OK, so the ARIE assets were transferred to the ARIE Manager...

  1. P14
    325 Posts.
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    OK, so the ARIE assets were transferred to the ARIE Manager company first and then the ARIE Trust was deregistered.
    Nothing to retract mate. If ARIE was so successful, why did it deregister? Particularly in one of the biggest boom periods in international equities ever? Money has been flooding into successful equity managers. Tech stocks in particular have gone through the roof so as a NET holder, ARIE should have been doing really well.
    As for buying, 17 million NET shares out of the +/- 1.8 billion issued is a pretty small endorsement of NET. What interests me more is who is selling those 17m shares. More likely someone who wants out at any price and ARIE Manager, a related party, is one of the few buyers out there. Share price didn't exactly power up on news of that purchase, did it? Still wallowing at 4.3c when I last looked.
 
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