IOF investa office fund

unbelievable conduct by responsible entity, page-5

  1. 6,716 Posts.
    well I guess "normal fund management" activity includes massive undisclosed insider trading by "responsible entities", including contrived and deliberately misleading disclosure to ASX.

    I guess it is "normal" to sell new shares at 80c and then dump and dump and dump the shares down to 20c, and then buy them back.

    I guess it is "normal" for the responsible entity to be publishing ridiculous accounts , claiming that , at December 31, the NTA for the entity is $1.30 while the responsible entity is dumping its own holdings at 26 cents a share, and where the responsible entity's trading is a substantial part of the daily turnover.

    Thats now par for the course with the inept and hopelessly conflicted management at ASIC.

    I am sure that ING sent Tony a very nice Xmas hamper.
 
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