Australian (ASX) Stock Market Forum

Wellington Capital PIF/Octaviar (MFS) PIF

Seamisty, here's one for you!

SEAMISTY'S REVENGE......

The Pig and her band escaped the mainland,in her beautiful pea green boat
it's not very funny,that the Pig stole the money,which kept our fund afloat.

The Pig looked up to the stars above,as she sang to a small guitar
and a chorus sang 'Oh Piggy my love,what a clever Piggy you are.'

Piggy said to her friends 'Oh elegant friends,how charmingly sweet you sing,'
her friends took a bow as they asked the old sow 'What will you do with the bling?'

They danced holding hands,as they made all their plans,to escape with all their spoils
and their foes were dismayed,at the games Pig had played,in stealing the fruits of their toils.

They sailed away,for three years and a day,to the land where the bong tree grows
and there in the wood the Piggywig stood, confronted by all her foes.

Seamisty's research had proved to besmirch the credentials of the Pig
and she'd traced her here,where the Pig stood in fear,whilst Seamisty danced a jig.

'The games up Piggy'! came the volumous cry, 'It's time to return our bling'
but with a long sigh and a tear in her eye,the Pig couldn't say anything.

In a single bound, Seamisty covered the ground,that stood between her and the sow,
harpoon in hand,she crept on the sand,as sweat poured from the Piggy's brow.

The Pig was now whimpering,snuffling and simpering and she trembled in disgrace,
as Seamisty stood,rock solid as wood,pointing a harpoon in her face.

'Hand over your stash and give us our cash',Seamisty said with a leer,
'Do it right now you evil old sow,or tonite it's bacon and beer'.

'Now it's time to pay for your crime' said Seamisty yelling out loud,
as she pulled the trigger to the audible sniggar,of the now rejoicing crowd.

With a whizzing sound,the harpoon had found,it's mark into piggy's rear,
the Pig on the run,couldn't avoid her gun,as the crowd let out a cheer.

The Pig limped away,in a state of dismay,as Seamisty held up the stash,
in a victorious way she had won the day and now had retrieved some of her cash.

The Pig lives alone,removed from her throne,in the land where the bong tree grows
but Seamisty wears a smile,as she sits on her pile,which now just grows and grows.

With a wise old owl like Seamisty on the prowl,never give up hope again,
there's a lesson to be learned,by those that were burned and who suffered so much pain.

Seamisty has shown that when the truth's known,all lies will be overcome
and those who've been lying,will soon be crying,whilst we're all having fun.
 
Blueboy1 that is absolutely priceless!!!! I can't stop laughing:jump: I'm going to print it and have it framed, thanks so much for taking the time to compose it. Maybe we could send it to all the staff at WC for Xmas? Their associates might like to include a copy in another mailout to all the PIF unitholders since the main source of content is from ASF?
Also they have access to the latest updated register which includes names of people who were unaware they were even investors when they were registered!!!! I would hate to see them miss out, especially since some of them are also now keen followers of ASF and all things WC related since they have been 'gifted' shares in the PIF. Good thing about the new investors is that they live in Sydney, nice and handy ready for the next EGM when ever it will happen and I have heard that some are not too impressed with the current RE:nono: after the true circumstances relating to their appearance and the nature of the role they had to play was revealed to them after the 'film shoot' at the Grace Hotel on the 23rd June 2011!!
Seamisty
 
"Seamisty's Revenge...." Best laugh I've had in a long time. What talent we have amongst us! Keep up the good work Blueboy1.

Cookie1
 
Blueboy

I think it has been previously pointed out by Duped, that personal posts along these lines are counter productive to our cause.
 
Blueboy

I think it has been previously pointed out by Duped, that personal posts along these lines are counter productive to our cause.

Sorry you feel that way Jadel,it's intended to commend....not offend!
Cheers,
Blueboy1
 
Blueboy

I think it has been previously pointed out by Duped, that personal posts along these lines are counter productive to our cause.

Sometimes laughter is the best medicine Jadel - we have plenty to cry about, so does a little humour really hurt our cause?
 
Sometimes laughter is the best medicine Jadel - we have plenty to cry about, so does a little humour really hurt our cause?

Blueboy

I didn't know it

But you are a Poet

You have brightened my Carbon Tax Day

I think I might run away

And have a five week holiday

:D:D:D
 
No of course not John.However we now know what that this person is capable
of trying anything . And there are certain laws in regards to defamation.
 
