The announcement was completely necessary......the ASX had just issued the company an aware notice over the closure of the Indian office??? They had to simple. Do they need to explain why the Sydney office was closed? Possibly. Cost saving measure.....hope so. If the concentration is on the biggest fish, then having an office for 2-3 clients is probably over the top. CBA are imbedding themselves and so long as that continues IAM still has vast potential. Aimo DB
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