West was negative on CIY before it hit the $1 range, so maybe he...

West was negative on CIY before it hit the $1 range, so maybe he was trying to help mum & dad investors? Before you go off at me, I don't actually think that was his intention, but maybe it should have been taken as a warning.

Somehow I don't think that CBA decided to cancel the lending facility of First Mortgage Fund due to any media hype by Michael West. Nor did he make the Fund default on its short-term facility.

And although the mortgage fund confirms they will be paying distributions in accordance with terms of the fund, if my understanding is correct they had historically paid them earlier? (correct me if I'm wrong there). If that is the case then they are still paying later than they have educated the fund holders to believe would happen. Within terms of the fund? Yes. Within expectations created? No.

I'm not saying Michael West is an angel, but it's easy to blame him for a lot more than he can get given credit for.

MJS