This should not trade until the EY audit is completed. This is a good move getting this done. Another audit and statement from PWC would not go astray here either.
It would be a disaster for holders to trade, as this response is not good enough and I was not expecting it to be frankly, given the time span. The 'formatting error' is not a good look. They need everything to be squeaky clean now. No room for errors at all.
I am not a holder but it was on my research list. It is now an education lesson on what to look for in these complex managed structured funds. Plenty of them out there.
I have no view either way yet. Not enough info. It is a he said/she said. Very messy.
Good luck everyone. Hope this is all good.
Ann: Response to Bonitas Research report, page-18
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