It is a dumb proposal. CMI should stick to the business they...

It is a dumb proposal. CMI should stick to the business they know. There are enough so called' investment companies' on the ASX another is not required.

This sounds like a proposal from and investment advisor that will reap the advisor a large ongoing rivers of money.

I wounder if the proposal will 'get up' as the major shareholder may not be allowed to vote on the proposal. The recent matter of AMP China and it's wind up where AMP as the largest shareholder was prevented from voting against the proposal for the wind up and distribution of funds succeeding. In this case AMP was prevented by the courts from voting on the proposal.

Could this happen with CMI?