.... or floundering in debris?
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Yesterday's postscripts; 14-293MR Wellington Capital's High Court appeal dismissed 6/11/14
The action taken by ASIC, which has been the subject of consideration by the Federal Court,
the Full Court of the Federal Court and the High Court, did not seek any remedy in relation
to the original transfer of assets from PIF to ARL in exchange for shares.
It was and remains for each unit holder, and anyone who may have purchased the shares from
a unit holder in good faith, to determine whether to take any action in relation to the transfer to it of ARL shares.
ASIC will not be taking any further action arising out of the transfer of assets from the PIF to ARL.
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Asta la Vista to you too!
Regards,
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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