Thats pretty heavy going Researcher!!! The similarities I was refering too was a lot simpler, ie. towards the end of MFS's demise I would imagine that they were paying PIF redemptionsand distributions from new suckers and those who rolled over their investments as the piggy bank was dry! Any income would/should have been reducing the $200mill bank loan to RBOS. 12 months on and WC is still struggling to repay the last $5mill of the original loan and that is without and distributions being paid. I hope all the bad news for PIF holders will be left behind with 2008 and 2009 offers unit holders some stability with the remaining skeleton being able to put some meat on its bones!!!!! Seamisty
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