Harald - unfortunately the meetings with their costs are locked in. Perhaps this will be an opportunity for you to ask questions directly to the RE. Of course, WC will most likely warn the audiences that any questions must be devoid of slanderous statements. That hurdle, as you know, can be jumped by well-crafted use of language.
Seamisty tried to find the link to no avail. I was informed of the article by one of our faithful lot who read it. It is a small article in the GCB. I think she said Friday's edition.
Harald - unfortunately the meetings with their costs are locked in. Perhaps this will be an opportunity for you to ask questions directly to the RE. Of course, WC will most likely warn the audiences that any questions must be devoid of slanderous statements. That hurdle, as you know, can be jumped by well-crafted use of language.
Jadel - I thin your questions might elicit a lengthy silence! It's my opinion that anybody asking questions at these meetings should be reading them verbatim from a notepad. The questions should also be retained for the record. WC could do their best to rule tje curly ones as being out of order or improper. And, as if on cue, the roaming person with the microphone will sprint away towards the next in line...
Just another thought, there has been much speculation and rumour that a close associate of WC with the same business address is now an additional substantial PIF unitholder after taking up units in the WC PIF placement offer. To the best of my knowledge the details of the new PIF/placement investors have not been publically announced. Usually the top 20 PIF holders are announced in the annual financial report, would this have something to do with the fact that Wellington Capital is holding information forums/meetings prior to the annual financial report being made public which could hold some information WC would rather not have to discuss publically???? Having been misinformed previously by senior WC staff on other issues I strongly suspect WC will not put themselves in a position where their credibility can be challenged, hence the non appearance of JH at the EGM in Sydney. Never under estimate the actions of desperate egos as was previously demonstrated by WC by having to be affilated with HIRED support to prop up a tarnished image!!!You had your chance to deliver your spiel at someone elses expense WC at the EGM. It was your call JH to ignore PIF investors and miraculously do a disappearing act when you realised your credibility was shot and your box of pink proxies would leave wet ink stains on any who handled them!! (we won't even go to names on said proxies) Seriously, apart from telling a few new PIF investors how freaking wonderfull WC is and assuring some misguided fund managers why they should still advise their clients to 'hold the faith', what is the purpose of these meetings????Is someone knocking at the WC door? If they aren't, they darn well should be. SeamistyGreat point charles36. My guess is that the public pressure on auditors to pick up their game (in the light of all that Centro litigation) is translating to PIF's auditors putting downward pressure on WC's valuations of PIF's asset prices.
Jadel and others. like reading the posts but why would you ever believe JH will answer your questions, Jadel you have been trying for years, the PIFAG have been trying on behalf of unit holders to no avail. The meetings will be a "Claytons" meeting. Stacked to the rafters with paid staff and cohorts transported at great expense to all venues. The most asked questions list is being prepared now and JH's answers are being learned by rote. Any new questions will be answered with "that is a good question, breathing time, then rubbish will flow. Save our money Wellington Capital, resign and give a fair dinkum company a go.
Exactly charles36. It's too easy for the following to occur.
That under absolutely no circumstances will non scripted questions be allowed to be asked.
This meeting can too easily be stage managed and stacked to the max.
All the questions can be scripted. There could only too easily be plenty of plants in the meetings who will have their hand up the whole time so it doesn't look suspicious but in the end, the mike need only be handed to unit holders who will ask the scripted questions. Easy peazy.Am I wrong? Anyone?
Make sure it's only WC and secretive WC supporters throwing dirt. Play the ball, not the man. No matter how dirty the opposition play. If you try and play dirty, they'll beat you with experience.
I don't know what to do selciper. We just all go along and put your hand up and be ignored?Well, if Charles36 is correct - and he has vast experience in these matters - we appear then to be checkmated before entering the venues. Perhaps the only psychological weapon we have avaialble will be good old derisive laughter.
Or maybe someone needed a few PIF units in a hurry for 'Gifting' purposes? Bums on seats, new faces, a few more innocents handed a piece of paper ( by persons unrelated to WC of course) with a question they have to ask in return for being 'gifted' a few units??? The mind boggles but one can hardly be blamed for thinking the worst on past performances/shenanigans relating to the PIF can they? SeamistyDid my last post hit the spot? A trade just went through at 9.5c. Let's see if a higher price is sustainable or it's just a show trade like that show trade of $900 worth at 45c on 22 October 2008.
Did my last post hit the spot? A trade just went through at 9.5c. Let's see if a higher price is sustainable or it's just a show trade like that show trade of $900 worth at 45c on 22 October 2008.
Hi Duped,
Dont expect the unit price to stay there for long. Its more than likely a mistake or someones having a joke. I think JH would collapse in a heap knowing that the pif is actually associated with anything positive for its investors.
Just like her reputation its all gone downhill and its bound to stay there
Castlereagh Capital Limited is still consdiering legal advice and reviewing the current position as to what course of action it will adopt. Once we have determined out course of action we will notify investors immediately. Due to the complexity of the matter our decision has been delayed for a period longer than we originally anticipated.
Electronic copies of the documents provided to unit holders of the Fund in relation to the Replacement of the Responsible Entity are provided below:
Anything is possible Sutho81, I hope CasCap correct those spelling errors! SeamistyBack to Castlereagh again. Here is a quote from their website.
I dont know when they posted this information, but given they have not oficially told us they are no longer interested in our cause then it looks to me like there is a small glimmer of hope that they may have another crack at taking the fund.
Are there any other thoughts or people who know better?
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