Ann: Investment Report & NTA Update - October 2017, page-13

Ramamba. AFU

The IMA has not changed since 30 June 16 - no ifs, no buts! The Board would have to at least advised any significant changes via ASX announcements ie portfolio should be invested in Micros, aiming for regular franked dividends, and a non-concentrated spread portfolio

Even our "non caring" Board saw the need for CTN shareholders to approve a new IMA , new name. Until passed at the AGM, nothing should have changed? The new Funds Manager ought to be operating under the present IMA - not doing what they may want to do!

If NAOS are actually operating without proper authority, will they be liable for all the costs of their actions? Both up to now, and for the future, to reinstate where the portfolio should have been placed at this moment?

Need for a regulatory review to protect 6000 shareholders

Maybe I misunderstand the legal position? But CTN is looking like a car out of control on a bending mountainous road

DYOR