Ann: Assignment of Contango MicroCap Limited mandate, page-6

Hence their statement "As a result of this material transaction, the Company is also revising its cost structure to ensure an efficient operating platform."

For CGA shareholders - lets extend the monetization to get an indication of valuation for CGA.

CTN deal worth $6.7m to $12.5m to CGA.

CTN approx $200m. Rest of FUMA for CGA $400m.

But some of this $400m FUMA is co- branded retail, lower fee large cap and insto $. Be generous and assume they can be monetize at half the rate as the flagship CTN.

Then, rest of FUMA worth between $6.7m to $12.5m. As (400/200) divide by 2 equals one times.

Makes CGA worth $13.4 mill to $25 mill.

Or 28c per share to 53c a share?

Announcement did not specify conditions for max payment.

Mid point 40c. Rest of share price can be considered hot air?

Lets vote.