Devaluation of the fund through fire sales, mismanagement and excessive related party transaction debits and legal fees by the evil one and cohorts has probably shown that what's left is worth a lot less in reality than on paper. So maybe CasCap don't see the value in another expensive and risky...
I should have been clearer with my post. When I said "that you don't like" I didn't mean ignoring posts that we disagree with.
If we disagree with a post then by all means reply with a substantiated counter-argument. After all, that's one of the reasons forums are created.
By saying "a...
With respect to all, please heed the very justified warning from the Administrator, Joe Blow in his post #8543.
Please stay focussed on using this thread for providing information, and on the common cause of trying to find ways to restore the PIF to something that actually returns some value...
There's a very interesting sentence in McCullough's note:
"Wellington then placed units to an investor at 10 cents per unit". (bold added by me)
It's either a slip of their keyboard, or the McCullough lawyer who wrote the note has inside information about the "sophisticated investor(s)" that...
Hi 66joy. Refer also to post #7775 by marcom on page 389. It sounds like JH's partners law firm McCoulough Robertson who represented City Pacific, are giving her the same old tired advice which didn't work for them then ...strange how she thinks it may work this time...
Ashley
Hi Seamisty, I just discovered the link in the email for people who sent in their proxy vote but are unable to attend the EGM, doesn't have the .com. I just added it and it went through fine, but that might be a reason for lower numbers tallied in that category. Just a thought.
Ashley
Thanks Seamisty and PIF AG!!
Notice that WC are STILL not acting in the interests of unit holders, by withholding information from NSX that affects the value of PIF shares. The WC announcement does not mention that the originating process is about WC modifying the PIF constitution and...
Just to add to zixo's great suggestion, it's likely the Radar people have also been briefed to respond with something like: "Castlereagh don't hold an AFSL of a kind necessary to be RE of PIF". This is misleading because, of course they don't...not while WC are the RE of PIF.
Castlereagh's...
Not sure if this has already been posted today or not, but here's the recording of Castlereagh's Sydney information session today, complete with presentation slides.
http://www.brr.com.au/event/81414/partner/theaustralian
(I used the Australian link rather than the original brr link...
I've just submitted my complaint online to ASIC. I've also been an avid reader of this forum and really appreciate the amazing effort and tenaciousness of Seamisty, Charles36 and the many others who (thankfully!) will not give up. You've got my vote!
Ashley
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