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So Jenny will be going to bed for 4 sleeps with that SICK feeling in her stomach we all felt when we realised we'd been duped... remember? It's been a slow process but justice begins.....
Wellington Capital PIF/Octaviar (MFS) PIF
- Thread starter breaker1
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So Jenny will be going to bed for 4 sleeps with that SICK feeling in her stomach we all felt when we realised we'd been duped... remember? It's been a slow process but justice begins.....
Hi John..........if you type the first ten words of the first sentence , "Later....etc..." in your search bar, in will direct you to a link that you should be able to open.
Hope that helps....
Thanks KS, when I google it it brings up the article which is the same as the link I posted. (which still works) Just wanted to see if it was a different report on the fiasco.
Does anyone know if submissions have finished, and that Monday is Judgement Day:behead:?
.............. John H (I wish I didn't have those initials!)
Hmmmm......I agree seamisty, Bodyguards, advisors, legal teams surrounding her every move, not to mention the ordinary bystanders and neglected elderly investors.
In everything thats been said there is just one catch in making statements which aren't really proven until tested.
There are all sorts of security surveillance in the grace hotel.
Guess that comes to mind later... :dimbulb:
I wonder what implication this will have for our planned meeting 14 July? Certainly it would be difficult to have a judgement on Tuesday if hearings are continuing on Monday.
Is WC purposely drawing out proceedings to disrupt the meeting? (I don't know why I thought that could be the case!!
)Again travel plans etc thrown into disarray??
I wonder what implication this will have for our planned meeting 14 July? Certainly it would be difficult to have a judgement on Tuesday if hearings are continuing on Monday.
Is WC purposely drawing out proceedings to disrupt the meeting? (I don't know why I thought that could be the case!!
Again travel plans etc thrown into disarray??
To all. I have mentioned this before and bought it up in the broadcast last night as well. I believe the risk is that with all the on again off again calls for a meeting without finalizing all the legal issues the risk will be that people will either not be able to come because they have already lost money on flights cancelled/postponed, hotels or other travel costs lost or diluted or simply cannot rearrange schedules/work etc and when it comes time that we need as many as we can get there to vote we might find it more difficult due to these disruptions. I mentioned before that if as many things that can be done in the court can be done than that will keep WC/JH in line as Mr Armstrong mentioned last night , any course of action they take that defies a court order or a judgement/decision is in contempt and therefore it makes sure they comply. Hence the register list yesterday is now public record and I'm sure there will be other matters that just need the court to say " okay we have heard all the arguments now this is the judgement" Act accordingly.
I really think , and Im sure the powers on our side are doing this but do they probably also do not want to loose the intensity or focus of all the investors and want keep us on the hook so to speak. Well I'm here to tell them all after all that has happened, I'm not going anywhere and will support them 100 percent where I can but being interstate like many and with air travel a little " up in the air" ( excuse the pun) it's tough to keep rearranging/rescheduling. Should a judgement not come down in time or come the day prior and is not in line with expectations a days notice is not much. Let's get as many ducks in row as we possibly can and then drop em like flies.
Food for though
Thanks for the excellent link Lavis - welcome to the Aussie stock forums
http://www.couriermail.com.au/ipad/hutson-denies-hiring-actors/story-fn6ck2gb-1226089205539
Hutson denies hiring actors
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.
Ms Hutson said PIF investor John Grant had organised the gathering of investors ahead of the meeting and she was asked to briefly address them. She said she spoke for just a few minutes to only 70 investors and knew nothing more about Mr Grant's plans.
Yet Peter Dunning, SC, acting for the rebel PIF Action Group seeking to oust Wellington as fund manager, described the gathering of actors as a "sham" aimed at influencing the share register ahead of voting.
He referred repeatedly to an affidavit submitted to the court by aspiring actress Nada Sefian, a Sydney flight attendant who alleges she was among 200 actors paid $26.63 per hour by a talent agency and given 1000 units in the PIF to help sway the outcome.
Ms Sefian said in the affidavit she had never before heard of Wellington or PIF and alleges that Ms Hutson told the group she needed their votes to chair the meeting.
http://www.couriermail.com.au/ipad/hutson-denies-hiring-actors/story-fn6ck2gb-1226089205539
Hutson denies hiring actors
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.
Ms Hutson said PIF investor John Grant had organised the gathering of investors ahead of the meeting and she was asked to briefly address them. She said she spoke for just a few minutes to only 70 investors and knew nothing more about Mr Grant's plans.
Yet Peter Dunning, SC, acting for the rebel PIF Action Group seeking to oust Wellington as fund manager, described the gathering of actors as a "sham" aimed at influencing the share register ahead of voting.
He referred repeatedly to an affidavit submitted to the court by aspiring actress Nada Sefian, a Sydney flight attendant who alleges she was among 200 actors paid $26.63 per hour by a talent agency and given 1000 units in the PIF to help sway the outcome.
