As an observation, the defendents of CIY have been strangely quiet for a while now.
I agree rodmor if FMT continues to meet their payments to investors, and more importantly everyone who wants their money back gets it (albeit later than they want), it will go some way to restoring at least some faith in FMT. It might allow it to survive. Very hard to know. But yes, white knight / restructure with a firm of stronger standing coming in would be a coup.
Re disclosing redemption requests, I guess it is a tough call in regards to disclosure requirements. However it could easily be argued that the level of funds in FMT is material to CIY, so CIY has an obligation to disclose. Years ago when the fund was in growth stage they were more than happy to talk up what was happening. I guess noone likes publicising potentially negative info, however IMO continuous disclose would warrant it.
MJS
CIY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
