CTP 5.45% 5.2¢ central petroleum limited

market reaction to total, page-68

  1. 24,386 Posts.
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    "We are here because of Surprise and after 2 multi million dollar deals, we have no dollar in our account to drill and we have to rely on the sp increasing so that the oppies are converted to get the cash we need for our JV's."

    Anon,

    For the ones that were at the end of June meetings when RC was elected, I am sure that they would recollect what RC stated about the oppies to the Patterson sophisticates. And that was that he made it very clear that he was going to immeditaley approach those people and ask them to dig deep in their pockets and convert those 65million oppies, so that we could replenish our Bank Account.

    Well what happened there?? Where is the money?? Most importantly though, they found the money to pay themselves some very hefty cash bonuses. And now, they also found the needs and urgency of requesting million of oppies on the side as well.

    Like someone mentioned not so long ago, it is very obvious that the cookie jar's lid has been opened wide as soon as the Board's changes took place.

    And yes, it is very obvious, by the look of our sp and it's sharp retreat, that the market didn't take too much notice of this very poorly written and confusing Announcement.

    Anyway, tomorrow is another day, and it may be best putting them in the bottom drawer for a while and check every now and then, to see if they have started sprouting,(Making green folding things "money").
 
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