Ms Sefian said in the affidavit she had never before heard of Wellington or PIF and alleges that Ms Hutson told the group she needed their votes to chair the meeting.
Agreed Elizaman, It cost me around $100 in cancellation fees for the last one, and I won't be booking for Thursday until I am sure that the meeting is on. Having said that, the Judge seems to be quite sympathetic to our demise, and hopefully will give an early judgement.
Raptis Group moves to return to trading - I wonder if RAPTIS have EVER paid off what was owing to The PIF???
http://www.couriermail.com.au/busin...eturn-to-trading/story-e6freqmx-1226088361133
FAILED Gold Coast developer Jim Raptis is aiming to get back into the property game two years after his building empire crashed with $1 billion in debts.
http://www.couriermail.com.au/busin...eturn-to-trading/story-e6freqmx-1226088361133
FAILED Gold Coast developer Jim Raptis is aiming to get back into the property game two years after his building empire crashed with $1 billion in debts.
Where would investigators start. How would they eliminate all the suspects who would have some sort of gripe against Wellington Capital, S8, GB and any other *'s now or in the future.
My sentiments exactly Charles. It's easy to make a statement.
Now, Wouldn't it be Interesting if evidence is around which proves opposite to whats claimed??
I'm afraid wellington Capital S8 GB are certainly gathering an enormously long list of interested people who would like to play a game of Rugby with them...and the list is growing.
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So now we're getting to the nitty gritty & the courts will decide what crimes have been committed. Let me get this right. WE allege JH (not you John) & WC have lost 600 million from the fund through many & varied illegal, immoral & downright disgustingly dishonest doings, and she alleges....... a 'shoulder charge!'
Is that the best she's got? Is it in response to our allegations or a whole new sympathy puller? (My sympathies go to the physio and his table.) Did she give names to the Police and has she pressed charges?? I almost feel sorry for her (note I said almost) if that's her ONLY pathetic response to these crucifying career ending revelations.
No wonder someone was laughing in court. You're a JOKE Jenny. Shoulder charged indeed! Bleat bleat!! I reckon she was shoulder charged by her enneama mates lining up at the trough for the last drops. Look at it as good training for prison.
Not an article that aids the digestion of breakfast this morning, sadly
http://www.couriermail.com.au/ipad/investor-group-made-capital-error/story-fn6ck2gb-1226090110431
Hope Monday goes better
http://www.couriermail.com.au/ipad/investor-group-made-capital-error/story-fn6ck2gb-1226090110431
Hope Monday goes better
AH yes...Queensland :Beautiful one day.....
nil desperandum We have a very fair and learned Judge.
With the possible exceptions of the Church and the Monarchy, no institution has as many good customs as the Law and the Courts. Today, customs associated with the Church and the Monarchy are constantly under attack. We should not assume that our own customs will fare any better. The Law, the Courts, the Judges do not exist as forces of nature. Those institutions have been created by human beings to serve the needs of communities of human beings and will survive only for so long as they do so. We should remember that. (My emphasis)
Justice J.A. Dowsett February 2011
With the possible exceptions of the Church and the Monarchy, no institution has as many good customs as the Law and the Courts. Today, customs associated with the Church and the Monarchy are constantly under attack. We should not assume that our own customs will fare any better. The Law, the Courts, the Judges do not exist as forces of nature. Those institutions have been created by human beings to serve the needs of communities of human beings and will survive only for so long as they do so. We should remember that. (My emphasis)
Justice J.A. Dowsett February 2011
Hi All, Constantly reading the forums every day, we will be writing to ASIC to try and help throw more weight.
I often wonder if there is anybody out there from the original MFS days that are on our side
Maybe the Commission Cheque was everything and pride had nothing to do with it
I often wonder if there is anybody out there from the original MFS days that are on our side
Maybe the Commission Cheque was everything and pride had nothing to do with it
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Might I suggest that if the egm is adjourned again that a Melbourne location should be considered. The turnout at the first WC meeting was far in excess of the reported 150 at the last adjourned meetong Sydney.
Reasonable there were far more than 150 people at the EGM in Sydney. I think the approx figure of actual unit holders was 150 but there were many more attending who held a proxy for other unitholders who could not attend. By my calculations there was in excess of 300 people in the Pinaroo room and that did not include the rent a crowd from the casting agemcy who were not permitted to attend. There were a few there who I believe had been coerced to attend to vote in favour of WC from a PIF related property in Victoria.
The majority of PIF unitholders actually reside in NSW so it is seen as the logical place to hold the meeting, making it not as far for those to travel from Vic and QLD.
WC spent vast amounts of money supplied to them from associates/directors from MFS/OCV to spread their BS that convinced so many of us to vote for WC originally. I believe that money could well be part of the 'preferential payments' that is being investigated by Bentleys as part of the Public Examinations.
Seamisty
