OCV octaviar limited

premium income fund , page-12

  1. 1,717 Posts.
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    Yes Bionic, we have a full time shark boat, the nets go on a big shark reel.We hang them in our yard, they are 540 metres long and we have enough units to use 9 nets,they need to be replaced fairly often.Re the PIF, I'm under the impression todays update is concerning that.My concern for the shareholders of OCV is where is any income going to come from? Circle on Cavill in surfers is up for sale, I am assuming the money from that will be already accounted for. OCV has a legally binding contract with OCVIM to pay a Support Facility to the PIF (50 million from memory)which hasn't been paid (that I am aware of).How much income from the 35% stake in Stella (Mantra) is there?. What other income bearing assets apart from the Q1 Observation Deck do they have? They are receiving nothing from the PIF. There is a lot of information being with held in my view.Cheers, Seamisty
 
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