“An amazingly lucrative deal for some serendipitous individual with absolutely no risk attached -as collateral was given over the entire PIF asset base . ”
Serendipitous Individual? Lucky in making unexpected and favourable decisions.
I wonder what Wellington Investments loan rate was in 2008. 20%?
JH making unexpected and favourable decisions? No way she's as straight as a die.
OCTOBER 2008
BOUTIQUE merchant bank Wellington Capital has won support yesterday for its plans to restructure the frozen $770 million Premium Income Fund.
PIF's debt had been reduced from $200 million in January to $9.4 million now, Ms Hutson said, and it was on track to reach zero within a month.
"We were the first into this (financial) crisis, and we will be the first out of it," the former lawyer told the extraordinary general meeting of 410 unitholders at the Gold Coast Convention Centre.
PIF had offloaded assets earlier this year when business conditions were better than now, she said.
OCV
octaviar limited
favourable decisions?
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