Agree. Don't see this as a positive at all.
From Trojan post No - 25469610 dated 24/6/17 this fellow indicated he had purchased a large stake in CTP as a purely short term quick hit:-
"I originally bought shares in CTP as a squeeze play to force a higher offer out of Macquarie."
He made no secret of his disdain for others and will do whatever he possibly can to save his capital:-
"If the scheme is voted down, I will unashamedly act in my own interests to maximise the value of my holding in CTP.
I do not currently have a plan in the event of the Scheme being unsuccessful. If the Scheme is voted down, then I will have to formulate a plan, which will include my own nominees to the board of directors. I am an experienced activist investor and have been through many ASX listed company fights before."
And :-
"I will also be requisitioning a meeting to consider a members’ voluntary winding up, and if this is unsuccessful I will continue to requisition meetings to compel the board to sell assets."
Increased holdings suggests (to me anyway) he has decided to average down his holdings most probably with a view to pressure the bod into entering another agreement with MB at a price he can still make money (and now happy for less than 20c?).
Unfortunately a large holder in a Company purely for short term money play does not work well with smaller holders prepared to wait for a Company to progress to a sound production / profitability stage.
I am not being critical, just pointing out what he has indicated in his above post as his investment strategy which is purely a money play and has little to do with the arguments backward and forward on here re the future worth of this Company.
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