CTP 3.85% 5.4¢ central petroleum limited

announcement just out, page-12

  1. 11,722 Posts.
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    sorry steve,

    They are a company which offer rolling bonds to ctp.

    So far all of the shares issues to dbz have been at 15c. They then sell the shares on the market. dbz are not allowed to hold too many ctp shares, so I guess they have to sell some.

    Whilst it causes dilution, & the bond company makes lots of money (from selling their shares to us), it does provide ctp with money, up to $80m.

    Every cloud....

    Here's a link to ctp's last rollout ann:

    http://www.asx.com.au/asxpdf/20080603/pdf/319g5x0g9hdhvd.pdf
 
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