As per notice given earlier, here is the first missive direct to ARL. You can help by adding your voice 'I agree'; by emailing to [ [email protected], care of Mr Fred WOOLLARD. ]
Of course it goes beyond saying that a concerted drive to have our convictions known may make an impact.
Please do not be distracted! More going to other relevant parties.
Thank you,
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From: [email protected]
Sent: Tuesday, December 15, 2015 9:09 AM
To: Mr Fred Woollard Subject: PIF MUST WIND-UP
Good day Mr Woollard,
My name is Simon Grundel, one of many PIF unit holders retaining slim hopes
of a Christmas handout from ARL’s new board following on recent AGM outcomes.
.
One of ARL reasons to keep the company going as presented to unit-holders was
“to receive the settlement from Bentleys Liquidation.” or words to that effect.
Now that this event has passed ($340 mil suit settled for $10 mil), will you Mr Woollard, in your capacity
as a Responsible Director of ARL, give PIF members your unequivocal word that the Settlement Funds
will be distributed to PIFers in full and without further delays.
As there is no apparent REASON for ARL to continue as a going concern, will you please
do the RIGHT THING and wind up this operation as intended by ARL new board
now that Octaviar case has settled.
This outcome will PRESERVE maximum amounts available to unit holders from both
the Settlement and the Remaining Assets Realisation.
You may be aware Mr Woollard of great losses suffered by unit holders in the run-up to their present position.
You were alongside those events; judicial and other, throughout this
sad corporate saga.
And it is your corporate integrity that I am appealing to now.
Please FREEZE all ARL fees, levies and/or other charges on the amounts held in escrow for Distribution to us.
Whatever left, it is OUR MONEY for which we bled on the journey
witnessed by you.
Whatever the REMAINDER to be distributed will be truly appreciated
at these lean times for most of us.
I trust in your and fellow Directors’ senses of Corporate Integrity
not to allow any diminution of the Final Distribution Amounts.
The passage in your pre – AGM update on
(Shares at the time of distribution on ‘fees & charges’)
”However, if this deduction results in the distribution to the Shareholder being a negative amount,
the Shareholder must contribute that amount to the Company.”
is alarming to extreme and has a strong appearance of legitimising this suspicious Accounting Caveat.
