CTP 0.00% 5.4¢ central petroleum limited

expert reports, page-11

  1. 1,150 Posts.
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    I'm not sure how many individual shareholders there are for Central; I thought it was several thousand.

    I am at about breakeven with the scheme (depending on whether the performance rights are worth half a cent or zero) but I know a few other holders and they are all at the point where their $5-10k holding have all been reduced to $1-2k or less. These guys (and girls) are all going to be voting no because they'd rather torch the last few dollars they have in this company than get robbed by RC & MB.

    I'm leaning very strongly towards no at this point; if MB wants it then it means there's a lot of money in it. The only things that worry me are the newfound interventionist nature of the federal government limiting upside prices, and the chances of being Nexus'd (possibly through some kind of clause in all these agreements that the board have signed but we don't know any details of).

    I feel this has a very strong chance of being voted down.
 
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