lodge your protest now if you agree with me, page-14

Seamisty

This forum is divided into OCV shareholders and PIF investors and obviously some with a foot in both camps.

For a retail investor in PIF they want a manager who has the strength to make sure what ever is left in this is maximised.

If it is all development loans then the projects have to be finished to maximise your chance of getting your capital back.

Your counterparts in NZ in Pacific Finance are even worse off as they were the second mortgage fund and need PIF to be fully repaid before they see a cent from each loan.

Does Wellington Capital have the capability to do this. So far they are saying they have 600 million FUM. How much of that is liquid and capable of been applied to fix the issues ?

Nothing so far I assume you have read in the announcement gives any further comfort to PIF investors.

The question a PIF investor should ask OCV is "was Wellington Capital the most financially capable group who registered an interest in taking over the management rights?"

For OCV shareholders you have gained no cash now, and no upside in the future.