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Wellington Capital PIF/Octaviar (MFS) PIF

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Today's Courier Mail coverage is bad publicity for Wellington - very bad indeed for its corporate image. Readers always notice tell-tale lines like "Ms Hutson did not return calls yesterday."
 
Blueboy I just tried it again and it opened, then on the page towards the bottom of the left hand side is the provision that says ::Join The Premium Income Fund Mailing List with a box to enter your email address. Is anyone else having problems?
Seamisty
 
Blueboy1 said:
Seamisty,I have repeatedly tried to get this link to work without success. I have entered my email address but all I get is "Server not found", I reported it to Cascap yesterday.
Regards,
Blueboy1
Click to expand...

Not sure what the problem is but it worked for me. Maybe try copying the link text and paste it in a separate page in your web program. cheers, sue
 
I have just seen WC's take on this mornings hearing and the postponement of the EGM. But what is the PIF AG report?
 
Wednesday 8th June 2011http://www.nsxa.com.au/ftp/news/021724084.PDF
Unit holders
Premium Income Fund
Dear unit holders,
Takeover bid by ALF PIF Finance Limited (ALF) for Premium Income Fund
(PIF).
The Takeovers Panel pursuant to orders require ALF PIF to inform the market of
information that is already the subject to the Takeovers panels release, these
notifications include:
● On 3 June 2011, the Panel made a declaration of unacceptable circumstances
and orders. A copy of the Panel’s declaration and orders was released on NSX
on 3 June 2011.
● That the bid ended on 28 February 2011 without conditions having been meet
or waived by the bidder.
● ALF has not and will not be processing any acceptances in relation to the bid
and all acceptances will be returned to unit holders.
ALF will separately provide a release regarding information investors should be
aware of which will not be reviewed or endorsed by the Panel.
Michael Pakula
Chairman
ALF PIF Finance Limited
 
This is certainly going to give JH and Wellington Capital some breathing space.
Hopefully more investors can be better informed about wellington and the shady deals that have been occuring before the 23rd of June.

I'm just waiting to see what miraculous new ploy is going to be headed our way by Wellington.

Lets just face it no one wants wellington Capital to be involved with the PIF.

Didn't JH publicly say she would resign at one of the Wellington Capital bigtop events that were designed to be led to vote for her?
 
Zixo I bet there are some fairly relieved professional and sophisticated investors out there who decided NOT to purchase the remaining 38million units that were originally on offer in the initial placement of 113million units. The as yet unamed professional and sophisticated investors who took up the other 75.5million new units are probablly chomping on antacids at the moment waiting on an outcome. I wouldn't be holding my breathe either if I was them, thinking they will be included in any proceeds from the Class Action.
'For those dominated and motivated by greed, may your wallets bleed'
Seamisty
 
Just came back from Port Macquarie Info meet with Castlereigh's Phillip Armstrong.
Attended by 14 of us; that however happened because of time notice confusion.
No matter, the main points on top of what surfaced so far:
1. none of the Placement and Rights Issue units will be counted in the ballot
2. proxies sent to Wellington's Armstrong Registry will be RETURNED to Computershare and it is Computershare Registry which will handle ALL proxy count and verification.
3. reason for postponent to 23 june is that the hearing will be on 14 june and whatever Judge's decision, the 2 day gap (16 june meeting) is insufficient to inform the members of these decisions, etc

That's what I think I understood. And hoping corroborations will follow shortly.

Another strong point made for "maximum of us" to attend the meeting:
OUR VOTING PRESENCE IS NEEDED ON THE FLOOR TO ELECT A CHAIRPERSON.
We need a PIF tinted Chairperson and Proxies will not help there.

Regards, keep the Faith
 
Does any person know the identity of the anonymous "The PIF REACTION GROUP" I for one would like to meet with the author or authors of the "waste of paper" leaflet delivered to my home. I believe at some stage I have met the suspected source of the document. However, I am very busy with a very important task and I will not succumb to the filthy tricks campaign. When time permits I intend to look further into the matter. I would like anyone that may know the identity of the persons concerned to contact me. Just for the record, I have never met Mr. Jim Byrnes or any of his associates and by the way I do not intend to do so.
 

From 7420 post: "...THE NAME DISCLOSED WAS "MATT DURACK" OR THEREABOUTS."
This was a phone-out, supposedly from Wellington's hirelings; but I strongly suspect the leaflet-ters and phone-rs are connected by the same employer.
Regards,
 
Re that statement by Husuon. It's typical of her to make snooty observations in arguments. It's easy to remember her "morally indignant" views of Andrew Peacick, too. The trouble is that often it's the pot calling the kettle black. She has little that's fresh and original left to say.
 

And the part of her comment: ''I am surprised at having brought an urgent injunction application that the applicants were not in a position to have the matter determined finally today,''
Does not mention her own "efficiency" in recovery action for $147.5.
Did she get instant result the moment her Wellington lodged THAT application?
What a horribly rogue thing to say.
Regards,


Read more: http://www.smh.com.au/business/fitt...nowchairman-20110608-1ft8r.html#ixzz1OjuPLDwR
 
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