JH has paid the price for CTP's failure, which will obviously highlight to the board that they are next if they dont get it together, maybe even if they do get it together. CP did not just buy in because of JH and CB, he bought in because he smells profits. Trying to buy 3 seats on the board and run the company on the sniff of an oilly rag is pretty brazen, and almost worked. Im sure CP has backup plans to either sit down, shut up and let cottee and the board do their work, or sink some more money and exert some influence and muscle. Clive is no shrinking violet so I kind of think he will be doing the later.
Lets not forget that CP has been keeping CTP in the news for weeks now and will continue to do so, this is good advertising at a time when we could be having oil flow results announced.
CTP Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held
