may be star of the good oil conference, page-30

mrs peel you are entirely correct in that regard- as option holders we do not have the voting power if such activity were to be brought to shareholders-

but assume someone had put down $20,000 to obtain ctpo options at $0.07- therefore approx 285 715 options


option holder would require 285 715*$0.16= $45 715 to convert the options to shares from my understanding-

now assume that prior to march 2014 a takeover is imminent-
ie 2012 for arguments sake

if the option holder does not have $45 715 to convert them to shares for arguments sake, would the company wishing to take us over be obliged to pay us a premium for our options?? or would option holder have to sell their options at market?

sorry if i lost anyone especially you grangeh-

all in all- if i lost anyone apologies in adavance- rest assured though that Central Petroleum is starting to get noticed- latest Hot Copper September Stock Tips Top 5

Rank Symbol Number of Tips
1. BUY 113
2. FAR 94
3. CTP 83
4. PEN 83
5. MEO 64