News: CTN Contango asset management announces sale of Contago Income Generator Limited, page-10

So we had CTN, then bought CCQ, then bought the other half of the fund manager, then we bought Bellwether funds management, then got CIE away, then bought half of Switzer funds management, then we sold the fund manager and I assume the 2 fund management businesses, which gave away CIE as well- (really that is just a completely separate company now that has nothing to do with CTN), then we raised money into CTN at a discount, while sitting on cash we took from the CGA sale (lets not even talk about that), and now we have let CIE give us $37m money back so that they can effectively manage another $37m...and we took that money at a discount to not only our holding value, but also our NTA.

I would like to know which of these decisions was in the interest of shareholders, and is there a common element as to who is benefitting the most in this.

The key stakeholders are: Shareholders, Board, Staff, Brokers, the other LIC, Bellweather, Switzer, CGA