CB, I never though I would give you a Thumbs Up but in this...

CB, I never though I would give you a Thumbs Up but in this instance I DID. Someone saying what he did has really buried his heads down that far that there isn't much of their body left out of the ground.

As if, the person answering the questions would tell the truth, the whole truth, and nothing but the truth, when the decision was made at Board Level.

The past records of never reaching the set milestones are there for anyone willing to take full notice of them. Period!!

So, what hope is there that things will be different this time around.?? I never supported the CTPSA, but I agree that they should do what the majority of their members tell them to do.

If member Jake don't agree with what has been recommended and in fear of loosing that stupid idea/proposition of "POSSIBLY" collecting something in 4 years time, he should sell out now and move on. That is what democracy is all about.

Gasoroil, I agree with you previous comments, that the CTPSA should seek legal advice a.s.a.p in regard to a class action against the Company and it's Directors.

""(If some one else makes an offer to CTP then Bidcon can seek reimbursement of @2,040 Mil)""

CB, is that $2.040 millions or is it $2.040 billion dollars.??

That commer has got me a little confused.

Fully agree with you Colourofmoney. MQG would have all their plans in place by now in order not to make it fail.

What this Board did, after reading what Camdenbob posted here for everyone to share, is totally beyond comprehension IMO.

""(Does anyone know with certainty, if MBL are allowed to purchase any further shares either on-market or off-market, now that they have made an offer by way of a S of A?
according to my quick look at CTP A/R, MBL still had only 10m shares, or 2.31% ( am happy to be corrected).
Normally a s/h only has to lodge a Sub S/H Notice once it reaches 5%.
But I am pretty sure that under takeover law, an acquirer must notify the market when it's holding increases by each 1%. So when MBL shareholding changes to 3.31% it must notify ASX.)""

Jake, I don't mean to insult you in any ways or form, but obviously you don't know how the market and the SoA's really works.

Of course MQG will not buy any shares themselves but they will have someone else buying them for themselves under a different entity, and then handing them over to MQG when the time will come. And they will not be doing it for nothing either, there will be some form of compensation money wise for them to do so which, none of us will never know.

As for the 5% required before it has to be notified to the ASX, well it is correct. But in reading what I have explained above, you will soon realise that they will not need to do it at all. There will be some specialist financial institutions doing it for them. Deutsche bank, Nab, Swiss banks, CBA, are just a few that quickly comes to mind. JUST WAIT AND SEE. They will be the ones telling the market what they own shareholding wise.

It was only yesterday or early tis morning when I was having a relaxing cup of tea that I posted a post explaining how the system works and how the bidder company will get around the rules and regulations in place, to get what they want, while it is all legal. It is sad state of affirs that the big end of town will continuously get away with what they want while the poor mums and dads invetsors are skinned laive and robbed of all their savings.

""(I strongly suggest you read the SOA

Also you are confusing Take over Provisions with a Scheme of Arrangement.)""

It strongly appears to me that he hasn't, and that he is very confused about the way the takeovers and the SoA's operate.

They are two tally different kettle of fish. Period!!

""(Good questions Jake0002, and in my opinion you've got the right attitude. I would think that Macquarie (and related entities) would still have to follow the ASX rules with regards notification if they reach and thereafter exceed the 5% threshold.)""

Correct oilandgasinvetsor, but you are mixed up about the rules and conditions which are set up with these SoA's.

I have made it very clear before that MQG will not be doing the buying of any shares. They will have someone else under a different named entity to do it for them, and to be used in their favour when the time for the voting will come.
They will keep a count as to how many people with go against the first part/condition of the SoA to take place and will make sure that they will have the minimum 50% number required to get them to the second stage where they will need to get 75% of the total shares voted. Facts mate.

And all that, although it seems very unfair, it is all legal and blessed in full by our Regulators. That is what is called Capitalism my friend.