CTP central petroleum limited

palmer press release , page-30

  1. 446 Posts.
    Firstly, the resolutions would not be deemed invalid if structured correctly.

    The other meetings can go ahead and a board decided...it really doesn't matter because, if you have the 5% and proposed resolution/s whatever board is there needs to call another meeting anyway.

    Alternatively, you could seek an injunction to stop both meetings on a number of grounds, but specifically the Heugh/Palmer option is clearly not in the best interest of shareholders given the bias towards Palmer and the Cottee/Askin is again easily representative of self interest. It may win, it may not but there is enough grounds to try, and if all else fails, go back to what I said above and call another meeting afterwards.

    It's pretty straight forward CB.



 
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