Plenty of that sounds good in theory and I would like you to be correct.
It does raise the question though shouldn’t Regal be selling this a bit to the market like you have just then? Should it be labelled Regal, if not why not?
The company line still is this is the VGI team (totally changed from IPO and individuals not really proven track records), so it’s VGI’s investment calls, with Phil King “overseeing” things, and that they have some extra resources to lean on from Regal staff. Still plenty of rope I assume for VGI to stuff things up ?
So technically this LIC is still one of the highest fee charging products in the market for an inexperienced unproven team?
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