how stupid are the bao management ??

FROM THE BAO INTERIM REPORT
"CFS Retail Property Trust was the only new investment
acquired during the period that was not previously in
BAO?s A-REIT portfolio.
The decision to commit further funds to the A-REIT
sector was made in order to take advantage of
discounts to NTA existing in that market with scope
for capital growth, stable yields and the existence
of liquidity in the investments chosen. Subsequent
movement in the market post 31 December 2010 has
supported this decision."

WHY WOULD YOU INVEST $3 MILLION IN THIS CFS TRUST WHEN
UNITS ARE AVAILABLE IN BAO AT 60% DISCOUNT TO NTA

THE BS CONTINUES
HOW CAN YOU TRUST THESE PEOPLE WITH
THE CHEEK TO TO TELL US IT WAS A GOOD IDEA