Re: Octaviar MFS Premium Income Fund PIF
Dear Dora
Sorry late in replying have this dreadful virus that going around .
I think we are talking timescales here , obviously selling units in listed property trusts at this time ,with one of the worst disasters in history the Sub prime Crisis( which has shaken the financial system to its core )would be foolhardy .
Once America and the world recover from this catastrophe the property sector will recover, we also need to complete and sell the projects under development.
Therefore, In my opinion we need at least three years to enable the assets to regain value. That is why I an in favor of an incentive based scheme on any asset sales with a chosen Manager or Administrator, under those circumstances I am certain we would receive a fair price for the funds assets.
This is a very different proposition from the piecemeal sell off at fire sale prices given as our onlyoption ,which to answer your question may indeed receive less than the 45cents value .
In any event , any rational alternative is now only of academic interest ,we have only been given two choices, the “Devil or the Deep Blue Sea” and I think most people intend to take the former. If that is the democratic vote then so be it.
However , people need to understand the harsh realities of the situation ,Jenny Hutson can not make a fair price at NTA value in a trading market.
Now you may ask, why is this guy is so frightened of being listed , well apart from all the previously mentioned dangers of a Placement or Non renounce able Rights Issue which can devalue our assets at the stroke of a pen ,I also happen to have a nephew who only purpose in life is to write Quantum Algorythyms ( mathematical formulae ) for a major investment Bank trading in listed equities
The price of a listed asset value can and is manipulated by these financial groups either upwards or downwards to suit their purpose.
If you have any doubts check out how Goldman Sachs made a its main profit for the last few years (it wasn’t from investment banking )
In respect of the other investment schemes I do know something about the Maximum yield fund as one of our AG members had a major investment in this scheme .
The money was invested at a stated return of 15% anything over would go to OCV and the investment could only be withdrawn on a group vote.
Basically their is nothing left in the Maximum Yield Fund all of the money was unlawfully withdrawn and placed in OCV. Jenny Hutson herself has admitted to him verbally that this is a case of fraud.
Regards Chris.
Dear Dora
Sorry late in replying have this dreadful virus that going around .
I think we are talking timescales here , obviously selling units in listed property trusts at this time ,with one of the worst disasters in history the Sub prime Crisis( which has shaken the financial system to its core )would be foolhardy .
Once America and the world recover from this catastrophe the property sector will recover, we also need to complete and sell the projects under development.
Therefore, In my opinion we need at least three years to enable the assets to regain value. That is why I an in favor of an incentive based scheme on any asset sales with a chosen Manager or Administrator, under those circumstances I am certain we would receive a fair price for the funds assets.
This is a very different proposition from the piecemeal sell off at fire sale prices given as our onlyoption ,which to answer your question may indeed receive less than the 45cents value .
In any event , any rational alternative is now only of academic interest ,we have only been given two choices, the “Devil or the Deep Blue Sea” and I think most people intend to take the former. If that is the democratic vote then so be it.
However , people need to understand the harsh realities of the situation ,Jenny Hutson can not make a fair price at NTA value in a trading market.
Now you may ask, why is this guy is so frightened of being listed , well apart from all the previously mentioned dangers of a Placement or Non renounce able Rights Issue which can devalue our assets at the stroke of a pen ,I also happen to have a nephew who only purpose in life is to write Quantum Algorythyms ( mathematical formulae ) for a major investment Bank trading in listed equities
The price of a listed asset value can and is manipulated by these financial groups either upwards or downwards to suit their purpose.
If you have any doubts check out how Goldman Sachs made a its main profit for the last few years (it wasn’t from investment banking )
In respect of the other investment schemes I do know something about the Maximum yield fund as one of our AG members had a major investment in this scheme .
The money was invested at a stated return of 15% anything over would go to OCV and the investment could only be withdrawn on a group vote.
Basically their is nothing left in the Maximum Yield Fund all of the money was unlawfully withdrawn and placed in OCV. Jenny Hutson herself has admitted to him verbally that this is a case of fraud.
Regards Chris.