failed strategy

Recently management disembarked from the previous flawed strategy of remaining hedged at all times to the current flawed strategy of market timing.

ASX data shows that over the 141 years since 1875 the Australian Sharemarket fell 19.9% of the time and rose 80.1% of the time.

Why would you remain invested with a Board that implemented the original strategy? Why would you remain with a board that appears to believe in mark timing?

By the way, could someone inform the Board that WAM has forwarded takeover documents and the offer is now open.