Self moderated

Self moderated sorry about that prob my end..
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Wellington PIF Annual Report 30 June 2014
* Assets remaining with the Wellington controlled PIF is only approx $13M
* Responsible Entity fees were $67,000 as opposed to $470,000 the previous year. It is the PIF AG understanding that under the Wellington Capital agreement, Wellington fees would cease December 2013. We assume that in the next half year PIF financial report, Dec 2014, that under "Responsible Entity Fees" the figure should read "-" (zero)
See attachment: "Wellington Fees Expire"
* One concern with this report is the continuing Armstrong Registry fees @ approx $500,000 per year. We are pleased that the LINK Registry fees will be significantly cheaper for ARL purposes than the Armstrong Registry fees. It appears that Armstrong will still be required for any class action payment distributions on a once off fee which we understand may be reasonably priced. Nevertheless, the PIF AG feel that investors need to see an end to Armstrong Registry continual fees as Armstrong's work now seems basically unnecessary and an expensive duplication. The PIF AG will be contacting Wellington regarding this issue.
See "Registry Services Clarification" link here: http://www.nsxa.com.au/ftp/news/021728856.PDF