Hello Camelia,
Firstly: litigation is limited to August 2008 cut-off date in IMF class action. Late comers are barred from sharing in recovery action sanctioned by IMF. So says the paper it was written on. History often has add-ons and postscripts.
Whether this date will be universalised for other cut-offs to protect bona-fide PIFers is still, I think, to be tested.
What is happenning is a classic "Liquidation by Stealth" operation by WC with an apparent nod-of-approval from ASIC.
To be sure, all these shenanigans will be revealed; how many of us will be lucid eanough to wave our fists is a big Q?.
I am transiting myself in accordance with this event.
Gloating is unbecoming!!!
Regards
OCV
octaviar limited
come back jim byrnes - all is forgiven!!!!, page-3
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