charles36, i like you am in despair about cascap. they have abandoned us. i rang today and got bri. who are they???????????????????
my friend who was in court said cascap will have to pay at least $700k for the costs of the court case because those the evil ones won. i am so worried about...
Hi seamisty and other dedicated posters
i read this site often, but don't nearly have the amazing knowledge on all things PIF as you do. congrats on your efforts so far - we won't die wondering if someone tried to help us, thats for sure
does anyone know if CasCap are taking over the first...
Re: Octaviar MFS Premium Income Fund PIF
WC has confirmed that they have had an approach for a supporters group to meet at 12.30 today at 307 Queen Street.
Re: Octaviar MFS Premium Income Fund PIF
My understanding of this from reading the creditor document on the website was that:
liquidation/liquidation of Octaviar meant 11 cents (their calculation) in the dollar and WC would have to prove the $147.5m claim in the courts
not winding...
Re: Octaviar MFS Premium Income Fund PIF
I agree Sugar.
Why aren't the headlines ASIC has commenced proceedings against Octaviar?:confused: I'd much rather get the $147 million + support $50m back. If ASIC gets an adjournment who pays for the meeting costs - pretty sure you can't get your...
Re: Octaviar MFS Premium Income Fund PIF
Jadel,
The group is certainly organised - I'm not questioning that.
But I've heard that it costs money to join? Isn't that isolating the little people who can barely afford to buy their groceries, let alone pay out more money? Does PIFI just...
Re: Octaviar MFS Premium Income Fund PIF
Rick - I agree. Pay any lawyer money and they'll find errors.
Jadel - clients should be shown an opinion. Aren't all uintholders clients. How does a unitholder know that the PIF initiative is actually for all unitholders and isn't just driving...
Re: Octaviar MFS Premium Income Fund PIF
BABIHUTAN - your SRN is different to your MFS number. I'd ring computershare. Their website is www.computershare.com.au
Cheers PIFHolder
Re: Octaviar MFS Premium Income Fund PIF
Dear Boots and other PIF unitholders,
There was an article in the newspaper on the weekend that said it was illegal to tape telephone calls. Even the police aren't allowed to do it without a court order.
We've all lost money, but what we don't...
Re: Octaviar MFS Premium Income Fund PIF
]
DoraNBoots
Thanks for your post. Isn't the problem with the 45 cent compared to the 13 cents that everything needs to be sold by the end of March? My understanding from the Melbourne forum and from watching JH in the dvd is that half of the...
Re: Octaviar MFS Premium Income Fund PIF
Great Dame,
I just spoke with WC who advised that Computershare are counting the votes, but that they are using the reply paid facilities of WC because it's less expensive and more efficient.
Cheers
PIFholder
Re: Octaviar MFS Premium Income Fund PIF
Thanks DoraNBoots,
Still reading the document - it's big!:) At least there's the detail in this so that investors know what the assets are
A good thing for investors is that WC is setting up an Investor Advisory Committee - at least we will get...
Re: Octaviar MFS Premium Income Fund PIF
Mutchy,
Thanks for your post. Here's my two cents worth. I hope it helps.:2twocents
I don't think that the PIF units will have to be a stapled security, but rather can be listed as a unit trust alone. Mirvac PFA Diversified Trust (their code is...
Re: Octaviar MFS Premium Income Fund PIF
I must agree Javier. Voting for JH in the current situation is IMO the best way forward ... and I really need my distribution in October!
Re: Octaviar MFS Premium Income Fund PIF
My adviser just sent me this ...
EGM is 18 September
Investor Update: 1 August 2008
Unitholder meeting
Jenny Hutson, Chairperson of Wellington Investment Management Limited, the responsible entity for the Premium Income Fund is pleased to...
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