concrete actions needed, page-16

Kids things.

Good on you Tuart. Are you the mummy or Daddy?

I gotta start thinking about kids....getting to that age now.

Quick question. This offer or offers you know about...do we have any proof of there even being another offer.

Also...are we sure Octaviar would be allowed to sell the the managed funds side of OCV? I would say at the moment that OCV doesn't have the liberty to do what they please as they are at the mercy of creditors, ASIC etc to follow a certain path in order to be officially a company under the corporations act.

After seeing KPMG refusing to sign off on the financials that OCV was following the corporations act...I think we all know that Octaviar got in such a state that its identity, thanks to King, Adams and Peacock became something alien in terms of a company as it broke so many rules and got so stuffed up that now Octaviar has to really get itself back on track.

I personally believe the Octaviar board is truly doing their best to get all corporations act principles / hoops coverned, the creditors onside and generally sweep out the old MFS faults.

If they cant...Octaviar goes into liquidation.

Guys...dont worry about the managed funds side of Octaviar being setup as an option to be managed by Wellington, as we may find Octaviar just can not get out of this mess.

Seriously....we are hinging on administration / liquidation.

As a minimum, at least the PIF holders may be ok now.

Thats great for them and I am very happy as I dont believe it honestly was in OCV's best interest to keep looking after it. Sure...it would be great to see it "sold" and OCV receives something for it...but my understanding is that its a performance fund and its not performing.

Also....are we 100% positive there was any other option for OCV? Being in this situation with ASIC / creditors may have restricted their ability to freely sell assets.

Remember one thing in all your OCV thinking from here on in:

This company could shut down at any time...kaput...done.

Its happened to many others. It seriously could just be announced out of the blue "creditors negotiations didn't work...we are going into administration".

I would relax for now....give the board a couple of months to try get creditors on side and ASIC happy again and there may be a company. If they cant..there is no company and arguing about Scott's and Hutsons relationship will be futile.

It also has not been proven that Chris Scott has any financial interest in wellington and also Jenny Hutson officially has nothing to do with Octaviar.

To suggest otherwise should be backed up with proof as its treading a dangerous line legally. We know they are friends and associates and setup wellington...she was on the board at S8...well to me...these two working together has as a minimum allowed OCV to still be standing, to have financials out finally and to have a new board with solid skills talking it out with creditors and ASIC to try make a company out of OCV.

Billy / Ytrium....a quick not...I did not get Chris Scott on the board....he got himself on the board.

If you followed the whole situation you will have noticed I simply let shareholders know of their option to vote Chris Scott onto the MFS board and I did this for two simple reasons. He was holding 42 million MFS shares where people like Peacock had 58,000...not a lot for Peacock to be concerned about yeah?

Also...Chris Scotts business experience went from strength to strength over his career. So he was in my opinion and in the end the majority of shareholders opinion...the best choice for sending in someone to take a hold of MFS and to see if he can sort it.

So I emailed proxy forms...people faxed them or sent them in if they supported the resolutions set out in the proposed EGM.

Anyway guys...we're all in this together if you are holding OCV shares.

Give it a couple of months. Its really a case now of seeing if the creditors will let OCV survive and I would say from the announcements such as Challengers to OCV about breaking the covenant....they really are not happy with OCV. It still could go either way....survive or liquidate.