#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!!!
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.
#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.
#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