Recent content by AusInCA

The announcement has an email address for contact: iac at wellcap.com.au

Now let me see if I've got this straight. With the resignation of PWC as auditor. The new auditor has an association with Ms Hutson. So Wellington now as well as being R.E. for PIF and also controlling the Registry function and also the Mail House involved, they also now have a link to the...

I hope it's not a distant memory, for anyone assessing whether to do business with Wellington Capital or Jenny Hutson. I hope the memory of this debacle she has so greatly contributed to remains for the rest of her career and beyond.

I don't know if your assumptions on future value are correct, but the base number of units is now incorrect. Approximately 75 million additional units were sold in the capital raising in May. The number of units is now around 830,000,000. So if the method of calculation is correct the units...

(Above emphasis added by me) Not sure if anyone has picked up on this, but this would indicate that there would have had to be 2 copies of the register sent to whom ever did the mail out. One prior to each mail out. To me however , I think it would indicate more, that it is less likely that...

If J.H. chaired the meeting, in particular with the rent-a-crowd in attendance, the meeting possibly would have been dissolved without the motions being put to a count.

This is the best article I have read on this whole sad affair. ASIC and/or the Court has to take action against Wellington/Hutson.

Let's just hope this is followed up By Justice Dowsett and there is no order.

I hope all goes well for this round of the fight, at the meeting tomorrow. As I'm 10,000KM away I can't be there. I'll be on this forum first thing in the morning hoping for a win for investors.

The announcement on June 17 is only the announcement of the rescheduling of the EGM to June 23rd. Link: http://nsxa.com.au/ftp/news/021724113.PDF

Not sure it has any significance, I was reading the affidavits for the originating process and noticed that in the affidavit by A.M. the amount of the $7.55M placement was written as $7,550.00.

The one certainty at this stage is that if WC remains as RE we will continue to see the value of our units decline and the recent frenzy of information will dry up.

I Received my rights issue document yesterday(2nd June) in the mail in Canada. It generally takes about a week to 10 days to receive normal mail. I was surprised to see it, as I thought all non-residents were inelligible. If I was to accept it probably wouldn't make it back by the cut off date.

I too am a smallish holder of units in PIF. I've had a lot of reading to do over the last 3 days, since I received my Castlereagh envelope in the mail on Friday. Luckily I found this forum on Friday. As I am now a non-resident Australian, receiving information is a bit difficult. I missed...