premium income fund ca delivered, page-2

It appears we may have similar views on that subject. I was not aware if a meeting or vote had been held to decide if ARL were a suitable entity to take over part of our fund . From previous bitter experience the more snouts in the trough inescapably results in greater expense . I can assure you that time from every Phone call ,FAX, paper clip and no doubt sanitary expenses will be accounted from many various diverse individuals and their minions . We have a situation where one Project Manager in conjunction with an experienced investors committee could have managed a controlled orderly sell down of the remaining assets . This is the strategy the PIFI stated was the only logical course many years ago .
The end result is now a catastrophe .