Time has appeared to have stopped for PIF with the spring broke, PIFA in hiatus, ARL silent with rigour mortis, ASIC scared shitless, WC stone dead mute except for some legal threats, the proposed Senate ASIC enquiry detail is lost somewhere, maybe some legal cases finality early 2015, etc..
But maybe there is some certainty in e=mc2 - Administration, Consultants, Custodian and Legal fees will continue to accelerate with increasing associated speed and costs for very little productivity that will be of any benefit to PIF.
It is beyond belief that we can go to about $0.06 per unit without any proper explanation or an independent audit of the performance of the fund.
ASIC should have acted and frozen the fund long ago.
OCV
octaviar limited
