Ok say Yoda accepts AllFuelledUp contention that there are no conflicts.
Then two choices Yoda sees.
1- two proposed directors who want to keep all of CTN money with Bill Laister/CGA. Yoda notes these two are outsiders to CGA business, yet seem to know Bill Laister so well they are willing to bet your hard earned $ with the one horse.
Or
2- three incumbent directors who until last year were insiders, know the cga business well, know Bill Laister well. They have never said Bill Laister is a bad fund manager. They have said Bill Laister performs better managing $80m rather than $160m. Size is a handicap to performance, thats their motto. Sensible diversification, thats another motto.
Yoda says vote against all five resolutions. Previous insiders know better. Correct size is important. Too big and you become elephant in room.
Vote. Vote against all 5 resolutions.
Then there is the important matter of optics. So far, no announcement by CGA? If your major client has stated that they will take away substantial part of your fum, you best inform your shareholders and the ASX. Explain how it impacts - more or less than 15%. Continous Disclosure. Breach of ASX rules? Good optics versus Bad optics? CGA, Don't treat your shareholders like mushrooms? Yoda does not recall any announcement or letter from CGA. If Yoda missed one, do tell.
So will CTN shareholders receive good or bad optics from CGA managing CTN money?
Nothing like competition and some tension to keep CGA on its toes, and not take CTN for granted?
Vote. Vote against all 5 resolutions.
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