Cheyne
Top Contributor
If I were you, I would have a good read of their DOCA response that was slipped out prior to the registry announcement yesterday, noting point 3.4 in particular.No, I just can't imagine them raising fees. They should be reducing their fees, because they've been stacking cash in bank for years with no purpose (now $16million according to their latest annual report).
Under the heading Inability to Borrow Funds, according to them, they only hold enough cash for 1.5 years of operating costs and they believe this is insufficient.
So a curious mind has to ask the obvious question... where is the money going to come from? Is this their way of putting their hand out to the Government? Or is it the justification for increasing their fee? Time will tell I guess.
But I strongly recommend everybody have a good read of that document because there are some absolute gems in there!