Blueboy1 that is absolutely priceless!!!! I can't stop laughing:jump: I'm going to print it and have it framed, thanks so much for taking the time to compose it. Maybe we could send it to all the staff at WC for Xmas? Their associates might like to include a copy in another mailout to all the PIF unitholders since the main source of content is from ASF?
Also they have access to the latest updated register which includes names of people who were unaware they were even investors when they were registered!!!! I would hate to see them miss out, especially since some of them are also now keen followers of ASF and all things WC related since they have been 'gifted' shares in the PIF. Good thing about the new investors is that they live in Sydney, nice and handy ready for the next EGM when ever it will happen and I have heard that some are not too impressed with the current RE:nono: after the true circumstances relating to their appearance and the nature of the role they had to play was revealed to them after the 'film shoot' at the Grace Hotel on the 23rd June 2011!!
Seamisty


You have a point seamisty, I imagine alot of unsuspecting young people who unknowing were wrapped up in a questionable investor meeting on the 23rd are going to be very curious how things eventuate with their brand new units and would only want the best for THEIR FUND. They now have a say on whats going on - welcome NEW Unitholders!
 
You have a point seamisty, I imagine alot of unsuspecting young people who unknowing were wrapped up in a questionable investor meeting on the 23rd are going to be very curious how things eventuate with their brand new units and would only want the best for THEIR FUND. They now have a say on whats going on - welcome NEW Unitholders!

Yes, if any of you new unit holders are out there, please introduce yourselves. You will be made very welcome.
 
Isnt this the same Mr Craig Wallace who was a founding Director for the Premium Income Fund according to Wellington Capitals own investor pack?

http://www.wellcap.com.au/assets/pif/updates/2008/InvestorInformationPack.pdf

This was available in 2008

Craig Wallace B.Com MBA FCPA FAICD – Age 55
Director
Craig was formerly a director of KPMG Corporate Finance, and is now principal of The Alternative
Advisory Firm. He has over 25 years experience in investment banking and corporate advice, dealing with
transactions involving property, construction, tourism and accommodation, as well as other industries.
Craig is currently a director of Anthony Morton Group Funds Management Limited. He has joint
responsibility for the approval and management of over $300 million in funds that have been invested in a
number of prominent building and construction projects.
Craig’s expertise involves corporate restructures, divestments, acquisitions and financing with the objective
of improving returns on assets.
He was formerly a director of ASX listed SunnyCove Management Limited. SunnyCove communities are strata titled
investments owned by independent landlords seeking rental yield returns and capital gain.
Craig is a director of a number of Australian Financial Services Licensees, and has been responsible manager for others.
Qualifications and Memberships
Bachelor of Commerce
Diploma of Advanced Accounting
Master of Business Administration
Fellow of the Australian Society of Certified Practising Accountants
Fellow, Australian Institute of Company Directors
 
There are 2 new NSX announcements; I can't seem to access them "
HTTP Error 404". Can anyone else access them and post them here?

"PIN Premium Income Fund
41999 NSX General Market Disclosure Other Apartment Sales - $1.494 million 11-Jul-2011 9:55:07 AM"

"PIN Premium Income Fund
41999 NSX General Market Disclosure Other Forest Resort Residential Development - Mortgagee in Possession Contracts - $2.28 million 11-Jul-2011 9:54:20 AM"

Thanks.

Cookie1
 
I don't think 'non-receipt' implies a non-sending, rather I think it means something was sent but, for whatever reason, was not received.



Doesn't such a notice deem that investors have been notified? You raise an interesting point. It's an investor's responsibility to look to the stock for notices, not the manager responsibility to inform each of the members by some other means. Such a notice would certainly do more than fill the gaps, it would overlay the whole membership. The exchange notification is unique to listed funds and would not apply to say, the Equititrust Income Fund, or the Pacific First Mortgage Fund.

Thanks ASICK. Agreed about the non-sending. I was focussed on the “accidental omission to give notice to”

The legislation, from my lay investigations, requires all members to be “individually” notified. S252G (http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s252g.html)

Which begs the question if I have two holdings (on with SRN and one with a HIN) and haven’t taken the proactive step of amalgamating them. (Or maybe I don’t want to amalgamate them because it will make completing my tax returns easier in future.) Is S252G breached if I receive notice regarding only one of my holdings. I suspect the answer is NO. Because from what I can see in the Corp Act a "member" is defined as “a person” a not “a person of a particular address.

