Ann: 11.02.03 Surprise-1 Core Results , page-56

Theon,

I agree. What has today's announcement actually changed?

Everyone seems gratified that management told them something..finally, it seems. There was some unknown detail and some teasing information in the release but my take because I am cynical is..

"Release the Hounds!"

sorry scratch that..

"Release the Announcement!"


"Release the Cash Raising!"

sorry scratch that...save it for a bit later.

I too noticed that there was no fulsome explanation of remedial activities, procedures, reviews..in-house beefing up to address the litany of problems. Saying you had them and allowing all criticism to be deflected to the driller is a little too convenient.

I wouldn't expect anyone to commit Hari-Kari but serious companies do attempt to show what they learned, yet nothing here and where some disclosure might actually be cathartic.

The attitude seems to be keep retail shareholders as fully paid-up members of the Mushroom Club. One can only assume the worst other possibilities and that is CTP believes this is acceptable business or its too embarrassing to discuss.

Think about it.

Its not about airing all your dirty laundry, but total silence ?

I get the feeling that its " my damn company and I'll do what I damn well please, I created CTP so go please yourself" attitude. I don't think I am the only one here who has these niggling concerns either. I'd love to be corrected and it all be just bad communication.

I am not just slagging off, but it does matter because how does CTP come across in its dealings with other companies?

I'll say no more on this topic and just hope...