OCV octaviar limited

latest officiasl pifag, page-3

  1. 1,717 Posts.
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    TTTE Wellington Capital LTD has been as much use as 'tits on a boar pig', promised PIF investors way more than was ever delivered, frittered away $millions on operating/management costs, were responsible for over inflated asset valuations, stuffed up responsible/professional decisions (ie Wollongong Hotel auction), sucked the PIF dry and tried to hand ball us on to other cash suckers.
    Should WCL not be held accountable for breeching the corporations act? example, the placement share issue which was the first apparently illegal breech which resulted in the dilution of PIF unit holders investment? (ignored by ASIC and allowed to proceed}
    I seriously question why you think WELLINGTON CAPITAL LTD should not be held accountable for their gross negligence and false statements/commitments made to PIF investors in 2008. It seems that you are on your own, apart from one long standing duly appointed pro WCL IAC committee member who stood up at the recently adjourned, now cancelled EGM and gushed Ms Hutsons praises. (also apparently did not know surnames of other current invited IAC reps as had never met them as all communication is done by ph link up)

    What exactly is your position in the PIF? Are you an original investor? Blind Freddy knows that WCL have done us no favours but who in their right mind thinks that WCL should be able to piss us off to someone else so that WCL can not be held accountable for being such a failure??
 
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