Other questions remain, like:

Whoever hired those actors seems (based on the published info I’ve seen ) to believe that members can be added or amended in the register right up until the start of the meeting. If this is correct then how is PIFAG supposed to have given notice “individually” to all members? There’s other issues as well like S173 whereby, it seems to lay old me, that Wellington or Armstrong or whoever has up to 7 days to provide the copy of the register. How much onus is the court going to put on PIFAG? Is PIFAG supposed to have filed applications for copies of the register (and paid whatever fee WC/Armstrong asked for each application) for say 4 days in a row starting a week and 4 days before the meeting?

Is S173 satisfied if the copy of the register is merely posted within the 7 days? And does S173 stop the copy being a poor quality paper photocopy with the data disassociated? Set up your registry in some remote corner of Australia and it can take 3 days to get to Sydney. Make it a mess of disassociated data and it would take days for a diligent PIFAG to distil it.

Seems to (casual lay observer) me that for the legislation to function in practice for a hostile removal of the RE there has to be an allowance for some % of members not getting notified ‘individually’. PIF constitution seems to (at least tacitly) allow for it. If so then what % should it be? If PIF is very thinly traded in comparison to other MIS (and companies?) then a % small enough to thwart PIFAG won’t help the more heavily traded MIS (and companies) overcome any short comings of the legislation

Having said all this, there could be a body of law to answer all these questions. I’m just a casual lay observer.
 
I'm having difficulty interpreting WC's NSX ann on friday http://www.nsxa.com.au/ftp/news/021724200.PDF

So WC makes an allegation of 'false and misleading statements about Wellington". This is what I could find so far in the release to support WC's position:

"Castlereagh obstructed that occurring by: refusing to agree a way forward as to the meeting chair" - Exactly what was the "a way forward" that Castlereagh refused to agree with? One particular "a way forward" suggested by WC? I.e. one particular "a way forward" among many possible alternative ways forward? One particular "a way forward" that suited WC? Am I reading this wrong?

"Castlereagh obstructed that occurring by: excluding Link Registry Services from participation in the meeting registration process" - Perhaps Castlereagh would have also "excluded" Just Take My Word For It Registry Services (or Seamisty Registry Services ;) ) if it turned up on the day claiming it is a subbie of Armstrong Registry Services. The NSX lists Armstrong and not Link. So what does a requisitioner do? Take a lone Directors word for it? Did Link show the meeting requisitioners a copy of the sub-contract or perhaps give the requisitioners a letter of introduction with Armstrong's company seal on it? Anyway, how exactly DID Castlereagh "exclude Link"? Did Link put themselves on the wrong side of a door that they new would have to locked? Were Link actually instructed to leave? Did anyone threaten to throw Link out? Or did they leave on their own initiative after someone started questioning their right to be there?

"He indicated that it was the requisitionists meeting and that Computershare had been contracted by them and was the only party that would be providing registry services." WOW! Just "indicated". That term seems a long way from "said". Wouldn't the term "indicated" give WC opportunity to back away from this sentence in the future?

"The Fund’s registry services provider Armstrong had sub-contracted the registry role to Link Market Services and engaged two scrutineers from Bentleys to oversee the meeting process." Cool. More witnesses. Bentleys were there. Maybe Bentleys can give their side of the story?

And a reminder to Wellington Capital and any of it's directors, staff and agents: if any of what I post offends then let me know right away so I can consider it and minimise any damage.
 
Hi Seamisty
I was curious as to whether the Burnett Valley Olive Farm is situated at Murgon, if so it is awfully close to where the temple of worship is to be located at Gayndah. I suppose this could be just another coincidence.
 
Hi Seamisty
I was curious as to whether the Burnett Valley Olive Farm is situated at Murgon, if so it is awfully close to where the temple of worship is to be located at Gayndah. I suppose this could be just another coincidence.
Hi Bessie223, The old church, originally erected out of spotted gum in 1915 WAS located at Binjour(not far from Gayndah and the Burnett area), Burnett Highway. It was RELOCATED piece by piece and rebuilt atDavid Burkes Andelaine Enneagram retreat in the Numinbah Valley on the Nerang-Murwillumbah Rd, St East Qld.

Burnett Valley Olives is an Olive Grower in Moffatdale near Murgon, South Burnett

'Clovely Estate is located 13 km south-east of Murgon on Steinhardts Road. Clovely's vineyards were established in 1997 and are the largest in the South Burnett, covering 174ha (430 acres). Clovely Estate is owned by the Heading family who've been farming in the South Burnett for more than a century'

Coincedences are always worth researching Bessie:xyxthumbs!!
Seamisty
 
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