Was this the plan all along? If Georgie boy turns up at a...

Was this the plan all along?

If Georgie boy turns up at a certain Sydney Fund Manager I would understand anyone who suggested this was a plan from day one

So today's announcement makes it pretty clear its basically lights out at CGA in its present incantation. No mandates other than their LICs, too many staff. Bleeding cash on marketing and salaries and silly spend. Looks like its a relocation of the manager to Sydney, fire the local boys, sorry, offer the to come to Sydney then redundancies offered.

Now, if a certain fund manager offers to buy out the rights to the CIE, CQG and Switzer management agreement, that would be both consistent and then leave the CGA as a sad shell with enough cash to pay out the shareholders who will probably offered past scrip from the new manager.

The new manager can then RTO themselves into the remaining CGA shell if they want and raise more money again. CGA on steroids even. Watch them go up from 60c to $1.80 I'd even be in that

Basically, the shareholders of CTN, and now watch CIE and CQG boards do the same, have bailed out CGA shareholders who might soon realise that they have invested in a dud and a guy who was nothing more than hot air and selling the future.

In the meantime, there are now a few boards with directors and CIOs who don't have 15 minutes of funds management experience amongst them

Anyway, thank you gullible investor public for saving CGA investors bacon

DYOR, not advice or suggesting anything improper has occurred or is intended