Finally we have received our third one cent return of capital over three years later than originally pledged by WC. According to Wellington Capital our units were worth 45 cents at that point when they (WC) took control of our Fund in 2008. What are our units worth now and what assets are left in our Fund? 3 cents from 45 = 42. Surely we had some income producing assets? Not to mention growth??? Especially as we were subjected to a questionable placement issue for the sole purpose of raising capital to value add to existing PIF assets???
I am really encouraged by the support of others that have taken the time and effort to stick together and continue to voice their opinions re the PIF. I would also like to see some posts by those who still support Wellington Capital and also from the IAC committee which will in all likelihood never happen.
OCV
octaviar limited
