...A few days ago we were expecting a run on the PIF with no...

...
A few days ago we were expecting a run on the PIF with no time to spare.
Now you say its worth zillions to OCV and Europe are fighting for it?
Europe is in deep trouble...we are not,actually.
Our banks are in good shape but the more we embrace OS funds the more we are exposed and the harder THEY have to work those funds to recover.
Why are Australians so in awe of OS anythings?
OCV could be a small part of the big pie..thats a crumb isnt it?
Thats when you lose control of the investments it makes.

Thats like selling 65% Stella and you have no control..
May as well become another employee of a big OS Company.
You cant build much that way.

Took a look at City Pacific it is still trading and according to posts the David Tweed character is approaching Fund holders with the view to buy at looow prices...

Financial Services just aren't that attractive right now.

So JH gets an OPTION free..for security she had to have hundreds of millions $ of assets and even if they are not liquid she can treat the borrowers/developers many who she may personally know, fairly.
I think its about keeping control of local affairs instead of being just another crumb of the big OS financiers.


On the 2/5/8 Craig White resigned.
Same day directors of the Funds were replaced by JH and others.
Same day Geo announced that it may sign or may not sign the Internalisation agreement.That was a strange announcement that sounds like a play for time..imo

Paul Manka made a statement that it was not in our interests to have it structured as is ,AT THIS TIME.
The sorting of subsiduries wholley owned? ..internalised?or optioned..

AT THIS TIME?? ...3 words missing in a media report...
What is going to happen at this time..
How does an OPTION help at this time?

That may mean that there are possibilies..HOPE
Just cant announce the possibles ..
They cant announce possibles..
They are working on something..AT LEAST..
How short are your memories?

I am not as worried as I was a week ago. Sorry.

The CEO gets the Nod...Give him a go.