CTP 0.00% 5.3¢ central petroleum limited

Common Sense

  1. 1,368 Posts.
    Common sense

    People, including me are saying vote NO, but but but the share price will highly probable drop in excess of 50%

    If the yes vote gets up, $0.20 is all one gets out of this board of directors, a 60% lose since they took over in year 2016, disgraceful

    Common sense prevails and should one sell and wait for the NO vote to triumph, one can pick up at significantly lower prices.

    So hear lies the problem, if we all sell, the NO vote probability is significantly weakened and unlikely to get up.

    We know that the NO vote and removal of selected board members is imperative but to prevent carnage the NO vote must be support with action and contingencies to minimise the drop of the share price.

    Should the NO vote, the minimisation of damage to be done to share price on the no vote, including mass selling be contained, out of the box action must now be raised.

    Replacement board members have been identified and have in discussion agreed to take Central to the next level, but certain conditions would need to be implemented. Further more and due to the short time frame in organising such logistical challenges it is important that new present them selves in advance to any formal issuing to the ASX of documentation in order to effect change.

    Stand by to stand by but in our honest and humble opinion, we can no longer watch a share price that has dropped since year 2021, can no longer tolerate the less than acceptable MB offer nor tolerate the mixed messaged communicated by board.

    Common sense must prevail and we hope that when the time is right, we are provided with the support necessary to whack the whack as once coined by central.

    Stand up and fight for what is just and fair and make the changes when presented to you, please consider when announced.
 
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