CTP central petroleum limited

1.85%

5.5¢

Takeover Tatics, page-54

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ravishankaray

11,084 Posts.

30/08/17

11:25

Post #: 26860821
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Originally posted by buddy134 ↑

""(Is CTP now a TO target for any other company apart from the obvious predator? )""

Not in your wildest dream my friend. And that is based on my idea that MB will now have a blocking stake against any other trying to move in.

As for the remaining 10% in case that famous 90% has been reached and the company doing the takeover will enforce compulsory acquisition, the price paid for the remaining shares is based solely on the amount offered for the other shares during a takeover.

So lets say that MB will do a takeover offer at 12 cents and they are able to gain a 90% holdings, well the remaining shareholders will be offered the same amount of 12 cents and they will have to take it, or loose it. With loosing it, it doesn't mean that they are going to keep that amount of money, but that it will be paid somewhere else until you will claim it, and from there it may be gone to some benevolent society and to ASIC. (ASIC could very well be the benevolent society as they are always begging for more money).

Your shares will then be cancelled and all gone Kaput!!!!

I hope this will help.

Expand

So, this plan/outcome originated from our company not supporting share holders.

If our company had not agreed to paying for an SoA and had not been beholden to its JV partner, we wouldn't be in this situation.

It should have been still on track for "boring annuities", instead of the privatisation plan.

ASIC phoned yesterday, so at least they are watching.

CTP Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.4¢	$91.62K	1.696M

Buyers (Bids)

No.	Vol.	Price($)
1	449381	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	6030	1

View Market Depth

No.	Vol.	Price($)
1	449381	0.054
1	100000	0.053
3	719000	0.052
1	800000	0.051
2	39000	0.050

Price($)	Vol.	No.
0.058	6030	1
0.059	379120	4
0.060	160000	3
0.061	100000	1
0.067	149268	1

Last trade - 15.59pm 27/06/2025 (20 minute delay)

CTP (ASX) Chart

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