Wellington Capital PIF/Octaviar (MFS) PIF

seamisty · 17 June 2011

Hi all, I was contacted by someone from the forum who told me that the first bit of trash mail they received anonymously was posted in a pre paid envelope and I asked them to keep it but because I have received so many private messages lately I accidently deleted the details while clearing my inbox so would you please resend that info or anyone else who got a pre paid envelope who still has it? Thanks, Seamisty

elizaman · 17 June 2011

atlas1950 said:
Hi all,

Any news with the court case of last week re: the capital raising by WC.

Michael

I asked this question a couple of days ago with no reply. Update # 3 mentioned an update on proceedings following June 14th. Wellington PIF web site states in litigation update june 8th that PIF AG were not ready for hearing??? Also states that the rights issue will close as scheduled on june 9 however no allotments until judgement is finalized. PIF AG states judgement hopefully to be handed down on June 20/21. I guess we just wait for judgement assuming all evidnce has been entered and heard.??
In light of events though is the june 23 meeting in Sydney still concrete. Might assist others in travel arrangements?? To reschedule a for a third time might cause some alarm for various reasons. Possibly wait to see final outcome of hearing prior to any EGM meeting schedule??

NOR · 17 June 2011

selciper said:
NOR, is it Wellington or Armstrong Registry?

hi all......selciper....we all know they sleep both in the same bed both in charge of the mail &we r not geting it i have rang wellington 4 times when we do get mail they call me mrs....... &my wife mrs....they dont get much right

MAE · 17 June 2011

seamisty said:
Hi all, I was contacted by someone from the forum who told me that the first bit of trash mail they received anonymously was posted in a pre paid envelope and I asked them to keep it but because I have received so many private messages lately I accidently deleted the details while clearing my inbox so would you please resend that info or anyone else who got a pre paid envelope who still has it? Thanks, Seamisty

Hi Seamisty, I wrote into the forum stating that I had received two envelopes one with a 60c stamp and the other in a prepaid envelope with the markings of (Postage Paid Australia - Sydney Heads, New South Wales) both stamped (HRMC MLOCR 501 31ST MAY 11). I still have those envelopes. Regards MAE

seamisty · 17 June 2011

MAE said:
Hi Seamisty, I wrote into the forum stating that I had received two envelopes one with a 60c stamp and the other in a prepaid envelope with the markings of (Postage Paid Australia - Sydney Heads, New South Wales) both stamped (HRMC MLOCR 501 31ST MAY 11). I still have those envelopes. Regards MAE

Thanks Mae! I will Private message you. Cheers, Seamisty

selciper · 17 June 2011

NOR - Thanks. I thought perhaps your timeline might give a clue as whether the spineless rabble might have been using the latest register entries. There could be plentiful clues: 20,000 mailings and, of course, if they licked the stamps - DNA traces. And surely there would be a record of whom the register has been distributed to.

As Sherlock Holmes would ask Watson, "Who hopes to gain from distributing this crude list of lies?"

simgrund · 18 June 2011

selciper said:
NOR - Thanks. I thought perhaps your timeline might give a clue as whether the spineless rabble might have been using the latest register entries. There could be plentiful clues: 20,000 mailings and, of course, if they licked the stamps - DNA traces. And surely there would be a record of whom the register has been distributed to.

As Sherlock Holmes would ask Watson, "Who hopes to gain from distributing this crude list of lies?"

Or this trio from Shakespeare's Troilus and Cressida:

"Men prize the thing ungained more than it is";

"All the argument is a ***** and a cuckold";
(added: sorry, forum's moronic auto-censoring kicked in)

"There's language in her eye, her cheek, her lip,/
Nay, her foot speaks."

See you all, bring your flags!
Warmest,

atlas1950 · 18 June 2011

Simon,

Just sent you a private message in your inbox.

Michael

JohnH · 18 June 2011

selciper said:
NOR - Thanks. I thought perhaps your timeline might give a clue as whether the spineless rabble might have been using the latest register entries. There could be plentiful clues: 20,000 mailings and, of course, if they licked the stamps - DNA traces. And surely there would be a record of whom the register has been distributed to.

As Sherlock Holmes would ask Watson, "Who hopes to gain from distributing this crude list of lies?"

Came to me about 3 this morning ------ As far as I can see, the attendance figures for all the Castlereagh meetings have not been published. If the attendance figures stated in the garbage sheet are accurate, then is there a commonality in the attendees?

