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Wellington Capital PIF/Octaviar (MFS) PIF

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wally3218 said:
ASIC failed to take action again , local Geelong company goes into receivership.

THE closure of In2 Sheds is all too familiar for Natarsha Ryan.
The Torquay woman first complained to the Australian Investment and Securities Commission about Mark Adam Thomason on June 16, 2011.
In total, she sent 30 emails and letters but no action was taken.

http://www.geelongadvertiser.com.au...into-liquidation/story-fnjuhovy-1226840744973

When are ASIC going to start taking notice of complaints aren't they suppose to be looking out for consumers and investors.
Click to expand...

ASIC are a joke is all I can say...
 
Due to poor 'word processing' ability following meningitis I haven't kept up with the class action and goings on of the ex PIF (what is it called these days ARL?).

What to do re opting out of the Class Action or not?? I'd really appreciate some 'advice' (no responsibility) or just knowing what others think/intend. I'm feeling stressed as I don't know whats what. I have the responsibility for my mum's shares also.

sincere thanks for any answer.
 
evelyn said:
Due to poor 'word processing' ability following meningitis I haven't kept up with the class action and goings on of the ex PIF (what is it called these days ARL?).

What to do re opting out of the Class Action or not?? I'd really appreciate some 'advice' (no responsibility) or just knowing what others think/intend. I'm feeling stressed as I don't know whats what. I have the responsibility for my mum's shares also.

sincere thanks for any answer.
Click to expand...
Hi evelyn, I will be staying with the Class Action and yes it's hard to keep up with what is going on with the PIF. I have been waiting for over a week for a response from Ginette Muller,FTI consulting relating to who is actually responsible for the PIF asset Kooralbyn Resort which was meant to have been sold. My response was my email would be answered shortly. I resent a further three enquiries, including one to the ARL chairman David Beddall yesterday who hasn't responded as yet. Millions being paid in consultancy and management fees and no one can satisfactorily answer a simple question. :banghead::mad:
 
hi Evelyn. I to will be staying with class action been long wait but hope the end is now not to far away.
good luck to you & mum.
 
evelyn said:
Due to poor 'word processing' ability following meningitis I haven't kept up with the class action and goings on of the ex PIF (what is it called these days ARL?).

What to do re opting out of the Class Action or not?? I'd really appreciate some 'advice' (no responsibility) or just knowing what others think/intend. I'm feeling stressed as I don't know whats what. I have the responsibility for my mum's shares also.

sincere thanks for any answer.
Click to expand...

Hi Evelyn, As far as I can see there is no advantage to opting out, and we may get something if we stay in (though I'm not working that into my cashflow!!). IMF have also confirmed that we are not up for any contribution if we lose.

Cheers, John H
 
Thanks Seamisty, NOR and John H.

I did read the latest doco re opting out and couldn't see the point but thought I may have missed something or be 'implicating' myself in some unknown way :) if I stayed in. Grateful to know what others more informed are doing.

So just do nothing?

hope all is good for you apart from the stress of this long-term drama.
 
Resort focus at Kooralbyn meeting


By Tanya Marschke
April 16, 2014, noon




THE Kooralbyn Chamber of Commerce will hear updates on the Kooralbyn Resort and Bromelton tomorrow.

The chamber will meet at 7am at The Valley Kitchen on the corner of Wellington Bundock Drive and Salisbury Avenue, Kooralbyn.

Members will hear a presentation about Bromelton from guest speaker Mark Goodman and an update on the Kooralbyn Resort from Mark Heinrich of Yong Real Estate and JHC Holdings..... Nor....
 
NOR said:
Resort focus at Kooralbyn meeting


By Tanya Marschke
April 16, 2014, noon




THE Kooralbyn Chamber of Commerce will hear updates on the Kooralbyn Resort and Bromelton tomorrow.

The chamber will meet at 7am at The Valley Kitchen on the corner of Wellington Bundock Drive and Salisbury Avenue, Kooralbyn.

Members will hear a presentation about Bromelton from guest speaker Mark Goodman and an update on the Kooralbyn Resort from Mark Heinrich of Yong Real Estate and JHC Holdings..... Nor....
Click to expand...


http://www.couriermail.com.au/busin...in-court/story-fnihsps3-1226891525843Bookmark and Share
 
Affidavits in the Class Action gaining momentum?

File details


Court:
Federal Court of Australia, New South Wales Registry

Number:
NSD324/2009

Title:
Charles Hodges and Mark Hodges as trustees of the Charles Hodges Superannuation Fund v Andrea Jane Waters & Ors

Filing Date:
17-Apr-2009


Date Filed

Document Title

Filed By


07-May-2014 Affidavit Steven Kris Kyling
07-May-2014 Affidavit STUART PRICE
06-May-2014 Affidavit Mark Robert Hodges And Janet Anne Hodges As Trustee Of The Charles Robert Hodges Super Trust Fund
 
News.com.au














BUSINESS

The Australian

Jenny Hutson sells four sites but keeps jewels in the crown

Lisa Allen |
The Australian |
May 08, 2014 12:00AM



Print

Save for later



development: As the resource sector cools, mining accommodation start-up Village National has divested four of its lesser-performing sites for about $40 million while managing to retain three of its more strategic properties in the Queensland mining towns of Emerald and Moranbah.

Headed by Brisbane entrepreneur Jenny Hutson, Village National specialises in developing mining accommodation ”” renting out one-person rooms in motels and caravan parks to workers for more than $100 a night
 
seamisty said:
Fallen Gold Coast millionaire Michael King’s failed MFS group leaves tangled web

Emmaline Stigwood •
Gold Coast Bulletin •
May 09, 2014 8:08AM
http://www.goldcoastbulletin.com.au...aves-tangled-web/story-fnje8bkv-1226911259757
Click to expand...

13 May 2014
WHERE MADE:

Sydney
THE COURT ORDERS THAT:

1. To give effect to the non-publication order made on 7 May 2014:
b. the documents referred to in order 1 of the orders of 7 May 2014 are to remain on the Court file in sealed envelope(s) marked “Confidential Affidavit – Not to be Opened Except by Direction of a Judge of the Court”;
c. on or before 16 May 2014, the applicants file redacted versions of the affidavits referred to in sub-paragraphs (c)–(i), which redact the material the subject of the non-publication order.
Date that entry is stamped:


Deputy District Registrar
 

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