CTN Shareholders should remember that CGA and NAOS do NOT own or control CTN They are Service providers - the main one, but service providers alongside the Auditors, lawyers etc. Yet we have the first announcement being made CGA, followed by the unsigned anonymous Board of Directors of CTN.
Service providers operate under AFS licences ( Australian Financial Service ).
The obligations of licensees are laid down by ASIC see ASIC website
Quote "As an AFS licensee you have a general obligation to do all things necessary to ensure you provide your financial services efficiently, honestly, and fairly. You have specific ...."
CTN's fund manager has one only responsibility to its client ie to provide a good return against objectives!
Not to attempt to run their clients
DYOR
CGA Price at posting:
85.0¢ Sentiment: None Disclosure: Not Held
