wellington capital ltd, page-8

I dont know if this will interest...I dont follow Seamisty's arguement/points re Perpetual Nominees...
but this NZ article about a Perpetual Trust...could be a different mob, situation, off target completely etc...
but a nominees and trust are on the P site?

heres the article and a quote which seemed on Seamistys points...

http://www.nbr.co.nz/article/perpetual-trust-has-had-ample-time-repay-28-million-loan-%E2%80%93-fma-gb-122863


Perpetual Trust has had ample time to repay $28 million loan – FMA

Georgina Bond | Thursday July 05, 2012

part states...

"The FMA has just made a statement to the NZX following the High Court discharge of confidentiality orders that were keeping details of its investigation into Perpetual Trust secret.

FMA’s statement says the loans were not in the best interests of investors in the funds and the circumstances in which they were made by Perpetual reflects a lack of judgment and lack of understanding of its role as trustee of funds of this nature." continues
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Sorry if its not of general interest.