Magnificent post Sounds like the conversation went like "Have I got a deal for you! There is a bit of egg on face for you to wear. But it is in everyone's interest - and for the LIC shareholders!" and it finished "How did I get involved in this last December....."
See also CGA posts of last few days
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I have couple of questions which you may be able to answer.
Judging from the discussion here I must have blinked and missed a couple of steps in the plot.
Are CTN share holders actually going to get to vote on this assignment to Naos of the right to manage CTN's funds?
If so, where is that announced, or is it only being assumed by posters here on HC that such share holder vote would be required under the IMA between CTN and CGA?
Is Naos actually managing CTN funds at this point?
Since I sold much of my holding in CTN, I have been following this saga more for entertainment value than anything else, and also in the forlorn hope that those who richly deserve it might eventually get their comeuppance.
cheers - There are more pages in this discussion • 3 more messages in this thread...
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