Good morning Alpha,Perhaps the damage already done to OCV prior to CS coming on board is far greater than we all anticipated and CS is acting on instructions from Korda Mentha regarding the managed funds. There has much speculation in the media as to wether OCV would ever re-list and Chris Scott has been quoted as saying the situation was very bad, more so than he even realised.I have shares in LLA and I seriously doubt that will ever re-list. OCV do not own the assets held by the PIF, however they are responsible for a large amount of debt that has been accrued by it, $67 million lent to LLA and $50 million owed from OCV via the support facility. The RBOS which is owed $184 million by the PIF is a third party bank. Does that mean the PIF owe more elsewhere? OCV receive management fees from PIF which is nil at this time.That is not going to change left in their control as OCV do not have access to a badly needed injection of funds to resurrect the PIF. At this present time the PIF is a huge liability to OCV, not an asset. I have done some research on Jenny Hutson and in my opinion she would not put the name of Wellington Capital at risk by involving it or herself in dodgy deals.I am still of the opinion that there is an enormous amount of information being withheld from investors at this time. Hopefully there will be more announcements forthcoming sooner rather than later. To all the mum's out there, I hope you have a great day.Seamisty
OCV
octaviar limited
