It's a trust set up to benefit the management company and Evans Dixon subsidiaries. The shareholders are cannon fodder
I'm not sure where ASIC are on this. They really should step in here.
All the issues have been talked about in the below link and other areas.
https://hotcopper.com.au/threads/ann-weekly-nav-estimate.4655075/#post-37801949
Ann: Full Year Statutory Accounts, page-3
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