court she had been "shoulder charged" at an investor meeting last month, an injury she said her physio likened to a rugby hit, but she decided against mentioning this in an NSX announcement'
http://www.couriermail.com.au/ipad/c...-1226089187925

Seamisty
Click to expand...

When you click on this link now Seamisty you get :-
"We could not find the page you requested. This is either because:

There's an error in the address or link you have entered in your browser;
There's a technical issue and the page has not been properly published;
The article was removed to comply with a legal order;
It is an older article that has been removed from the site."

I think I would be on a looser if I took a bet on which one applies! ..... John H
 
Blueboy1 said:
On the darker side.....

She wore black trimmed with pearls in the courtroom today,
a solemn reminder that crime does not pay.
Gone was the red coat for which she is famed
the fame juxtaposed for the crimes she is blamed.
Claims of hired actors,she emphatically denied
but the Judge in his wisdom knew she had lied.
The net is now closing,leave no stone unturned,
cover your tracks or you're bound to be burned.
Ego's are shattered when lies are exposed
and the fragments lie scattered in sullen repose.
Tread softly now Jenny,your time has elapsed
the fund that you managed has all but collapsed.
Your days are now numbered,it's hauntingly clear,
no longer we'll be lumbered,instead we will cheer,
'Thank God for Justice'..now that it's prevailed
let the wolves from the gutters be hung and impaled.
The greed that devoured the fruits of our labours,
lies tarred and feathered as we rejoice with our neighbours.
Forgiveness is dormant,there's no longer room,
you're bound for a future of darkness and doom.
The cheats and the liars are always revealed,
as truth finds it's ally in justice appealed.
Your sins are on trial,there is no escape,
the loss of our savings the deceit and the rape,
is finally halted and truth will prevail,
as we laugh and rejoice as you rot in jail!
Click to expand...

Brilliant Blueboy!! You bring some light to this mess and deception.
 

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