still lookin' for a perch (to rest upon)

So the clarification that ASIC sought from WC on what disclosure it will make to unit holder is to adjourn the meeting to the 14th June?

ASIC has sought clarification from Wellington on what disclosure it will make to unit holders as a consequence of the court’s declarations of contravention and on its intentions in relation to the extraordinary meeting of unit holders of the PIF currently convened for 6 June 2013.

Surely the votes at the meeting on the 6th become null and void? If not why bother to vote or attend? If not sorted we may as well put our heads between our legs and kiss our a..s goodbye.

At this meeting unit holders will be asked to vote on resolutions which if passed will result in all of the remaining assets of the PIF being transferred to ARL with a similar in specie distribution of shares to unit holders as occurred in September 2012. Consequently, the unit holders will no longer be members of the PIF but shareholders in ARL.