CTP 0.00% 5.2¢ central petroleum limited

shareholder power at its best !! , page-37

  1. 8,114 Posts.
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    You can either accept that Askin, Dunmore, Whittle already have control (because of the Chairman’s casting vote) and keep vote to keep that situation

    Or you can remove at least Askin, Dunmore and allow Cottee to bring on more energetic and appropriate directors.

    Given the gigantic upheaval that has occurred over the past 6 months, it would be foolish not to finish the job and see an appropriate board in place this year.

    The World economy is not good, and BHP is down 25% for the year, BUT CTP is up approx 100% since we started this board spill.

    Imagine what will occur if we can get the RIGHT board in place this year.

    It will mean that 2012 was a housecleaning exercise, done at a time when it did not affect the growth of the company, (as none was happening)

    Better to do it all this year, and start of 2013 with a new and invigorated board in place with a clear strategy in place and all the problems a thing of the past.

    The shareholders have suffered for long enough, with a new board that Cottee knows are of the same mind as he, then I am very confident that 2013 will see very big things happen for CTP.

    I have concerns if we still have a Askin led board.

    If you wait until Askin, Dunmore resign, then you may be waiting a VERY long time.

    I suggest you look at the overwhelming votes cast against the retention of Askin, Dunmore and Whittle at the last Egm on the 22 June 2012.

    That will give you a very clear indication of the sentiment of the shareholders.

    Using a car analogy, why would you replace 3 shock absorbers and leave 3 worn out shockies in place.

    CB
 
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