Wellington Capital PIF/Octaviar (MFS) PIF

SPLITPIN · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

selciper said:
Splitpin -

These are just random thoughts. Three reps to meet with JH in a non-confrontational manner, primarily to understand and pass on JH's present strategies. The reps, for convenience, should be Queensland residents. They would need a technical understanding of how the fund works, that is to have accounting knowledge.

Dear Selciper

I suppose PIFI and PIF AG would have to indicate through their representatives and communicate if they are interested and put some perceived differences of opinions aside in the best interests of all PIF members.

Regards

Splitpin

selciper · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

Splitpin -

There's no reason why all members of a delegation have to agree with each other. The point of the exercise would be to gather information about the strategies that are planned for us by WC. Surely these plans shouldn't be a secret. It is concerning that WC haven't come good with that ballot for three AG reps. I'm afraid that JH has only herself to blame for not following through in providing this vital communications channel. I'd prefer to read posts demanding action on this front rather than the continual dredging up of the morale-sapping past. The clock can't be turned back. Let's keep our collective eye on the future - the lawyers can dredge up the past.

Cheers

charles36 · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

I have been with this forum since it's inception. Whilst not active participant have read all threads. I feel I know you all personally. I have noticed one constant and that is we are all seeking justice in one form or another. I am 72 years old and have had a lot of knocks in life and this one is not nice. Can somebody please enlighten me as to what action is beiThankng contemplated against those incompetent;;;;;;; who orchestrated this castastrophe. Namely, Peacock, Adams. King, and Hutchings. Plus the auditors who must have known of the loan from RBOS was used in contravention of the PDS. Thanks in anticipation. Charles36.

seamisty · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

charles36 said:
I have been with this forum since it's inception. Whilst not active participant have read all threads. I feel I know you all personally. I have noticed one constant and that is we are all seeking justice in one form or another. I am 72 years old and have had a lot of knocks in life and this one is not nice. Can somebody please enlighten me as to what action is beiThankng contemplated against those incompetent;;;;;;; who orchestrated this castastrophe. Namely, Peacock, Adams. King, and Hutchings. Plus the auditors who must have known of the loan from RBOS was used in contravention of the PDS. Thanks in anticipation. Charles36.

Welcome Charles, I used to call ASIC regularly and ask the same question and was continually told that they were investigating the many complaints and that they were unable to comment on the case. I was also told it is not ASIC's job to track down missing funds, just to bring those to justice if they were found guilty of any wrongdoing. I gave up in the end as I felt I was just wasting my time. I know of others who lodged complaints and provided relevant details to back up those complaints. I did contemplate trying to prove a case of fraud against the directors, but felt that was up to ASIC. If justice is ever done concerning these criminals they would have well and truly divested themselves of anything of value. Regards, Seamisty

selciper · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

Mentioned on this thread previously. From the Australian 14 October 08:

"THE Australian Securities and Investments Commission is suing accounting giant KPMG for $200 million, in a move that could see Westpoint investors compensated for their losses in the property group.

It is believed to be the first time ASIC has taken legal action against one of Australia's top four accounting firms and is one of the biggest cases designed to compensate investors that ASIC has undertaken."

Also, even US VP Dick Cheney is being investigated and facing legal problems according to this afternoon's international wires. The law can have a very long reach.

flatback · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

danger danger said:
My anger toward OCV is mild compared to your hatred of WC now controlling this fund. It is plain as day to see from your many posts, and this taints your judgement of the way this fund is being steered by the current RE. You wanted it to go a certain way and it didn't, something you can't get over and it has manifested into hate. Sorry, just calling it like I see it.

see, as i was infering in an earlier post this is the ramblings of some one who cant get their way, you see danger i did reply to your post some days ago, but some body who can remove threads on a whim removed mine, and i didnt think mine was any more derogative than yours was towards me, ho,hum boring, you have again attacked one of the most informative people on this forum, yet your thread is allowed to pass scrutiny,i'll bet money this is removed, also,G/day to you Great Damei've not seen many posts from you for awhile, keep them coming flatback

danger danger · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

flatback said:
see, as i was infering in an earlier post this is the ramblings of some one who cant get their way, you see danger i did reply to your post some days ago, but some body who can remove threads on a whim removed mine, and i didnt think mine was any more derogative than yours was towards me, ho,hum boring, you have again attacked one of the most informative people on this forum, yet your thread is allowed to pass scrutiny,i'll bet money this is removed, also,G/day to you Great Damei've not seen many posts from you for awhile, keep them coming flatback

What you think of my postings...care factor = 0 Capish?
Don't read them, God knows I haven't read anything of yours after your 5th posting..so no sweat.

