It would appear that that "deal" with RRS must now be completed. Brett MUST now tell us what is going on with that announcement from RRS.
It is noted on the Form 603 that RRS now hold 220,958,500 CTR shares. On 30 September 2014, RRS held 54,081,130 telling us that RRS had sold another 33,122,630 from 30 September to 1 February 2015.
RRS are now the Number 1 shareholder, but, we really cannot draw too many logical conclusions until we receive that information from CTR. Still looks like Chimaera was the major seller yesterday and that other 30 million order is still a mystery.
Brett MUST now make that announcement immediately.
But, best case scenario is that CTR now is funded by that deal, be able to clear that bridging finance, proceeding with the Texas drilling and getting on with A#5, clearly, totally dependent upon resolution of the obvious stand off with LAR. If all that is worked out, we get that j/v for Atzam and an "oil expert" on the Board, we still have a potentially viable company.
BUT,BUT, BUT, Brett has to clarify all developments immediately, otherwise, it will still remain up in the air and now dependent entirely on what RRS decides to do with that 220 million shares.
BRETT where are you?????
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