Excerpt from : Read more:...

Excerpt from :

Read more: http://www.copyright link/business/...t-coast-monarch-20170529-gwfj8a#ixzz4inOh4BT2

Nothing for investors

ASIC has vowed to pursue the five individuals but despite the headlines, the main liquidator of the collapsed group,
later renamed Octaviar, Bill Fletcher at Bentleys told The Australian Financial Review that "no shareholders in
Octaviar nor any investor in PIF [around 10,000 of them], in my opinion, will receive a cent".

Fletcher has already paid out creditors 4¢ in the dollar from the $2.5 billion collapse but says whenever investors contact them,
they provide a letter from Deloitte confirming no funds are available and they should obtain advice to write-off the investment as a tax deduction.
------------------------------------------------------------
Some with a conscience will recall that Fletcher solicitors did not get
much "resistance" from PIF members at the "settlement offer" event in Brisbane.
Some 5 turned up and just 2 fronted the bench.

Oh yeh; talking about being masters of our own Fates!

Cheers,

​