Hi Trommel, Have you paid any attention on the Net assets...

Hi Trommel,

Have you paid any attention on the Net assets backing of both companies vs the shareholder equity used from the 2018 annual returns ?


MNS
Net Assets backing $15,833,544
Shareholder equity used to gain these assets is $110,637,523

KNL
Net Assets backing $19,672,000
Shareholder equity use to gain these assets is $43,786,000

I am surprised that KNL has a higher net assets backing to MNS, their management appear have been very prudent with shareholders money using nearly 1/3 the capital vs MNS,

do you know where the other $92mil of MNS's shareholders equity went too ? Managements Remuneration doesn't seem to be the issue.