Recent content by pifouSyd

When I see heavyweight like GWF and GrainCorp engaged in the court action, it does not make me comfortable that there will be a speedy resolution. I imagine that there is significant money involved to justify delaying the distribution by lodging their claims to the Court. This being said, I...

I'm not sure what they know that we don't. One thing probably to consider is that if a 3rd party buys a big chunk of claims, then 1) this 3rd party will probably find it easier to be represented in the legal process 2) has a common and simple objective (instead of the potentially...

Thank you skc 1) regarding statements: to my knowledge, most people have commented on Facebook that what their statements reflected what they expected. 2) regarding registering on the web site - thank you to all for joining. The more the better. The association will have several type of...

To all members of this thread: It's been great to have the opportunity to exchange views, news and even frustration using this thread. I'm not suggesting we stop using it. However, I would encourage all of you to consider posting on the association Facebook group: MF global Clients...

Considering that Goldman Sachs and JP Morgan were the main beneficiaries of the SEC's decision (with tacit support from the CFTC) to select a SIPA liquidation rather than the Commodity Exchange Act liquidation process, we can be confident that the FIA task force (led by Goldman Sachs managing...

http://www.smh.com.au/business/mf-global-clients-unite-20120124-1qfoe.html Ben Butler announces the launch of the MF Global Clients Support Group association. Pity he forgot to mention the website address www.mfgaclients.com.au P-F

Dear all, A few MF Global Australia clients have joined forces to form a non-for profit association : MF Global Australia Clients Support Group. The association has 2 main objectives: - Help clients achieve a quick return of their funds - Provide assistance to those most affected financially...

I strongly disagree with this opinion - unfortunately, I had this experience myself several times. The court process will not be completed fairly swiftly. Not until there are clients with opposing views. The principle of law sits above the principle of fairness - as long as clients lodge legal...

I think that one of the reason that could prevent Deloitte to make a partial distribution is the amount of conflicting positions Deloitte has received from various clients, in particular in the futures pool. As everyone is trying to get the best deal for themselves and "pull the bed cover to...

See attached the updated Futures pool collection as of 14-Dec. Money collected is now 71% of the $208m client gross amount as estimated by Deloitte and presented on 11-Nov. However the $208m is likely to change, essentially due to variations in positions still open on 1-Nov. For example...

CME directors suing Jon Corzine and other MF executives. That will make my day. http://online.wsj.com/article/SB10001424052970204026804577100680967560376.html?ru=MKTW&mod=MKTW

We are ready to launch the web site for Clients. We'll likely launch sometimes tomorrow - watch this space. The website will be created under the umbrella of a non-for-profit association. I need a volunteer to create a Facebook page in addition to the web site, which will be used to inform...

hatton01 and riskapur: 1) do you think getting direction from the Court is the only way? Can't we simply find a solution among ourselves, with the Administrator - there will be arguments and discussions, that's for sure, but wouldn't the prospect of all getting our money quicker be a...

Thank you hatton01 1) for your relevant reply to gg re current status of funds collected 2) for sharing Andrew Robb's reply - I got the same one. My understanding is that both the government and the opposition have contacted Deloitte expressing their concerns and their desire to see a seedy...

1) you are correct, anyone can stop the distribution, including creditors (for example, JP Morgan in the US is attempting to block the distribution of funds to US clients) 2) clients is a different status than creditor - as clients, our rights are different than creditors' rights; and the...