NSC 1.19% 42.5¢ naos small cap opportunities company limited

Interesting point Yeh. Management has the ability to blackmail...

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    Interesting point Yeh. Management has the ability to blackmail owners into cap raisings, lest they be diluted. These LICs which sprung up in the boom have certainly made clear all the textbook stuff about conflicts between owners and managers.
 
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