Numbers 32:23

simgrund · 18 June 2011

JohnH said:
Came to me about 3 this morning ------ As far as I can see, the attendance figures for all the Castlereagh meetings have not been published. If the attendance figures stated in the garbage sheet are accurate, then is there a commonality in the attendees?

Numbers 32:23

And some 16 can be added for Port Macquarie meeting,
All these physical Nos are irrelevant as the video of the first meeting was widely watched and provided maximum exposure.
Let's spill out of Pinaroo Room at Grace Hotel on 23rd and make those numbers count!!!
Regards,

JohnH · 18 June 2011

simgrund said:
And some 16 can be added for Port Macquarie meeting,
All these physical Nos are irrelevant as the video of the first meeting was widely watched and provided maximum exposure.
Let's spill out of Pinaroo Room at Grace Hotel on 23rd and make those numbers count!!!
Regards,

I think you miss my point Simon, I'm not criticising the turnout - most of us watched it on Utube - we are interested to establish the author(s) of the Garbage sheet. If it is somebody who has privy to the attendance figures, we should be able to narrow it down.

Cheers, John H.

simgrund · 18 June 2011

JohnH said:
I think you miss my point Simon, I'm not criticising the turnout - most of us watched it on Utube - we are interested to establish the author(s) of the Garbage sheet. If it is somebody who has privy to the attendance figures, we should be able to narrow it down.

Cheers, John H.

I am with you John.
As mentioned, some 20,000plus mailings is no trivial expense
no matter how dedicated a splinter group may be.
Such expense could only be undertaken by a large Registry directed by even larger "Authority".
That Authority is unmistakenly Wellington. Wellington stooped to blazing opponent's names on A4 envelopes right across the country and it is not beneath them to spread this insidious campaign themselves or via insipient hirelings. "Them"; without a spine to refuse such commission.
Money talks, our money; especially easy to spread around in the best tradition of WC's bastardly predecessors.
Go on Wellington Capital!
Take me to Court to prove I am wrong!
I am on the Register that you so infamously defiled.

Pink Flamingo will fly at the meeting.
This is the count that counts.

Regards,

P.S. I will welcome any suggestions for literary expressions to exceed levels of Anger I try to express in my Posts.
Please bear in mind Forum's censorship settings, from which even Will Shakespeare copped a serving.
Cheers,

BABIHUTAN · 19 June 2011

seamisty said:
Hi all, I was contacted by someone from the forum who told me that the first bit of trash mail they received anonymously was posted in a pre paid envelope and I asked them to keep it but because I have received so many private messages lately I accidently deleted the details while clearing my inbox so would you please resend that info or anyone else who got a pre paid envelope who still has it? Thanks, Seamisty

I hv the envelope Seamisty & wl bring to Sydney 23rd. Second edition was mailed with 60c stamp

BABIHUTAN · 19 June 2011

BABIHUTAN said:
I hv the envelope Seamisty & wl bring to Sydney 23rd. Second edition was mailed with 60c stamp

sorry dropped a few words in previous post tt shud hv read, "Will bring second envelope too - seeming posted fm same mail center 14/6 at 6pm"

seamisty · 19 June 2011

BABIHUTAN said:
sorry dropped a few words in previous post tt shud hv read, "Will bring second envelope too - seeming posted fm same mail center 14/6 at 6pm"

Thanks BABIHUTAN, it seems that some who received two copies from the first mail out had one pre paid and one stamped. Anyone get a prepaid from the second bunch? I have been told they can be traced? See you at the meeting!!! Seamisty

simgrund · 19 June 2011

COFFS HARBOUR & SURROUNDS; one way lift to Sydney opportunity

Fellow Coffs Coast area PIFers,
I will be leaving Coffs Harbour Tuesday 21st morning (flexible). I will stay in Sydney till Sunday 26th. I have room for one person.
If somebody needs a one-way lift to Sydney from around my area or reasonably near neighbourhood please let me know through Private Message Box.

Regards,

marcom · 20 June 2011

From todays SMH CBD.

PREMIUM BOUT

We suspect charity will be in short supply at this week's meeting of Premium Income Fund unitholders.

Forget the hundreds of millions of investors' money lost in allegedly fraudulent circumstances, judging by some of the anonymous mail circulating to the 11,000-odd unitholders, it's the battle over the carcass that is getting nasty.

In the red corner is BRI Ferrier's Ian Ferrier - backed by the PIF Action Group - attempting to wrest control of the fund from the incumbent manager, Jenny Hutson's Wellington Capital.

