Freddyray aka Fred Woollard has been sniffing for Pif units since May 2010, page-3

Hi seamisty aka Simon,

We've actually been buying PIF units since 2008. Check your records.

Nothing dodgy to report though. Please let me know if you find anything dodgy.

Our business is buying distressed assets cheaply. PIF was a classic example of the sort of asset we like to buy. Read more at www.samuelterry.com.au

Thanks for your interest in my fund...Fred