Wake up. NO = contract torn up, not manager. CTN can then negotiate with naos. Save them $12.5m and sign same deal with them and NO performance fee.
Clearly, it is in naos best interest for this to fail and now they are ctn directors they can just assign it to themselves through tender. Save them paying CGA $12m.
Why wouldn't they want to save $12.5m?
Wake up. NO = contract torn up, not manager. CTN can then...
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