NSC 1.15% 43.0¢ naos small cap opportunities company limited

Just reread the pitiful unsigned announcement re the CTN Board's...

  1. 175 Posts.
    Just reread the pitiful unsigned announcement re the CTN Board's allowing CGA and NAOS to use CTN as an ATM for their shareholders - not CTN's
    Not only are they NOT getting their shareholders to approve a new Manager, a new investment objective, and a new company name ie get a totally new company and investment!
    BUT they are also ONLY showing "a detailed summary of the material terms of the new Investment Management Agreement will be provided to shareholders" - NOT the full IMA.
    The Directors who have allowed this outrage to come forward, will decide how little or how much you can see. It is only the full IMA that will allow all shareholders to properly work out how well they are protected, particularly re future removal. - not the protection of CGA and NAOS.

    What would be interesting is what the full IMA, the full agreements between CGA and NAOS, and any side letters say about the next steps if CTN shareholders reject the new IMA.
    The CTN shareholders deserve no less!
    DYOR
 
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