octaviars debt to pif, page-4

bambited

PIF will be affected in a couple of ways. The income from the management fees which was going to Wellington Capital may now be sold to the highest bidder and the loans made by PIF to OCV will be written off and that will have a big impact on the return to PIF investors.

That will also expose any breaches of the PIF covenants made by the executives of OCV who were one and same.

PTQ should have applied for a provisional liquidator to immediately stop the dissipation of assets rather than give them another month to fool around as they have.

PIF investors should be demanding that the Responsible Entity freeze all assets immediately.

The remaining portion of Stella needs to be protected or CVC will pick it up for a song as soon as they can.