Thanks for posting Duped, however in the trade off for 2 ARL for...

Thanks for posting Duped, however in the trade off for 2 ARL for 5 units in the Fund sees a 60% decrease in our fund.
So by the time this all happens we will have amassed the grand total of 40% X SFA which equals SFA.

If all Resolutions are passed, the following will occur:
??? all of the remaining assets of the Premium Income Fund (except existing Shares held in Asset Resolution Limited) will be transferred to Asset Resolution Limited in return for 188,721,784 Shares in Asset Resolution Limited;
??? the Premium Income Fund will cease trading on 14 June 2013 and be voluntarily delisted from the NSX on 28 June 2013;
??? the Units in the Premium Income Fund will be bought back by the Fund and cancelled in exchange for 2 Shares in Asset Resolution Limited for each 5 Units in the Fund. This is scheduled to occur on 28 June 2013, following which the Fund will have no assets. The Fund will no longer be a managed investment scheme and application will be made for its deregistration;
??? all Unitholders in the Fund will cease to be Unitholders, but will be shareholders in Asset Resolution Limited;
??? all future cash payments arising out of or relating to the former assets of the Fund will be made by Asset Resolution Limited; and
??? all Unitholders in the Fund who were Unitholders as at 15 October 2008 will have a contractual right to the proceeds of the legal proceedings referred to as the PIF Claims. All Unitholders who became Unitholders after 15 October 2008 will have no right to the proceeds of the legal proceedings referred to as the PIF Claims.

Then this:-
Previous experience with similar assets and relatively superior outcomes: The Board of ARL have significant background in the key issues of workout situations. In addition, ARL’s service providers FTI and KMQ have significant experience in managing and realising, in a value-maximising manner, assets similar to those underlying the commercial loans acquired

So what of the following report in September 2012:-
FTI, one of the major financial PR firms in Australia, today announced it had a signed a deal to acquire KordaMentha Qld for an undisclosed sum, adding about 70 professionals
John Park of KordaMentha said that joining FTI meant the company could offer its clients a more diverse set of services through “all points of the economic cycle”.

Looks like a double dip to me. Which leads to the question, is the Dgeneral and the Houston bloke in KMQ siblings, fly button 'lations, or does the poor bloke unfortunately share the same handle?

Just as a point of interest, I was searching for a sequel to " Snouts in the Trough" and the nearest I could find was:-

King Pig
Because he was the king, he could make the sheep do whatever he wanted, whenever he pleased. But he just couldn't make them like him. A royal romp about a little pig with a lot to learn, from best-selling picture book creator Nick Bland.