pif related news, page-58

Selciper, I can only pass on my interpretation of the conversation and that was that there were some more contracts in place which need to be made unconditional before they take place. This is the same as the last one for $8.5 million that was not guaranteed until it went unconditional that will see the bank loan paid Mar end. Considering it took from June 2008 until Mar end2009 to pay the remaining $45mill of debt, I don't think we can count on there being too much income being generated. I will be interested to see the next lot of financials.While I will be happy to see our fund debt free, it would have been nice to see any sort of distribution come from generated income , not capital.However, I also recognise that many are struggling and will appreciate some sort of distribution which in turn will also permit WC to draw fees. I can't see unit values increasing on the NSX until such times as there is some sort of regular income stream happening. regards, Seamisty