And even before that fateful update, wehad these advices from a well meaning participant:
[ 30th-May-2008 09:21 AM #47
I would suggest PIF unitholders call a meeting.
You will find that you will need x number of investors to requisition.
(number can be provided by existing RE) Issues that should be discussed at meeting is:
1) Full disclosure of the 25 parties who approached OCV to acquire management rights.
2) Full disclosure of current position including what losses have been
incurred to repay bank.
3) Tender process to be undertaken to replace RE with party capable of providing funding to ensure maximised work out.]
There are few Russian Expletives that would be most appropriate here, MiaGain,
however I learned to conform the Fun-way!
PIF history is full of similar missed opportunities.
Pray Perram J. reverses the trend!
Cheers,
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