Phssyk1 Ⓥ Profile picture
17 Dec, 18 tweets, 10 min read
#FranklinTempleton UST investors - UST has been making a steady recovery. No defaults so far everything going steadily. Why jinx it by voting NO and taking a fire sale risk?
#FranklinTempleton UST investors
Look at their projections on April 30 and actual values on December 15th for UST
#FranklinTempleton UST investors
The NAV has also become steady like earlier. Payments are flowing in regularly. Some prepayments were made
#FranklinTempleton UST investors
Why do you want to JINX it all by voting NO and letting the funds open?
#FranklinTempleton UST investors
Winding up is going to be the same as the current period. Money will continue to flow in.

But hey we will also get that money in our bank accounts!!!
#FranklinTempleton UST investors - Voting NO is just disastrous.

Someone will surely submit an appeal in the SC to stop the funds from re-opening. And then it will be the same "stuck in wait" state.
#FranklinTempleton UST investors
We should realize that CFMA and Lawyers have different interests than us investors.

Lawyers want prolonged litigations , which will happen if funds are re-opened. Voting YES will end the matter and will be a loss for the lawyers
#FranklinTempleton UST investors
Voting YES will end the matter peacefully and will put an end to all this.

48% guaranteed now and 52% will trickle in later
#FranklinTempleton UST investors
Voting NO is so contradictory.

We don't trust FT but we still want them to have control of the money by re-opening funds.

What if they re-invest the 48% cash in other bonds when funds reopen? Do you investors want that?
#FranklinTempleton UST investors
When we vote YES - we close the fund and take the power away from FT.

We can appoint another trusted entity to oversee the liquidation
#FranklinTempleton UST investors -
Some claim that FT has stolen the money. That is not the truth. FT cannot do that. The laws will not allow that.
They will be under a scanner even if we vote YES
#FranklinTempleton UST investors
Re-opening of funds is the absolute worst that can happen to us all. We will loose our money for no good reason.
#FranklinTempleton UST investors
If you don't like the voting- go to SC and get a stay on the voting.

Voting NO is giving consent for opening up. Which is the worst!!!
#FranklinTempleton UST investors
By voting NO we allow FT to behave according to demands and sell bonds at a steep discount.

FT can wash their hands and say MF is subject to market risk!!!
#FranklinTempleton UST investors
By voting YES we are telling FT that we want the bonds to be sold at a fair price and not in a hurry.

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More from @phssyk1

16 Dec
#FranklinTempleton voting myths busted
#FranklinTempleton voting myths busted
#FranklinTempleton voting myths busted!!!
Read 11 tweets
16 Dec
#FranklinTempleton investors - here is why you should vote YES for winding up. These investors also feel so
Read 26 tweets
12 Dec
#FranklinTempleton - Investors seem to be divided into 2 camps
1) Vote YES to avoid a fire sale
2) Vote NO because @FTIIndia is a fraudster and has mismanaged funds
The people who are supporting the windup are worried because if funds open then predicting who will get what is impossible.
#FranklinTempleton - and that is True. When funds open we don't know how many investors have online access to redeem, how many will start redeeming, what algorithm does FT have to prioritize redemptions, what system errors will happen due to high traffic.
Read 22 tweets
12 Dec
#FranklinTempleton investors - our primary objective should be to safeguard our investment and not punish FT. Litigations will and should continue. But trying to teach FT a lesson by voting NO is shooting ourselves in the foot!!! Fire sale will destroy our investment
#FranklinTempleton investors - FT is anyways under a scanner. They cannot escape if they are doing anything wrong. But if Funds re-open , no one can save us and we will be doomed by our own choices
#FranklinTempleton investors - I know that everyone that FT has cheated us by illegally winding funds, however the point is that if we reopen now - everyone will redeem and it will be a panic situation where everyone will loose. A better option is to let the funds wind up orderly
Read 14 tweets

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