thoughts on current events, page-58

Some Guy,

Even if they were to bring in, like you said, a high calibre player, they can only issue enough shares to them up to the 15% limit that they are allowed under the rules of ASIC. But IMO that 15% has already being partly used by the previous Capital Raising, and without going to the shareholders for approval, they can't issue more than the difference between what has been issued already and the 15%.

If that is the case, I don't think that the ones that they are trying to bring in would be able to gain a major controlling stake in CTP, (depends on how one will interpret a "major controlling stake" though), especially since Patterson took up part of that already. If CTP was going to issue sufficient shares to go past the 15%, they will have to go for a vote at an EGM for approval.

I do agree with you though, that, not knowing what has really happened to warrant the sudden dismissal of JH, is very frustrating indeed, and the board is treating us like mushrooms which are kept in the dark and fed bull's excretia.

By the way SG and others, there was a good article about CTP in the Business section of the Herald today. And it appears that the writer is following our threads to post in such a way. Whoever that reporter is, well done.

Cheers,
Buddy