I note that you have still not addressed my main points about the board spending the equivalent of 18% of its nav in the past half year on administrative expenses whereas equivalent managers of passive investment typically charge 2 to 3 percent. Quite honestly I regret my questions about your independence BT - not because I don’t stand by them but because they divert the discussion from that main issue.
I note that you have still not addressed my main points about...
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