pif related news, page-75

Seamisty,

On 5th March you posted comments regarding communication with WC.
You were given a personal assurance that your name was on the 'nominations list' and that your nomination form was certain to be processed. ISN'T THIS PREFERRENTIAL TREATMENT? What about all the other investors (who might not have internet access) who might want to nominate but have been stuffed around because of the mail out bungle?
If WC have a list of every investor who nominated, why didn't they just give this list to Computershare for the mail out? Or was Caroline talking about an 'in-house' list WC has selectively compiled?

You did not mention what WC's response was to your complaints regarding their lack of communication and your request for regular updates.

You questioned what strategies WC has in place to attract new investors / capital to the PIF. At the investor meetings held in July 2008, JH responded to questions regarding raising capital/new investors via NSX, by stating that "WC had no plans to raise new capital". If you read the transcripts from the ASIC vs WIML case, you will see that Justice McMurdo was lead to believe that WC's intentions for the Fund is to sell off assets over 3-5 years. Do you have information regarding WC's intentions to raise new capital?
THIS INFORMATION IS EXTREMELY PRICE SENSITIVE AND NEEDS TO BE DISCLOSED TO EVERYONE. IT IS EXTREMELY IMPORTANT INFORMATION FOR INVESTORS TO BE MADE AWARE OF.

Not only are investors confused over minor issues, but there is considerable confusion and misunderstanding of major issues such as UNIT VALUE, LIKELIHOOD OF INCOME AND THE FUTURE OF THE FUND. WC needs to disclose all of this information clearly, concisely and promptly.