The PIF Reaction Group, which has spent a considerable sum sending out anonymous letters to the unitholders, is backing the incumbent.

''Don't risk your money with crooks, predators and amateurs - vote no to the rebel Ferrier group'' reads one of the missives ''authorised by the PIF Reaction Group''.

Conspiracy theories abound, with the PIF Reaction Group linking the veteran liquidator Ferrier with another PIF suitor - the colourful business identity Jim Byrnes.

''Jim Byrnes is part of a secret deal with the Ferrierfiles to make millions from our fund. Stop the rot,'' the group says

If you ignore the fact that a fortune has been taken from those who can least afford it, this would be funny.

A TWITCH IN TIME

Speaking of PIF, your columnist could not help but notice spasms of movement from the corpse of the fund's founder, MFS/Octaviar.

David Burke has quietly quit as a director of the company, which has long since joined the boneyard shuffle.

Burke was appointed alongside David Chapman as henchman of Chris Scott in a boardroom coup in March 2008, but they could not stop the company's irreversible slide into liquidation.

However, board members did manage controversially to appoint one of their associates, Wellington Capital, as manager of PIF before this happened.

Read more: http://www.smh.com.au/business/no-bite-in-this-macquarie-dog-20110619-1ga4b.html#ixzz1Pm8zHkIK

Unfortunate Inv · 20 June 2011

elizaman said:
I asked this question a couple of days ago with no reply. Update # 3 mentioned an update on proceedings following June 14th. Wellington PIF web site states in litigation update june 8th that PIF AG were not ready for hearing??? Also states that the rights issue will close as scheduled on june 9 however no allotments until judgement is finalized. PIF AG states judgement hopefully to be handed down on June 20/21. I guess we just wait for judgement assuming all evidnce has been entered and heard.??
In light of events though is the june 23 meeting in Sydney still concrete. Might assist others in travel arrangements?? To reschedule a for a third time might cause some alarm for various reasons. Possibly wait to see final outcome of hearing prior to any EGM meeting schedule??

Judgement due to be handed down today, 20/06/2011, at approx 12 Noon;

SUPREME COURT ACTION AGAINST WELLINGTON

You would be aware that your action group has taken Wellington Capital to the Victorian Supreme Court in Melbourne a second time last Tuesday via our lawyers DLA Piper. DLA Piper presented that Wellington's dumping of millions of new units into our already troubled Fund is NOT in the best interests of PIF investors and should be stopped and reversed.

We await Justice Gordon's ruling on the matter Monday 20 June around 12 noon. Information on the judgment will be posted on Castlereagh Capitals website about an hour or two after, so please tune into the Castlereagh website on their link www.cascap.com.au on Monday shortly after the judgment

We trust that members appreciate the seriousness and importance of the above court action we are conducting for members benefit. We are confident in our presentation to Justice Gordon via DLA Piper Lawyers and trust that Monday's decision brings us good news. If successful, it may even set a working precedent for ASIC

PPB

DoraNBoots · 20 June 2011

Good news!!

The judgment can be found here:
https://www.comcourts.gov.au/file/Federal/P/VID516/2011/actions

Extract:
IN THESE DECLARATIONS AND ORDERS:
The phrase “Rights Issue” means the rights issue referred to in the first defendant’s:
1. National Stock Exchange Releases dated 6, 10, 17, 19 and 27 May 2011; and
2. the Rights Issue information booklet dated 19 May 2011.

THE COURT DECLARES THAT:
1. In relation to the Rights Issue, the modification of the Constitution of the Premium Income Fund (ARSN 090 687 577) (PIF) dated 15 October 2008 (the PIF Scheme Constitution) which the first, third and fourth defendants purported to make by deed poll dated 9 May 2011 was and is contrary to s 601GC(1)(b) of the Corporations Act 2001 (Cth) (the Act).
2. In relation to the Rights Issue, the modification of the PIF Scheme Constitution which the first, third and fourth defendants purported to make by deed poll dated 16 May 2011 was and is contrary to s 601GC(1)(b) of the Act.

AND THE COURT ORDERS THAT:
3. The defendants and each of them, whether by themselves, their servants and agents or howsoever otherwise, are restrained from allotting or issuing to any person any unit in PIF pursuant to the Rights Issue.
4. The defendants pay the plaintiffs’ costs of the proceeding, such costs to be taxed in default of agreement.

ASICK · 20 June 2011

A black eye for ASIC too. Great news!

Wellington Capital PIF/Octaviar (MFS) PIF

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