CTP 2.00% 5.1¢ central petroleum limited

Optionco et al, page-30

  1. 25 Posts.
    I am still undecided, but the recent share price fall has got me nervous. Seems like it will fall a long way if the scheme fails.

    The reason I am undecided is because I thought there might be a better plan so started digging around some of the information available but a few things have made me more jittery:

    1.)Optionco don’t seem to have a plan, if they want us to support them why won’t they tell us what they are planning? I’m a bit worried by the ‘trust us’ approach

    2.)Who are trident capital and what is there interest in all this? DO they have a deal or understanding with optionco? When I looked around it seems trident raise really small amounts of dilutive equity for little companies, do we want more of this future for CTP?

    3.)There has been some pretty weird stuff coming out of William Buck/CTPSA. William Buck were paid by CTP to run the CTPSA then they seemed to stop getting paid. Does that mean we can trust William Buck? Maybe they are just trying to keep CTP going so they can keep getting the fees that ordinary shareholders don’t? Then they say we advise you to vote no but this is not financial advice. But Robin Judd is a licenced financial advisor, is he just saying that to cover William Buck because he thinks the share price will fall if the scheme doesn’t get up?

    4.)I can’t find much about the people behind optionco except what has been written in the press. Some of it points to inaccurate portrayals about what they have done in the past, why not just tell us exactly why their backgrounds will be useful taking the company forward?

    5.)Why did they have to take back there notice to remove the directors and then why did they have to lodge a “notice of substantive shareholders”? Seems like they didn’t do something by the book and then maybe a regulator went after them? Do we really want people running the company who don’t know exactly what to do at these crucial times?

    Seems to me like the least risky thing to do would be sell then buy back when(if:-?) the scheme doesn’t get up?

    Yes I don't really post and I get that it is normal to dismiss new people with suspicion, all I really want is some help with my questions so I can decide if this is to risky for me.
 
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