Wellington Capital PIF/Octaviar (MFS) PIF

[zixo]

Re: Octaviar MFS Premium Income Fund PIF

Jenny tells us she needs our trust. She tells us her financial and business expertise will enable her to "AIM" to fix the PIF to its former glory.

Jenny really has done a wonderful Job selling herself at these forums, Up to date she hasn't failed in her correspondence in quoting Roosevelt and telling us about her successful upbringing and telling newspapers how hard she'll work for the PIF.

In every letter to Investors She's continally plugging the 65 cents when, or if , or maybe, she does what she sprouted to the media about chasing OUR funds to the ends of the earth.

Up to date this has proven to be alot of hot air. Its easier talking and big noting yourself than trying to chase the 20 million in PI and sticking to the promises she already appears to be breaking by accepting a pittance for the investors with our money that was Stolen.

Wellington capital wish to change the complete makeup of the Premium Income fund. Theres no insurance, no support facility, we're keeping Perpetual "the trustees" who have proven to be of no use and IMO do not deserve to be paid and owe us money.
We are now moving forward and have to trust an unlisted Merchant Bank that up until mid march no-one had heard of. There is no guarantees our money will go up, it could go down. All Investor newsletters claims are "AIMS. The NSX everyone is so nervous about will not ever have the same checks and balances and outside scrutiny that the asx can offer and jenny has done her utmost to become vague regarding what her tactics are,

I dont want anymore quotes from dead presidents taking up half a news letter. I want INFORMATION from someone who is actively participating for investors, who's promises can be counted upon and trusted.

"United we stand, Divided we fall" doesnt count for diddly squat if the rot starts from the base

 

[Jadel]

Re: Octaviar MFS Premium Income Fund PIF

Zixo

I agree with your comments.

 

[flatback]

Re: Octaviar MFS Premium Income Fund PIF

Today is OUR black Friday.:bricks1:

WHAT IS WRONG WITH YOU PEOPLE ,she openly stated that the RBOS had to paid before she could start to put a process into place to plan a strategy to recover our money (large or small) better than liquidation dont you think???????, no i dont think many of you are being very realistic here , most of you are harping on the same old retoric, retoric,retoric.Please tll me this, WHO else is going to ,or has put their hand up to pull us out of the **** nobody!!.why do you think she is going to disclose her strategy to you or anybody else for that matter,before she is in full control of our destiny.WAKE UP,WAKE UP for gods sake some of you make me sick with your constant whining.GIVE HER A BREAK

 

[oldjap]

Re: Octaviar MFS Premium Income Fund PIF

Good on yer Flatback, I agree with you How can Wellington give us their strategy when we haven't even voted for her to get the 75% she needs and start making some headway.::

 

[Jadel]

Re: Octaviar MFS Premium Income Fund PIF

Flatback I understand you frustration

However please understand that many people on this forum are bitterly disappointed that they will only recieve 22,5 cents in the dollar for money that was unlawfully pilfered from our fund when OCV note holders will recieve
practically all of their money back in 3 to 5 years under the terms of Chris Scotts deal

If you could inform the Forum members exactly why this can be allowed to happen legally we would be most obliged


I have one my in my AG members who has literally had money removed from one of the Funds in which he invested in the PIF and placed in OCV which has now left him with nothing . This has gone beyond breaking corporate law it is a matter of major fraud.

Regards Chris

 

[zixo]

Re: Octaviar MFS Premium Income Fund PIF

Heres another great quote for the legion of Theodore Roosevelt fans.
...Sadly I doubt if it make our next newsletter.

"I have a perfect horror of words that are not backed up by deeds."
Oyster Bay, NY, July 7, 1915.

Black is not white. 7.00am is not 10.00pm. 197 million shouldnt be accepted as 48 million. 65 cents should not be sold when the PIF has eaten a loss on every investment and loan.

JH hasnt invested one iota of her own money which hasnt come back 10 fold from the PIF.
Perhaps if JH had a REAL vested interest in the PIF she would actually start telling everyone whats realistic and whats just plain old fashioned manipulative BS.

WC may now own the management rights - nothing gives them the right to treat us like dills...its exactly something Octaviar management past, and present, are so fond of doing.

 

[sugar3157]

Re: Octaviar MFS Premium Income Fund PIF

Flatback I understand you frustration

However please understand that many people on this forum are bitterly disappointed that they will only recieve 22,5 cents in the dollar for money that was unlawfully pilfered from our fund when OCV note holders will recieve
practically all of their money back in 3 to 5 years under the terms of Chris Scotts deal

If you could inform the Forum members exactly why this can be allowed to happen legally we would be most obliged


I have one my in my AG members who has literally had money removed from one of the Funds in which he invested in the PIF and placed in OCV which has now left him with nothing . This has gone beyond breaking corporate law it is a matter of major fraud.

Regards Chris

I too would like someone to explain to me how they can get away with this please....

