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- 8 July 2009
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Re: Octaviar MFS Premium Income Fund PIF
Well, as you're aware from my posting, I'm an FMF investor. FMF investors generally are not as motivated as many MFS investors seem to be because we're lacking leadership.
The so called group was a self-elected group that proceded on their own to buy the registry disk/s, hook up with Balmain, and the rest is history. They stated clearily on the Phil Pot forum that they proceded by themselves because no one else was doing anything. They canned Phil Pot in their last (and final) update for his lack of co-operation.
So, as an investor in the FMF, I'm disadvantaged (at this time) and I'm interested in improving my chances. It's my motivation to post here - idle chat is a waste of time and will not help get my money back (yes, we're all guilty of idle chat, but nevertheless, it takes us nowhere).
However, all frozen funds do share common traits, as I expressed in my last posting on this thread - I should point out that I post only because I believe what I have to say will be of interest to members here.
How do we get together? Well, the need to get together is clearly going to be driven by common concerns. It's clear that every forum has trouble maintaining threads, and since there is no need for investors in the FMF and MFS to discuss those issues unique to each other, then there is no value to attempt to deal with the issue of common concerns on our existing respective forums.
One suggestion is to set up a simple yahoo forum (takes 5 mins) to create and the sole function of the forum is to formulate ideas, like creation of documents which could sent on behalf of the group to the media and to government.
For example, media documents about dissatisfaction with managers in general and issues relating to lack of transparency and the like. I'm sure there are many issues to raise, especially if the forum is well patronised.
Issues to present to government might relate (among other things) to issues I raised in my previous post.
I'd guess that the forum would be open to members of all managed funds who wish to participate, and even if members don't want to post, they would be able to add their names (or even stage names/handles) to the list of members which would accompany any such document be it to the media or to government.
I think we're all aware of just how few people actually do get involved.
It would be easy to set up a simple vote to approve any document before it is sent.
It's a basic idea, but it'd be a start.
Well, as you're aware from my posting, I'm an FMF investor. FMF investors generally are not as motivated as many MFS investors seem to be because we're lacking leadership.
The so called group was a self-elected group that proceded on their own to buy the registry disk/s, hook up with Balmain, and the rest is history. They stated clearily on the Phil Pot forum that they proceded by themselves because no one else was doing anything. They canned Phil Pot in their last (and final) update for his lack of co-operation.
So, as an investor in the FMF, I'm disadvantaged (at this time) and I'm interested in improving my chances. It's my motivation to post here - idle chat is a waste of time and will not help get my money back (yes, we're all guilty of idle chat, but nevertheless, it takes us nowhere).
However, all frozen funds do share common traits, as I expressed in my last posting on this thread - I should point out that I post only because I believe what I have to say will be of interest to members here.
How do we get together? Well, the need to get together is clearly going to be driven by common concerns. It's clear that every forum has trouble maintaining threads, and since there is no need for investors in the FMF and MFS to discuss those issues unique to each other, then there is no value to attempt to deal with the issue of common concerns on our existing respective forums.
One suggestion is to set up a simple yahoo forum (takes 5 mins) to create and the sole function of the forum is to formulate ideas, like creation of documents which could sent on behalf of the group to the media and to government.
For example, media documents about dissatisfaction with managers in general and issues relating to lack of transparency and the like. I'm sure there are many issues to raise, especially if the forum is well patronised.
Issues to present to government might relate (among other things) to issues I raised in my previous post.
I'd guess that the forum would be open to members of all managed funds who wish to participate, and even if members don't want to post, they would be able to add their names (or even stage names/handles) to the list of members which would accompany any such document be it to the media or to government.
I think we're all aware of just how few people actually do get involved.
It would be easy to set up a simple vote to approve any document before it is sent.
It's a basic idea, but it'd be a start.