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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (3536)	6/23/2002 10:04:35 PM
From: Scott Mc	Respond to of 11633

For what its worth, certainly the lowest stock price of something converting to a trust, Scott Wellco Energy board approves switch to income fund Wellco Energy Services Inc WLL Shares issued 30,062,499 May 27 2002 close $ 0.50 Tuesday May 28 2002 News Release Mr. Gregory Longphee reports WELLCO PROPOSES REORGANIZATION INTO AN INCOME TRUST Wellco Energy Services board of directors has unanimously approved the intended conversion of the corporation's structure to an income fund to be effected by way of a plan of arrangement, the purchase of additional assets and the closing of a private placement of special warrants to purchase trust units of the fund (collectively the "transactions"). The arrangement is subject to a number of approvals, including regulatory and court approvals and shareholder approval to be sought at a meeting of the shareholders to be held on or about July 25, 2002

To: Scott Mc who wrote (3536)	6/23/2002 10:26:40 PM
From: Peter W. Panchyshyn	Respond to of 11633

OF COURSE ITS THE TOTAL ASSETS - IF THE TOTAL ASSETS ARE 1Million or 1Billion it is deducted from the total, that means each and EVERY dollar has the MER removed. -------- I decided to take a quick look at SDT.UN annual report. It clearly says that management fees are deducted from the total assets. As I said in my one previous post total assets include not only what unitholders have brought in and what they receive from distributions. But it also includes any gains from the sale of assets, and any unrealized gains (increases in trust unit values). So to come out here and say that fees come directly out of unitholders pockets is far from the whole truth. And no where can that $25 you speak of, be DIRECTLY linked to unitholder A. Like your claim states. ---------- Peter, are you just playing games?? haven't you ever read a funds prospectus? Are you not interested how and what management gets paid???? -------- I do not focus on one aspect and disregard all the rest. Bottom line is that I am concerned with how much I get because of management. In my earlier example to you I did a costs benefit analysis. Costs (according to your view) would have been $1700 , the benefits would have been over $3500. Those are benefits that go directly into my pocket. Because of your narrow focus you don't want to even consider what you are getting. All your telling everyone here is DON'T, DO IT YOURSELF. You do not even have the sense to see if one doing it himself will absolutely and necessarily get better results by doing so. Well truth of the matter is that joe average trust holder doesn't have the time or the ability or the knowledge to do much better. PERIOD. Again something you won't even consider because of your narrow focus. ---------- Dont you realize if you have 1$ in a fund you get charged a MER?? (please don't come back with show me a case where a fund will let you buy $1 worth, of course you can't) -------- And don't you realize what I get from that. A chance to buy a right at $0.05 and sell it for more than $0.20. Time and time again. Year after year. And no fee touches that since that is my buying on the open market. All that goes directly into my pocket. Is that worth your "costs" ????? MOST DEFINITELY. ----------------