Excellent work, oh almighty Board of CTN.
Turfing out the investment manager (OC) with strong balance sheet, in favor of fundie (CGA) whose balance sheet is being queried by ASX!
Turfing out the investment manager (OC) whose performance beats the other incumbent fundie (CGA)!
Hey Board, please answer oceaneagle's question. How much did it cost to terminate OC?
CGA may be in process of renegotiating and extending its financing facility. But CGA is in no position to extract a good deal. Not unless it cuts costs by 23% to get to cash flow neutrality.
Come on down Geoff, lets make a deal
Our Manager Queried by the ASX, page-2
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