There is no exclusivity, and we both know that, as do CGA
Here's what probably happened on December 7, the day of infamy
CTN board pulls its stunt. CGA staff hear about it and run around in a fit, battle stations the Zero's are circling Tora Tora Tora
They are enraged, and send their best lawyers into the sky to defend
Said lawyers read the IMA and say sorry, this isn't defendable and your aircraft carriers are vulnerable, (ie it says you will be appointed as Sole manager. No provisions saying you will always be. I mean after all boys, who manages your cash positions......you, or the manager you give that to? Ka-ching)
Which is why they reverted to plan B, remove the board. Well, some of the board
--------------
Company must have a loan facility going, not sure how they are still paying the bills. We can expect a raising right after this EGM concludes
Expand