WAM 0.00% $1.48 wam capital limited

In oct 2017 the nta was $1.97 with 1.2 billion of assets. Now...

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    In oct 2017 the nta was $1.97 with 1.2 billion of assets. Now the nta is $1.60 with 1.8 billion of assets. Why are they not growing the nta? They seem to be diluting the shares . Why? How is that good for the shareholders? The small order might have been flat but it’s not down over that time. ..the nta doesn’t outperform the index like they say it does it’s far worse.
 
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