Ann: Defamation Legal Proceedings by John Heugh , page-33

"no point trying to sink the boots into a company because it's following the majority down."

More to it than just following the market down.
We have oil, but haven't drilled in 2 years+.
We did not have exercise of $48m of options.
We had consolidation 5:1 so that we were not a penny dreadful and would not be manipulated/shorted on the asx. --- now SP 6.7c old money,
We have unnecessarily high management number and overheads.
We have poor communication and possibly misleading info, ... reference requiring pump for Surprise.
.And we have questionable JV's in their favour, from various accounts, compared to what we would have had if John Heugh was still in charge.
etc
etc
etc.
IMO, there has been no concern by this company for the SP, (even though the website says otherwise), and you would think if CTP had the goods, a takeover at these low prices would be a no brainer.