I did initially ian1328, but have since changed my mind. Perhaps it would be an idea to contact WC as to what their intentions are in regard to the Investor Advisory Committee. SeamistyIs anyone going to put their name forward on this thread to act as a delegate?
Yes there has been one person i know / Dane //Is anyone going to put their name forward on this thread to act as a delegate?
Hi Burnt,Hi Flatback,
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.
Hi Burnt,
If the Bond Street claim wins, where do you think the funds will actually come from?
Regards, RickH:couch.
My vote is for Dora. Dora is always objective, analytical and doesn't waffle. Despite what some contributors have said, I don't believe Dora's intent is to permanently stick the n'boots into WC - rather to ensure protocol, regulation and promised results are adhered to. As far as I'm concerned that is good representation.
.....Perhaps it would be an idea to contact WC as to what their intentions are in regard to the Investor Advisory Committee. Seamisty
Sorry Splitpin, I'd actually prefer to pass on this one, I fully endorse what ian1328 proposes and I hope if he/she achieves this objective. Because of my previous willingness to communicate with WC I have been called a 'dictator, puppet, WC employee, JH's personal assistant,'and numerous others, so I am not prepared to source further information and post it publically until such times as it is fully appreciated and recipricated. Every unitholder has access to any information that is available to myself by doing what I do, and that is by e-mailing WC or calling the hotline. There has been in excess of 1100 hits to this thread in the last 24hours, surely the responsibility of sourcing information can be a bit more evenly distributed amongst unitholders. I am actually dissapointed at how little response ian has got. SeamistyDear Seamisty
In that you have previously indicated your willingness to communicate with WC, would you please request and advise us of WC progress on this issue.
Regards
Splitpin
Sorry Splitpin, I'd actually prefer to pass on this one, I fully endorse what ian1328 proposes and I hope if he/she achieves this objective. Because of my previous willingness to communicate with WC I have been called a 'dictator, puppet, WC employee, JH's personal assistant,'and numerous others, so I am not prepared to source further information and post it publically until such times as it is fully appreciated and recipricated. Every unitholder has access to any information that is available to myself by doing what I do, and that is by e-mailing WC or calling the hotline. There has been in excess of 1100 hits to this thread in the last 24hours, surely the responsibility of sourcing information can be a bit more evenly distributed amongst unitholders. I am actually dissapointed at how little response ian has got. Seamisty
You are not alone Seliper . I have given up trying to get some info on the hot line from them We may have to wait till the ACM in about 11 months time / Dane ///Is it asking too much of WC PIF to give its 10300 investors an update? My patience is wearing thin. Am I alone in feeling like this?
Great Dame - Yes, the so-called hotline has become no more than a chat line, a sort of pseudo therapy session. JH put her hand up to fix things up, but she seems to have overlooked the importance of regular, reliable communication. The Board must also shoulder responsibility for this serious failure.You are not alone Seliper . I have given up trying to get some info on the hot line from them We may have to wait till the ACM in about 11 months time / Dane ///
Simgrund thank you for your concern, which many have lacked over the past few weeks (in regard to our fund) my reasoning all along has been to try to keep a straight and narrow sensible line on our predicament, for some who haven't read my threads on this forum beyond number 5, surely would have seen that my concerns have always supported (Great Dame ) NO NSX, and for those that shafted me about the 3 ag members being given a chance to speak on our behalf ( which was touted at one of the meetings with JH) it was mentioned!!, my only other very strong feeling was forming an associated group and take control ourselves,(which in the present climate wuold have been a form of harikari) and finally i have never claimed to be a master of investment in funds of any kind, i am just like the rest of us, been hoodwinked by blo--- experts, as this issue we are in, has nothing to do with the global meltdown in the financial world , this came along well before anything started world wide. have a fine day dangler.FLATBACK, BURNT,
PERSONAL THANKS FOR YOUR POSTS 3698 & 3999 RESPECTIVELY.
THIS RESURRECTION OF COMMON SENSE IS COMING JUST IN THE NICK OF TIME.
IT SEEMS THAT A NON-DENOMINATIONAL AND COMMON DESIRE NOW IS TO ESTABLISH 3 MEMBER INVESTOR REPRESENTATION TO jh FOR WEEKLY OR FORTNIGHTLY BRIEFINGS.
LET'S CONCENTRATE ON THIS NOW AND SHOW RESULTS OF SUCH COMMON PURPOSE; BEFORE CHRISTMAS?
FLATBACK, BURNT,
PERSONAL THANKS FOR YOUR POSTS 3698 & 3999 RESPECTIVELY.
THIS RESURRECTION OF COMMON SENSE IS COMING JUST IN THE NICK OF TIME.
IT SEEMS THAT A NON-DENOMINATIONAL AND COMMON DESIRE NOW IS TO ESTABLISH 3 MEMBER INVESTOR REPRESENTATION TO jh FOR WEEKLY OR FORTNIGHTLY BRIEFINGS.
LET'S CONCENTRATE ON THIS NOW AND SHOW RESULTS OF SUCH COMMON PURPOSE; BEFORE CHRISTMAS?
I personally think it would be unfair (and undemocratic) to those unit holders that don't participate on this forum & who may have nominated to be part of the Advisory Committee, for a few forum members to select a delegation of unit holders. It is a possibility that the outcome of this would be that WC would accept this delegation of unit holders as an alternative to the Advisory Committee. We are unsure what the exact rights and powers of the Advisory Committe would have, but at least what we have been told is that it will ensure investor input. What rights & powers will the delegation have, will they be there just to pass on information on behalf of WC ?
An interesting and correct comment Burnt. However from when I asked for nominees to put themselves forward on this thread almost a week ago not ONE person has put their hand up and there has one nominee. It could very well be that no one who reads this forum chooses to be a representative and how they are then to be elected? As for what there powers will be, I wouldn't expect too much but hopefully an insight into the developments and progress of our fund with an avenue to monthly reporting to the unitholders.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?