 

[SPLITPIN]

Re: Octaviar MFS Premium Income Fund PIF

Ok, we have just about flogged and burnt "Joan of Arc - JH" to death.

Lets go forward, one of the processes for the PIF RE is the Compliance Plan, the last audit logged with ASIC 26 Sept 2007.

I would expect that WC would at least invite the AG to be part of the compliance committee as members of that committee to ensure transperancy and all operational processes are in place to Corp. Act 2001 & ASIC.

This should remove all the inuendo and fears for the future in regards to RE responsibility and accountablility.

Is this a reasonable and acceptable request?.

Regards

Splitpin

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

Jenny tells us she needs our trust. She tells us her financial and business expertise will enable her to "AIM" to fix the PIF to its former glory.

Jenny really has done a wonderful Job selling herself at these forums, Up to date she hasn't failed in her correspondence in quoting Roosevelt and telling us about her successful upbringing and telling newspapers how hard she'll work for the PIF.

In every letter to Investors She's continally plugging the 65 cents when, or if , or maybe, she does what she sprouted to the media about chasing OUR funds to the ends of the earth.

Up to date this has proven to be alot of hot air. Its easier talking and big noting yourself than trying to chase the 20 million in PI and sticking to the promises she already appears to be breaking by accepting a pittance for the investors with our money that was Stolen.

Wellington capital wish to change the complete makeup of the Premium Income fund. Theres no insurance, no support facility, we're keeping Perpetual "the trustees" who have proven to be of no use and IMO do not deserve to be paid and owe us money.
We are now moving forward and have to trust an unlisted Merchant Bank that up until mid march no-one had heard of. There is no guarantees our money will go up, it could go down. All Investor newsletters claims are "AIMS. The NSX everyone is so nervous about will not ever have the same checks and balances and outside scrutiny that the asx can offer and jenny has done her utmost to become vague regarding what her tactics are,

I dont want anymore quotes from dead presidents taking up half a news letter. I want INFORMATION from someone who is actively participating for investors, who's promises can be counted upon and trusted.

"United we stand, Divided we fall" doesnt count for diddly squat if the rot starts from the base

I agree with every word you have said ZIXO Everything you say is true Very well said THANK YOU ZIXO ///

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

WHAT IS WRONG WITH YOU PEOPLE ,she openly stated that the RBOS had to paid before she could start to put a process into place to plan a strategy to recover our money (large or small) better than liquidation dont you think???????, no i dont think many of you are being very realistic here , most of you are harping on the same old retoric, retoric,retoric.Please tll me this, WHO else is going to ,or has put their hand up to pull us out of the **** nobody!!.why do you think she is going to disclose her strategy to you or anybody else for that matter,before she is in full control of our destiny.WAKE UP,WAKE UP for gods sake some of you make me sick with your constant whining.GIVE HER A BREAK

So far JH has chewered up a packet of our money going round the country with her road show And thats only the start She may have won you over with her talk talk talk Please read ZIXO POST ///////////

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

WHAT IS WRONG WITH YOU PEOPLE ,she openly stated that the RBOS had to paid before she could start to put a process into place to plan a strategy to recover our money (large or small) better than liquidation dont you think???????, no i dont think many of you are being very realistic here , most of you are harping on the same old retoric, retoric,retoric.Please tll me this, WHO else is going to ,or has put their hand up to pull us out of the **** nobody!!.why do you think she is going to disclose her strategy to you or anybody else for that matter,before she is in full control of our destiny.WAKE UP,WAKE UP for gods sake some of you make me sick with your constant whining.GIVE HER A BREAK

O yes we must all stand bow our heads & be grateful when our great leader walkes into the room ///////////////

 

[JohnH]

Re: Octaviar MFS Premium Income Fund PIF

So Great Doom, What is your constructive alternative??

 

[selciper]

Re: Octaviar MFS Premium Income Fund PIF

Splitpin -

The ongoing participation of the AG with WC is very important. By the way, what is the official status of the AG? Does WC have to recognise it? If so, up to what point?

....................

Am surprised to read that WC believe that only 1000 PIF investors are on the internet. This is way, way below the national average. Something is a bit odd about that figure. More regular on-line WC bulletins could quell a lot of understandable speculation on this blog

Any chance of Breaker 1 arranging another interview with JH?

 

[RickH]

Re: Octaviar MFS Premium Income Fund PIF

I too would like someone to explain to me how they can get away with this please....

Hi Sugar,
1) Octaviar is in trouble and appears to have limited capital/assets.
2) JH has all of the available information and we need to trust her judgement or we need to find another RE.
3) We do not have all of the information and therefore we cannot realistically make a fully informed decision.
We are only presenting an emotional guesstimate.

Who said they can get away with it?

If there is fraud the individuals concerned will hopefully be taken to court and their assets should be targeted for the benefit of PIF plus jail terms if at all possible.

Please remember that JH is a solicitor first and probably will always consider legal action.

