To ginger3: I am still on the trail of presenting “PIF Member...

To ginger3: I am still on the trail of presenting “PIF Member Voting Rights & Intentions” to powers to be.
You may have noticed some furious opposition to this movement to the extent of some of my posts being removed.
And you may have noticed no less furious silence in the direction of support of this initiative.
I am slogging ahead regardless.
Stick by ginger3; perseverance pays!

To h00ts: And there even was an earlier one as I recall on repetition, etc.
While a recent post on Prime Trust Action Group doesn’t tickle anyone’s fancy.
It should, as it is a parallel event to our Class Action and some sober lessons are there to be seen and learned.
So h00ts, just grin & bear with these trends.
To console myself, I turn to Albert Einstein for support. (‘I am learning)

To lawry1dog,
You are right; there is so much smoke & mirrors trickery foisted on hapless PIFtelle.
Situation in simplified square frame is this:
“Wellington Capital Limited as Responsible Entity of the Premium Income fund is pleased to announce it has reached an in-principle settlement of the claims by it against as Responsible Entity of the Premium Income Fund against KPMG, as auditor of the Fund.
The contemplated terms of the settlement deed are confidential to the parties and are to be the subject of a Settlement Deed, still to be negotiated.
Wellington Capital Limited as Responsible Entity of the Premium Income Fund will make a further announcement if and when a binding Settlement Deed is executed.“
NSX rls. 021728619 18 June 14
Lisa Allen of ‘The Australian’ appears to be the source to mention $20 million as offered by KPMG and other wild propositions were added to this uncorroborated figure. I was assured that PIF Action Group is fully engaged with our Solicitors on this project.

Wellington Capital has yet to assure members that these curtain-clad operations are “in the best interests of members”.
As indeed was so with numerous PIF asset write-downs

I continue with my efforts to slide the curtain aside so that members be given their Right to Vote on the preferred road to final solution.
My gut feeling is that it has to be a day in Court for a full Compensation Claim to be admitted and then fought against any appeals.
Let’s remember that a Statement of Claim is yet to emerge.

Thanks again lawry1dog for your help in the past. You did a great job.

Regards,