CTP 0.00% 5.2¢ central petroleum limited

more bonds converted share price dumped, page-16

  1. 939 Posts.
    Fellow Holders
    All this talk of Bond Holders converting to shares to make a few percentage points short term does not make one bit of sense to me because_
    1. Lets say I was the Bond provider I would first have very long and meaningful discussions with The Board of CTP and would have to be really convinced that there was extraordinary potential long term to make an awlful lot more than a few percentage points above 8c. short term!
    2. I would not want to risk a large amount of money on what lets face it is a company with potential but no strong runs on the board unless I was convinced there was a lot to be made 'LONG TERM".
    3. I would not want to risk driving the SP down by my quick sell down
    My view is that less than 2% held by Bond provider will not dilute shares perceptivly and that any short term pull back such as today is due to other market forces i.e. Dow fall off. To those who dont agree whay did SP go up last week?
    There is no doubt that the lack of news is frustrating all of us but dont forget the Directors all have bigger holdings than most of us and have more to lose with falling share prices! They are privy to information not available to us and their silience to me when under intense negotiations is perfectually understandible.
    The mere fact that several posters have reported personal discissions with CEO and CFO which I feel were very frank and revealing whilst protecting "insider trading info" means to me all is on track and though frustrating it is a better result than "no comment!" Now that would really get me worried!!
    I fell as others we need more patience. I would be surprised indeed if something positive is not announced before the "two/three week" time frame.
    My money is in for long haul!! Good luck to all!
    Don



 
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