Yoda says to ASX website, go look, under announcements for CGA, for year 2016, then scroll down to 31/8/2016 Replacement Prospectus. Hit download, best of all its free. Otherwise, Bloomberg if subscription you have.
Yoda has cut and paste from CTN thread - Yoda find funny quoting itself.
Although the replacement prospectus (pg 120) states very clearly that CGA (nee CAML) has been appointed as SOLE manager of the CTN portfolio, CGA actions appear to point to the contrary? CGA continues to act mysteriously by not enforcing by legal action that statement in the prospectus.
Yoda thinks "partial firing" is a really harsh term. If CGA has exclusivity in the contract, they can enforce it, so their share cannot be reduced to 40%, and shall always remain at 100%? It mystifies Yoda, that so far, CGA has not sought to enforce it by legal action. Is CTN in breach because it had not informed the ASX of legal action lodged against it? If not, Yoda suspects there is no exclusivity?
Yoda thinks CGA release the IMA to the ASX, in redacted form clearly showing the IMA agrees with the prospectus statement with regards to being the exclusive and SOLE manager? Then, explain why they have not taken legal action against CTN? CGA shareholders are entitled to know.
CGA Price at posting:
$1.20 Sentiment: None Disclosure: Held
