reply to seamisty, elswhere, page-2

No good news for PIF re GEO researcher,it appears JH managed to shaft us on that deal as well!!!

15 may 2008 - WC sold its 9.4% stake in Geo to Trojan Equity for $0.255 per unit ($10.22M) and a possible 40% of any increase in price to be calculated in the 30 days before 31 Dec 2008. Andrew Kemp a former S8 director is a director/chairman of Trojan.
15 may 2008 - Closing price on the 15 May for GEO (GMP) was 39 cents (stayed around this price till end of May)
5 Jan 2009 - GEO ASX announcement states: Trojan advised the RE of the PIF that no additional consideration is payable for the sale of GEO, and the Agreement is now at an end. No further obligations exist between the parties. (i.e. $0.255 was all the PIF was getting from Trojan for the 15 May 2008 sale) This was not disclosed via the NSX

Andrew Kemp, Chris Scott and Jenny Hutson all had prior/existing close working relationships. Most PIF investors rue the day they voted for Jenny Hutson of Wellington Capital. We can only hope that if there were any inappropriate deals cut with the disbursement of OCV severely impaired assets/entities, they will be uncovered through the public examinations and those responsible dealt with accordingly. Seamisty