Ann: Update, page-6

One would be forgiven for thinking this was the plan all along, and the CIE and CQG management rights will be next to go over to NAOS, then the CGA shell will be the vehicle for NAOS to take over.

I can imagine a conversation could be like: Oh gee, we have no CIO and our staff won't relocate to Sydney, who can manage the funds for us now? [Enter offer] oh thank you NAOS for saving us.. capital return to our shareholders....you what? you want our shell too, list yourselves as a fund manager...offer CGA shareholders scrip in New NAOS....sure, have for nothing.....you what,  just need to wait for a certain stockbroker to get James Packer and Rob Rankin to back this boutique once it has added $680m FUM to its book....deja vu you say"


NB I am NOT suggesting anything improper has happened or is planned. DYOR