"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."
Now, has the BOD created a monster here which will give them all the headaches in the World, and more headaches than what they actually will need.??
Not that they will not deserve them though.
I wonder how long before his first/next move will be made.
Anyway time for pulling a chair up, relax, and enjoy the show.
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