unusual ....., page-3

Not at all Radcan

it is "unusual" in that no reason was given .........

Vainauskas is head of "risk" inside of Perpetual ........

However - the ONLY WAY PPX and PXUPA holders would become "aware" is if some/all of the internal correspondence were to become public ........

the PXUPA holders did actually ask the R.E. (at a PIGS meeting with Trustco) "what evidence can the R.E. provide to PXUPA holders that the redomicile of the inetrco loan was in the best interests of PXUPA holders .............from my memory - no answer was given ......and none was provided afterwards - even thou the question was on the public record ..........

rgds
V_H