From what I understand it means that the PIF (Seamisty's...

From what I understand it means that the PIF (Seamisty's holdings)...are now under total control of wellington capitol.

For the PIF...I think its much better as wellington can probably do something with the PIF more than Octaviar could.

For OCV shareholders....I also think its good also as the PIF was a performance fund and obviously not performing...so having the PIF under OCV would have been losing them a fair bit of money.

It seems OCV is getting through the mess...however....a coourt date of July 16th is set for OCV and Challenger to fight it out..then July 21st I think for OCV and the public trustee to also fight it out.

Hopefully before those dates, OCV has some succesful meeting with Challenger / Public trustee and reach some agreement.

If they can do that....then no need for court and thats 2 out of 4 creditors on board. We need NAB sorted and ASX / ASIC...think its ASX they owe some money to?