rejection of s249d notice , page-96

Yes Botchee,

You have hit the nail on the head with your post.

It is all about the precedents set.. in this case with CTP.

There are other companies on notice as well, EGO is one , the ESI board was given the bullet last year and look at where they are headed. CCC are on notice... CVI ..well that's cost many,if not all holders all their hard earnt.

Many junior explorers are very adept at mining the shareholders pockets over a long period..time for the shareholders to wake up and get some just desserts or revenge!

The whole system needs a change for the SHAREHOLDERS
benefit. The system stinks to high heaven ..the manipulation is all over the Stockmarket.. don't believe me ..then just look at the complaints lodged with the ASX and ASIC re insider trading and Algo trading, not to mention ..dodgy deals done good by various Explorer, bank account diggers.

Look at the world trading system.

Why do you think the junior explorers and the also rans can get away with it...that is, keeping the Shareholders in the dark and kept being fed absolute BS to make you feel warm and fuzzy.

Because they CAN !!

Is it right???!! ..that's for all you punters out there to answer ..sadly, a few will think that's totally
acceptable..but,you would be in the vast minority to think that.

Do not tool with the "mug Punters" ..they have the numbers and the influence at the end of the day.

No one likes being shafted .. unless you are a masochist.

If the authorities had the balls to stop the rot,they would probably bring down the whole worldwide trading system.It seems to be based on total rot and corruption.

Ergo ..they will never do it!! That is why many boards can get away with the absolute crap that some see fit to feed the mushrooms.

Time for some action ..one way or another.

ESI did it before CTP .. but CTP is a higher profile scenario .. that's why you all need to do some research in the precedents.

If you feel there are none, then you need to make sure this is one hell of a precedent, if for no other reason than "keeping the Bastards Honest" ..across the board !!!!

This will be an example to the market as a whole.

This imbroglio has scared off some real JV investors,at least until the dust has well and truly settled.

Hopefully the dark days of the "Mug..mum/dad and small retail Punters" being drilled for their "Cash" reserves well in advance of any JORC resource being established and heaven forbid.. a real proven resource ready to go to production and with all the approvals in place...without being gouged for all you are worth, prior to discovery and production.

Some potential JV partners may also feel the same way.

Not everyone in the Global markets thrives on greed and avarice .. some investors actually have a national interest at heart..mainly for their underpriveledged populus to have basic energy services that the Western nations have enjoyed for a long time ,well in advance of these new emerging economic powerhouses.

It is their time now and all facets of doing business are now under heavy scrutiny , post GFC... including the way the stockmarkets interact with Government policies, Global,national and localised Domestic economics.

So what does that have to do with CTP .. simple!

High scrutiny from potential local and offshore large scale JV partners ,not to mention a long overdue scrutiny from the long suffering CTP SH's.

So Botchee,you are on the ball mate, with, quoting you:

"It matters little whether you support the new proposed board or not. The fact the existing board are being challenged because of perceived poor past performance should put any new board members on notice the shareholders will not tolerate poor results like we have witnessed with this lot of Rip Van Winkles"

Not to mention the most pertinent point:

"The repurcussions here should the board get rolled might just help us all in our sharetrading for a very long time, the precedents here will have many directors and shareholders alike from other companies eager to see the outcome.

At least CB has brought this to a head and given ALL shareholders the opportunity to be proactive and cast a vote either way and I commend him for his initiative. The rest of us are typical Aussies whinging about the board and doing absolutely nothing about it.

This Challenge to the CTP board should be applauded,in my opinion ,as a precedent to send additional shivers throughout the stock market and all the advisors/analysts/valuers that make a fortune drilling and Jorcing the ill informed stock market "punters".

However their advices are mostly tolerated by the "Professional Insto" investors whilst yielding the most miserley annual returns for the non "Sophisticates"..if you are really lucky.

Maybe that's why the the industry survives .. Feed them (Mug Punters) Dung when they are hungry ... at least they will survive and be happy with their pile of Offal and faeces .. Whilst the Industry advisers say ..now there's a good Mushroom!!..you should know we need to be kept in the lap of luxury whilst ensuring that you are all being well fed the best Faeces..

Sometimes the chickens come home to roost or the cows are coming home to be milked.

History is in the making here at CTP land.

The majority of Shareholders will decide.. you hope??.

If some one else decides CTP's fate, then it will be a very questionable decision.

Interesting month or two ahead for CTP.

Resolution and clarity of current and future events is vital to any large scale and long term investment decisions, in my opinion.

Who runs this outfit .. is it the board or is it the CEO??

If it's the Board ..then the Board is responsible for the CEO dictates...think about it!

How much do the board mambers get paid individually and how much income or company asset increase have they individually produced over their tenure??

Many questions need to be answered.. before major investment JV decisions are made ..otherwise might be easier and cheaper taking over the company as a whole.

Just my thoughts ..every one on this forum has one ..may as well chuck mine in ..as an ex shareholder that MAY buy back in.

April will certainly be entertainig for Central Pet!

Let's see how all this pans out.

Cheers

HR,

As usual ,no advice given or intended.. it's your money not mine.. but it is always good to challenge the "Norms" especially when the "Norms" are not or have not been producing you an income for your hard earnt investment,but they are producing a very handsome income for a lot of Directors and peripheral staff...especially for a non JORC coal compliant/proven O&G reservoir identified, junior explorer in any Wannabe junior Oz explorer .. CTP is noting other than a Junior exploer at this stage.. Look at EGO as a comparison to "Oil and Gas Flow".

EGO does not have a proven and quantifiable "O&G Reserve" neither does CTP ..however ..CTP has coal and larger acreage.

Do some comparisons ..TSV,NWE,LNC ..etc ..there are many non listed entities that will come on stream this year.. some may be smarter than than others ..they may not rely on the Share market listings for their market cap.

Happy Easter,

Back to my Sov Plonk ..

Munch into your Easter eggs or Hot cross buns guys and gals ..warm up the popcorn for next weeks instalment in this saga...or just have a stiff drink.

By the way, if there are any Grandma misteaks or speling errars ..just forget it ..I am not in tha mood ta chaing ani of it. let a lone the HC restrictions on for matting.

TA! ..Scotch and Coke now ..fresh out of Plonk.

Don't like it ..don't respond. Just vote HOW YOU FEEL!