Well said, contracts fall over, that would be good news because they like all other investments were probably not in the best interest of unit holders. I think I am missing something though. I received a cent return of MY OWN MONEY. The total cost to the fund ,7.5 million dollars. Soon afterwards WC sell 75 million units which adds to the total units in OUR fund , 830 million units up from 755 million.. Why? The opinion has been expressed to me countless times , "WC are trying to 'cobble' together votes for the forthcoming election with no regard to the interest of unit holders as required by the Corporations Act (Cth). To pay a return of our capital to the new unit SOPHISTICATED BUYER, who by the way is still anonymous like the mysterious lender of 5 million dollars we, OUR fund borrowed at 25%, our asset will be depleted far more than the one cent we received. I am having trouble working this out, I know our RE has never embarked upon an Economic venture without an outcome but would'nt we have been better off to not receive the one cent distribution of our own money. This would enable our RE to spend the 7.5 million on whatever it is alleged to be required for and not deplete our asset by well more than one cent. Puzzled you bet I am. BUT WAIT, "THERE IS MORE" IF THE RIGHTS ISSUE is successful our assets will be further diluted, instead of having 830 million units on issue we will have something in the order of 1.2 billion units. A distribution of one cent of OUR OWN MONEY INSTEAD OF COSTING 7.5 MILLION, IT WILL COST 12 MILLION. I could go on and on about the merits of this ECONOMIC VENTURE. What is wrong with borrowing money from the bank by way of individual mortgages, say 15% instead of the 29% WC is intent on doing. However, I will defer to greater minds other than listen to WC. My parting remark, If you owned a business would you run it in this fashion. don't think so. Would you dismiss the your manager I am sure so!!!