It's interesting to visit here from time to time to check on how the whole PIF story gets worse & worse for you unitholders. What a difference a few months can make.
As you would all know, our ALF PIF Finance bid was "knocked out" by the TakeOver Panel on a technicality to do with mail-out details - not our fault. We all know who raised the matter and complicated the issue - the same entity that had your EGM knocked out on a similar technicality - not your fault. There were even complaints made to your moderators to stop my posts, which were really nothing more than observations. It seems that the system can be manipulated by those who know how, and that all of our regulatory authorities will (at best) sit on their hands or (at worst) are seen to be complicit in the manoeuvrings (how do you spell that?).
Anyway, despite wasting heaps of our own money on the bid, we're still interested in trying to work a deal with you guys. We're wondering if a new bid which included a cash component would attract significant and further interest? As an aside, we had already raised enough acceptances to give us a serious hand in the game when we were estopped, and all acceptances returned under instruction. Looks like things have spiralled downward even further since then.
We have significant group experience in dealing with "distressed" properties and projects, and can offer an alternative to the strategy of attrition being inflicted here. I think I read the term malodorous used here somewhere - Indeed!
Maybe we're wasting our time - again, but I would welcome any constructive suggestions, comments or criticisms.
WW