Essentially a vote for ARL is a vote for a 50%+ write down of...

Essentially a vote for ARL is a vote for a 50%+ write down of the Mortgage Loans. These loans form the bulk of PIF's assets.

And ARL agreed to those transfer valuations? Only to write the value down right away. How does an excessively high valuation help unit holders? Would have helped ARL get control of the assets. Probably helps Hutson cover herself in glory too. But it certainly doesn't give me cause for having faith in ARL looking after unit holder interests above their own interests.

The ARL-Hutson deal is too dodgy for my taste. ARL agreed to it. And if ARL have done it once then what's stopping them doing it again.

Fool me once, shame on you. Fool me twice, shame on me.


A concise and succinct description of the ramifications of the vote Duped, in clear unambiguous terms . THE consequences of voting for ARL need to be made crystal clear to the PIFAG membership before the vote. However I have a gut feeling this is not going to occur for reasons i am not prepared to specify publically in this post .This means of course that WC will almost certainly pull the wool over the majority of sheeple once again. Then as Seamisty has pointed out we will have four ravenous predatory packs picking over the remaining PIF scraps. .