Ann: Market Update, page-115

From the wording it looks like its arranging a binding agreement with NAB didnt go IAMs way in exclusivity.

You need to remember the same time NAB mou came through, NAB got a senate grilling, terminated 40% of there planners and is making several changes internally. I'd say they are in damage control still from a public and internal employee perspective and don't want to lock into anything. Id imagine if IAM signed sentry and another few large practices, id say NAB might revisit an opportunity with IAM. But timing isnt right for NAB atm.

Netral ann imo, decent time to buy if youd like to punt of sentry deal.


Edit: they are so far through with discussions and expansion eith sentry i dont think its them.