Ann: Assignment of Contango MicroCap Limited mandate, page-13

Welcome. I had such positive experiences with them over many years. Their economist was based in Sydney and I dealt with her on other matters. It was a real heart and soul place. She cared, they cared, they communicated. Then one day it stopped. Do you remember that 24 page!!! newsletter we would receive? They cared. Performance was okay but I knew what I was in and the share price discount was narrowing. And then one day it all stopped. Then Carol was not there. I sold out at that point. I felt like a mushroom. The IR guy had left. The newsletter became 2 pages. Then the spin out and all the shenanigans. It lost its soul and I found new romances. It's just sad because it was the biggest and best, and gave me great ideas for my own trading. It's just went corporate I guess. And we have seen that didn't work, it failed. I was also angry of course that the manager was valued at $13m and relisted at $70m...but time has shown that was smoke and mirrors. I feel sorry for staff who invested into CGA, years of sweat building that manager up, and their own investment, worth not much anymore. I hope they aren't geared or borrowed to have bought CGA stock.

Anyway, a sad day. And sad that it was a filthy, sorry, sordid affair too, board spills, wood duck chairman etc.

Really, between them both there was not 15 minutes experience running a fund manager. And this was the outcome. It should be of no surprise it failed.

So, researchers put a sell on it, and then ctn shareholders block the sale. And NAOS realise they are paying twice over what they need to.

Won't that be a fine spanner in the spokes