Remember that JH needs 75% of the vote.

RickH:couch

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

So Great Doom, What is your constructive alternative??

Great Doom/// Thanks for that gave me the best laught all day /// thats a good one // Maybe we should have a new manager one that will gives us the wishrs of the unit holders I want you to go back & readthe full page post of ZEXO & read all the things we should not have I am not getting paid to run PIF WC is & so far i am not impressed A complete lak of information Remenber its our money they are playing with ////////

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

Splitpin -

The ongoing participation of the AG with WC is very important. By the way, what is the official status of the AG? Does WC have to recognise it? If so, up to what point?

....................

Am surprised to read that WC believe that only 1000 PIF investors are on the internet. This is way, way below the national average. Something is a bit odd about that figure. More regular on-line WC bulletins could quell a lot of understandable speculation on this blog

Any chance of Breaker 1 arranging another interview with JH?

WC have pulled that 1000 out of thin air it would be closer to 8300 accourding to the latest Stats ///

 

[great dame]

Re: Octaviar MFS Premium Income Fund PIF

Hi Sugar,
1) Octaviar is in trouble and appears to have limited capital/assets.
2) JH has all of the available information and we need to trust her judgement or we need to find another RE.
3) We do not have all of the information and therefore we cannot realistically make a fully informed decision.
We are only presenting an emotional guesstimate.

Who said they can get away with it?

If there is fraud the individuals concerned will hopefully be taken to court and their assets should be targeted for the benefit of PIF plus jail terms if at all possible.

Please remember that JH is a solicitor first and probably will always consider legal action.

Remember that JH needs 75% of the vote.

RickH:couch

I agree with one thing you say RICK WE NEED TO FIND ANOTHER RE Have you anybody in mind ??????????? //

 

[flatback]

Re: Octaviar MFS Premium Income Fund PIF

Flatback I understand you frustration

However please understand that many people on this forum are bitterly disappointed that they will only recieve 22,5 cents in the dollar for money that was unlawfully pilfered from our fund when OCV note holders will recieve
practically all of their money back in 3 to 5 years under the terms of Chris Scotts deal

If you could inform the Forum members exactly why this can be allowed to happen legally we would be most obliged


I have one my in my AG members who has literally had money removed from one of the Funds in which he invested in the PIF and placed in OCV which has now left him with nothing . This has gone beyond breaking corporate law it is a matter of major fraud.

Regards Chris

Chris you are at it again, and you are putting suggestions and assumptions to people on this forum without any evidence to support what you are saying,WHO said we will get 22.5cents is this cast in stone somewhere ,sorry i cant remember anybody saying this to be factual,and as to my ability to inform members of this forum how this can be legal (get a life) if those that have perpetrated this mess get away with it, i'll be very surprised. thirdly i feel for your friend ,but let us have no delusions here ,my needs, and all of us in this predicament, are important to each and every one of us as individuals. i believe this is why we cant go down the track of Magoo and the like or we WILL self destruct.We are hearing to many snippets of information without any substance all inuendo,i believe we must keep clear heads and be patient.

 

[simgrund]

Re: Octaviar MFS Premium Income Fund PIF

Ok, we have just about flogged and burnt "Joan of Arc - JH" to death.

Lets go forward, one of the processes for the PIF RE is the Compliance Plan, the last audit logged with ASIC 26 Sept 2007.

I would expect that WC would at least invite the AG to be part of the compliance committee as members of that committee to ensure transperancy and all operational processes are in place to Corp. Act 2001 & ASIC.

This should remove all the inuendo and fears for the future in regards to RE responsibility and accountablility.

Is this a reasonable and acceptable request?.

Regards

Splitpin

To SPLITPIN, SELCIPER, BREAKER1, SEAMISTY, RICK-H & many other true fighters out there:::
Please do not get distracted with petty sniping at targets of no consequence. Your forum time is far too valuable. We all truly appreciate everybody's efforts to date and are that much more informed thanks to these efforts.
SPLITPIN's call for Action Group to be part of the compliance committee is a real step forward.
It would allow a responsible AG member to post on the forum (If permitted to do so) latest bulletins of relevance without the need for "legal eagles" raking over their veracity with whatever distortions that may imply.

There may be other ways for PIF inclusion in the circles that matter, however this call is a true start. Let's support it.

With best regards

 

[zixo]

Re: Octaviar MFS Premium Income Fund PIF

The problem stems that Jenny touted herself off as the PIF saviour at the forums and then progressively has lacked in promised information or actions.
The PIF is neither a charity nor is it a Cash Cow to prop up struggling companies which have only ever resulted in losses to our fund.
Her optimistic viewpoint of seeing a glass half full rather than a glass half empty has become a mute point. The fund is what it is, It may simply be half of a glass which is happily being sloshed around.

I’m open to any feedback. What have WC done since they have “managed” the fund which has factually benefited the Investors of the PIF.

Any takers?