wellington capital to take pif to high court, page-20

Absolutely Duped, Asset Resolution Ltd personnel were more than likely consulted/invited even 'induced/seduced/created specifically' to take on the role!!!
Yes, we would rather be well rid of Wellington Capital Ltd, but not if it enables WCL to be exonerated from bleeding the Premium Income Fund dry without being held accountable for massive losses incurred under Wellington Capital Ltd.'s poor management and lack of promised expertise.

Quote hutson:
Hutson is confident of delivering a three cent distribution to shareholders in October and December and subsequent quarterly distributions. Units will also be listed on the NSX to give investors trading options.



“We are hoping to make some recovery there and that will improve the value of the unit, we will be asking them (investors) to vote on a three to five year proposal to come with us, which we aim to turn that 45 cents back into one dollar,” says Hutson.

“That means we can restart distributions. This was a high performing income fund and we believe it can become a high performing income fund again. Recommencing the distributions is a really important part of that strategy,” she says.

“If the 10,345 investors stay with us, we believe we can get their money back

“That means we can restart distributions. This was a high performing income fund and we believe it can become a high performing income fund again. Recommencing the distributions is a really important part of that strategy,” she says.

“If the 10,345 investors stay with us, we believe we can get their money back
Full article:http://www.goldcoastbusinessnews.com.au/article1206/Crunch%20time%20for%20PIF.html