JohnH · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

flatback said:
I am sorry Kennas but if you the moderaters, had done your jobs, and had somebody checking the threads that were being put on this forum, it wouldnt have degenerated to the standard it has, there are a lot of concerned unit holders out there, who have been trying to get some very important issues to their fellow members out there, but have this constant repetitive rubbish coming out of a few crazy people, it is not a good advertisement is it. yours Flatback

flatback said:
see, as i was infering in an earlier post this is the ramblings of some one who cant get their way, you see danger i did reply to your post some days ago, but some body who can remove threads on a whim removed mine, and i didnt think mine was any more derogative than yours was towards me, ho,hum boring, you have again attacked one of the most informative people on this forum, yet your thread is allowed to pass scrutiny,i'll bet money this is removed, also,G/day to you Great Damei've not seen many posts from you for awhile, keep them coming flatback

"Every speaker has a mouth; An arrangement rather neat. Sometimes it's filled with wisdom. Sometimes it's filled with feet. " Robert Orben

ian1328 · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

As we investors are all in the same boat why not agree to a truce on bickering and nit picking each other and collectively put our energy, resources,knowledge and experience together and carefully watch the actions of WC, ensuring that they ARE in our best interests, list any relevant information on this thread, report them if they are inappropriate and then take action against them instead of the people in this boat who are trying to swim and not sink.

seamisty · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

ian1328 said:
As we investors are all in the same boat why not agree to a truce on bickering and nit picking each other and collectively put our energy, resources,knowledge and experience together and carefully watch the actions of WC, ensuring that they ARE in our best interests, list any relevant information on this thread, report them if they are inappropriate and then take action against them instead of the people in this boat who are trying to swim and not sink.

Well said Ian1328 but I also think that if we want more co-operation from WC re transparency, that cuts both ways. WC deserve the support of all unitholders without having to justify every move thay make, especially when in days gone by some unit holders have not shown the same transparency while working against them. Until everyone is willing to give WC a chance to prove themselves and take into consideration that we are facing extremely difficult times, I am not sure how a united front will be achieved. Seamisty

ian1328 · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

seamisty said:
Well said Ian1328 but I also think that if we want more co-operation from WC re transparency, that cuts both ways. WC deserve the support of all unitholders without having to justify every move thay make, especially when in days gone by some unit holders have not shown the same transparency while working against them. Until everyone is willing to give WC a chance to prove themselves and take into consideration that we are facing extremely difficult times, I am not sure how a united front will be achieved. Seamisty

It is very hard to get a united front and one has to realise that some people will jump off the boat, one has to let them go.

On a far more important matter I intend to pursue the 3 delegate nominees and ascertain why nothing has been put forward by WC. We could start by nominating people on this forum. Who is prepared to be a representative???

seamisty · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

ian1328 said:
It is very hard to get a united front and one has to realise that some people will jump off the boat, one has to let them go.

On a far more important matter I intend to pursue the 3 delegate nominees and ascertain why nothing has been put forward by WC. We could start by nominating people on this forum. Who is prepared to be a representative???

Good luck Ian, sometimes this thread gets 1,000 hits a day, I will be interested to see how many replies you get trying to do something positive, regards, Seamisty

danger danger · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

I would like nothing more than a truce Ian, but this thread is like the old playground at school. One moment it's peaceful, then someone chucks someone else's tennis ball over the other side of the courtyard, then it's ON. I think we are just frustrated that someone has robbed our lunch money, and we can't go to the canteen. Blood sugar levels go down and hunger pains set in...you know the rest!

flatback · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

JohnH said:
"Every speaker has a mouth; An arrangement rather neat. Sometimes it's filled with wisdom. Sometimes it's filled with feet. " Robert Orben

John H you see this is the kind of thing i was talking about, there are definately two schools of thought here, one who thinks they know more than the other, and the other that knows they know more than the other,you it seems think because you are an adviser, are very knowledgeable( so not )as you are in the same boat as the rest of us, and probably have the hounds knocking on the door, and seamisty who i gather works for Jh, the one who cannot do any wrong, and we have the break away group who are just as concerned as we are about our funds, we are all trying in our own way(passivelyas i chose to be ,agressively as some late comers are appearing to be, and constructively which both Dora and Seamisty have shown great ability to procure some of their very interesting threads, but unfortunatly have let their personal feelings get in the road of reason at times, believe me when i say i have no ill feeling against any of you, but i think we have lost the plot.Flatback

