And cut out the middleman?
By paying out significant sums of $ for the first five years to CGA, NAOS has demonstrated that they are willing and able to manage CTN for a significantly reduced fee for the first 5 years. Call it 0.2% p.a.
Now, it is CTN Board that decides who manages the CTN portfolio. Not CGA. With abysmal performance by CGA on behalf of the CTN portfolio........
Why don't CTN Board just eject CGA, and appoint NAOS at 0.2% pa for first five years.
CTN shareholders finally get looked after by CTN Board. CGA pays price for bad performance.
Cut out the middleman, dudes.
Unless CTN Board is looking after CGA shareholders, not CTN shareholders?
Why not deal directly?
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