NAOS SMALL CAP OPPORTUNITIES COMPANY LIMITED (ASX:NSC) - CTN - EGM resolutions all accepted, 23749866, page-12 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by AllFuelledUp ↑

They're all joined at the hip. They have no interest in biting one another. The broker makes money from placement fees and from trades the fund manager puts through them, the fund manager gets all their dividends underwritten and does a SPP and Raising and Options convert every year. They will make sure CGA gets bigger and bigger by making the LICs bigger each year and backing other LICs they will do. Its very comfortable.

In normal circumstances I would say CGA is a good bet now because it will get bigger, but then I remember its already bleeding money on $600 or $700m so another $100m won't make any difference to profitability, or, rather, stemming the bleed there. I don't rate that company because no one there has ran a company or an LIC from what I can see, they've mostly been PAYG type employees most of their life

To your question about the brokers and their % stake- IMO brokers would have no interest seizing this board because they might be doing this with 10 LICs and who has the time? All they needed to do was get rid of those recalcitrant directors who threatened the revenue streams of their cash cow LIC (which they probably put a lot of money into the do the listing too I might add)

I am surprised so many shareholders voted for this. I don't think they understood what happened here. But it is what it is. Under different people and different questions I probably would have voted them out myself, I certainly thought when they sold CGA for $13m and it came on at $60m the next day it was enough to anger my and want their removal. But not these directors, and most definitely not to the (bottom quartile) fund manager. Reflecting on that, for the life of me I can't see how the shareholders voted for this, it must have been their brokers controlling the vote is all i can think

Reading the directors have zero shares does not surprise me one bit

As for Mark Kerr he is kinda, kinda independent, which means he'll be gone next lest he have a come to god moment in a board meeting when they are voting some performance incentive back in for the manager or something like that

I spoke to my broker about this he said a good microcap manager needs to have lots of brokers it feeds trades through to ensure they get access to deals and research. I would expect most of the trades will be fed through the broker who made over $1m listing CGA

As for "Will he be instructed to take part in ipos and placements he might otherwise have turned down" well I hope so! Because they are a stinker of a manager, maybe this way they will make some money.

I now click from Held to Not Held, and with that, wish remaining holders the best of luck, removing this one from my watch list also

Expand

Well done . Your last para says it all.
It's was never black versus white. Yoda recalls when CTN bought the other half of CAML directors of CTN put forth resolution for $250k pay? Devil you know , devil you don't know.

In hindsight, CTN board should have taken half scrip in CGA instead of cash.

Yoda signing out. Have enough of this horse dung. Clicking held to not held

No.	Vol.	Price($)
6	88406	42.5¢

No.

Vol.

Price($)

88406

42.5¢

Price($)	Vol.	No.
43.5¢	99322	1

Price($)

Vol.

No.

43.5¢

99322

No.	Vol.	Price($)
2	11671	0.490
2	23091	0.485
1	9000	0.480
3	12614	0.475
3	93130	0.470

No.

Vol.

Price($)

11671

0.490

23091

0.485

9000

0.480

12614

0.475

93130

0.470

Price($)	Vol.	No.
0.495	8650	1
0.500	50101	2
0.515	12118	1
0.535	27954	2
0.545	23700	1

Price($)

Vol.

No.

0.495

8650

0.500

50101

0.515

12118

0.535

27954

0.545

23700

(20min delay)
Last 43.0¢		Change -0.005(1.15%)		Mkt cap ! $62.71M

Open	High	Low	Value	Volume
43.5¢	43.5¢	42.5¢	$81.38K	189.1K

Well done . Your last para says it all. It's was never black...

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Buyers (Bids)

Sellers (Offers)

Well done . Your last para says it all. It's was never black...

Top Stories

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Buyers (Bids)

Sellers (Offers)