That is nots Burnts job to do that Thats for your friends a WC to do that //////Knowing the information you received from Computershare was completely incorrect Burnt, I hope you drew the person's attention to that fact so others are not given the wrong information also. Seamisty
Can anybody enlighten us all as to the progress and status of the 3 PIF Unit member respresentation team to be appointed to WC and how it will function etc.
It's called prioritising, I know that's where I want all resources available to go to. But don't worry mate, I am sure your seat at that committee will await, if you or any of the PIFI mob get a vote.
Dear Danger
Dont worry, I did not nominate as I did not want to sit next to you.
Regards
Splitpin
I telephoned Computershare two weeks ago to inform them that I wanted my PIF payment made to a particular bank account. Previously, payments had been divided between two accounts. Well, the assistant told me that they had nominated one of the two accounts themselves for me and that was that. Could I change it? Yes, but it would take time to alter the BSB etc and would require that I fill in a Computershare form. (I could do it on my phone pad, I was also told. I wasn't going to risk that, thank you very much.) They would post a form out to me. After two weeks, there is no sign of it!
Sorry Mr Danger Man Splitpin has won & there is no second price //
When those who are presently oblivious about the payment cancelation discover the facts, the WC hotline will become - excuse the pun - severely overheated. The situation has the making of a serious shambles. I hope that I'm wrong.
Thanks for the info. Well, Computershare didn't mention the on-line facility to me. Yet another task! It was supposed to be a seamless transition from MFS/Octaviar to WC.
then how in gods name are the three representatives from our group ( who are supposedly going to be appointed to WC board to look after our interests) going to do their job,
Ian1328 -
I had meant to add that this thread has more or less eased us contributors into the bad news. But for those who are only just finding out about the non-payment, it will come as a huge bombshell. And herein lies a problem for WC. The large hunk of support they have developed amongst investors has the chance of turning sour. The sooner some finance-savvy AG people are elected the better.
Careful Flatback... you're starting another rumour. My reading of the role of the Advisory Committee is to advise the RE Board NOT TO BE APPOINTED TO THE BOARD!
And for all of you, go to the WC web site for this October 28 announcement to the NSX and unit holders:
http://www.newpif.com.au/investor_updates/NSX Release - 28.10.2008.pdf
I go to the WC's newpif.com.au site every day to catch the lastest announcements. You'd be crazy to rely on this forum for info!
Regards to all...
Rance
Rance get this and get it from somebody who does not like to be misrepresented by the likes of you or anybody else on this forum, at no time did i say what you have intimated i said, the facts are! if you want to go back and check the facts????? the board had infered they were open to a representative from this forum (which has turned out to be a representation of three) which i am sure was welcomed by all and sundry at the time, i suspect that this thread will not see the light of day because i am seeing more and more that our views are not allowed to be aired on this forum because of a few, that seem to have a lot of power over the organisers of this forum (winging about a few comments directed at them or their policies)(at times well directed i might add )well we will see if i am right .FlatbackCareful Flatback... you're starting another rumour. My reading of the role of the Advisory Committee is to advise the RE Board NOT TO BE APPOINTED TO THE BOARD!
And for all of you, go to the WC web site for this October 28 announcement to the NSX and unit holders:
http://www.newpif.com.au/investor_updates/NSX Release - 28.10.2008.pdf
I go to the WC's newpif.com.au site every day to catch the lastest announcements. You'd be crazy to rely on this forum for info!
Regards to all...
Rance
Burnt to some extent i agree, my answer to you is, yes we may have the unfortunate misrepresentation by WC on this account, but who are you having a go at ,is it WC Rance or me, because the documentation on this forum clearly states that what i had said was quite true, we gain nothing from having people shafting each other without having the proof to back up what we say, what you said was right, at this point in time yes it is trivial to bring this up to a degree , but the point was made to highlight a problem we are having with our RE, for no other reason, so again Rance (you cant see the forest for the trees )FlatbackRance, can I ask where you found information on this "Advisory Committee"?
What exactly is their role? (how much advice & suggestions from unit holders did JH take on board from the investor forums - none)
What are their responsibilities?
What power do they have?
What are their liabilities in representing others? (or misrepresenting others)
How are they selected?
Even though this is a relatively trivial matter at this point in time, it is again another example of deception and misleading information from WC (or in this case hardly any information), and we are left guessing.
And you are right, everyone reading this thread should be very careful about the information supplied here - especially when it is sourced from WC - time and time again it has proved to be BS ! Including the Update of 28th October.
I believe that this "Advisory Committee" is just another stunt to instill confidence in unit holders, when in fact it will be a useless, powerless group of people that will be hand picked by JH to serve themselves.
I know of one unit holder that was personally approached to join this committee. He declined because his belief (as is mine) is that unit holders would be best empowered by having at least two unit holders (elected by unit holders) given positions on the board of directors of WC. Why shouldn't we have this kind of real power. It is our money that these inept people are making decisions about.
Wellington Capital is the perfect example of a company that financial experts around the world are currently blaming for the current crisis - financial companies that engage in the practice non-disclosure or only provide misleading & deceptive information to investors. These are the types of companies that have destroyed all confidence - with good reason.
MFS / Octaviar / Wellington - it still continues until we all stand up and do something to put a stop to them !
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