Thread by @IamMisterBond

#FTSaga:

Hope Investors have realised futility of legal course. They have wasted 8 months and back to square one.

Please VOTE "YES" for winding up for your own good.

Do not get misguided by wrong narratives.

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-Voting on Dec 26 to Dec 28
-Those who do not vote can vote during AGMs on 29th
-Reserve day on Dec 30
-Court Appointed Observer to oversee Voting
-Results will be sealed in an envelope and given to Hon SC
-Results will be announced in 3rd week of Jan

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Do not wait to vote during AGMs on 29th December as the technology and Platforms may not be able to accommodate all Investors.

These platforms will have limited capacity for number of Investors at one go

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-If majority says YES, accumulated funds (almost Rs.7200 crs) will be disbursed proportinately to Investors after following Court directives

-Balance funds will be disbursed as and when schemes receive them on sale of securities or on their maturities

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If majority Votes NO
-there will be huge redemption pressure
-Fastest Finger First - method for disbursing redemptions
-Institutional Investors will benefit
-Retail Investors will suffer
-Balance securities will be sold at huge discounts
-remaining Investors will suffer
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Retail Investors have been given narrative that they will lose right to prosecute if they Vote YES.

Wrong narrative being fed that there is misappropriation of funds by the AMC.

No such findings in any of the Court Rulings

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Vote wisely. This is your last chance to recover your funds in an orderly fashion.

Voting YES is in the best interests of the Investors.

End