Burnt · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

flatback said:
John H you see this is the kind of thing i was talking about, there are definately two schools of thought here, one who thinks they know more than the other, and the other that knows they know more than the other,you it seems think because you are an adviser, are very knowledgeable( so not )as you are in the same boat as the rest of us, and probably have the hounds knocking on the door, and seamisty who i gather works for Jh, the one who cannot do any wrong, and we have the break away group who are just as concerned as we are about our funds, we are all trying in our own way(passivelyas i chose to be ,agressively as some late comers are appearing to be, and constructively which both Dora and Seamisty have shown great ability to procure some of their very interesting threads, but unfortunatly have let their personal feelings get in the road of reason at times, believe me when i say i have no ill feeling against any of you, but i think we have lost the plot.Flatback

Hi Flatback,

Very much like the sentiment of your post.

We all need to stick to facts and not feelings. Some percieve others to be bullies and visa versa. There's no need to resort to this kind of attitude.

We should all be sharing facts as we come across them. We all make errors and correction of those errors should be accepted in good spirit.

Factual information is beneficial to everyone. We should all take note of facts and analyse their usefulness in helping us determine the exact postion we are in.

For example, in the current Bond Street Custodians case that Wellington is having to defend, Bond St has commenced action against Wellington Investment Mangement Limited (as RE of the WPIF). JH has stated that WC intends to vigorously defend this claim on behalf of all unit holders. How exactly are all unit holders at risk with this claim ? The claim seems to be against WIM not PIF ?

If anyone can provide some substantiated facts in this matter, all of us would be better informed.

flatback · 20 November 2008

Re: Octaviar MFS Premium Income Fund PIF

danger danger said:
What you think of my postings...care factor = 0 Capish?
Don't read them, God knows I haven't read anything of yours after your 5th posting..so no sweat.

mate you weren't around when i posted my fifth posting you are a late comer,if you were around, you would understand i believe in all postings that make sense, not drivel.

Burnt · 21 November 2008

Re: Octaviar MFS Premium Income Fund PIF

flatback said:
mate you weren't around when i posted my fifth posting you are a late comer,if you were around, you would understand i believe in all postings that make sense, not drivel.

Ahhhhh........Flatback, don't be fooled. Danger comes in many forms (and names).

Don't be taken down by nasty personal attacks. Truth always comes out on top.

seamisty · 21 November 2008

Re: Octaviar MFS Premium Income Fund PIF

flatback said:
John H you see this is the kind of thing i was talking about, there are definately two schools of thought here, one who thinks they know more than the other, and the other that knows they know more than the other,you it seems think because you are an adviser, are very knowledgeable( so not )as you are in the same boat as the rest of us, and probably have the hounds knocking on the door, and seamisty who i gather works for Jh, the one who cannot do any wrong, and we have the break away group who are just as concerned as we are about our funds, we are all trying in our own way(passivelyas i chose to be ,agressively as some late comers are appearing to be, and constructively which both Dora and Seamisty have shown great ability to procure some of their very interesting threads, but unfortunatly have let their personal feelings get in the road of reason at times, believe me when i say i have no ill feeling against any of you, but i think we have lost the plot.Flatback

Flatback some have lost the plot more so than others so will help you get back on track here. JohnH and myself are nothing more sinister than unitholders. It is precisely this style of post that creates animosity. Please get your facts straight before making inflaming, incorrect assumptions on here that are not exactly helpful in creating a united group. Seamisty

Sean K · 21 November 2008

Re: Octaviar MFS Premium Income Fund PIF

Starting to get a little heated again team.

Not blamming anyone but just cool it.

Cheers,
kennas

(PS, if anyone want to get on the right side of the Mods, keep mentioning us in glowing terms and all our good work here. Thanks! )

JohnH · 21 November 2008

Re: Octaviar MFS Premium Income Fund PIF

kennas said:
Starting to get a little heated again team.

Not blamming anyone but just cool it.

Cheers,
kennas

(PS, if anyone want to get on the right side of the Mods, keep mentioning us in glowing terms and all our good work here. Thanks! )

y todos ellos tienen tremenda sentidos del humor - que pensamos!

:burn:We think our Moderators, are wonderful! :burn:

Wellington Capital PIF/Octaviar (MFS) PIF

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