Incidentally, this doesn't just remove a layer of expenses and reduced the operating expenses, this also materially impacts their capacity to manage mandates that they might get, and also their capacity to attract potential mandates.
This impacts materially their forward Revenue opportunities.
I would suggest it also puts under pressure their ability to manage the income generator fund, which now has a higher probability of either being attacked or bought out.
I did not know the results to this review, there was potential that they could have decided to reinvest in the company and_expand_their operations.
I am aghast and flabbergasted that a decision has been made and people have been advised of this_before_the markets were. This appears the embodiment of privileged information. That I am reading this on a public web forum is shocking.
CGA needs to be to go into a trading halt to explain. It also needs to ensure people have not been trading this with access to information the market did not have.
CGA Price at posting:
60.0¢ Sentiment: None Disclosure: Not Held