fwiw this ex asx ..., page-8

Well done TL,

If you wanted to 'twist the knife' you might research some other occasion where PL (he signed off the CR resolution as Exec. Director) may have made a similar mistake perhaps in other OKap companies.

IMO with this matter entering the "END GAME" I see 2 positive outcomes for CTR SHs :

1. LAR decides, finally, to perforate and announce flow results for C17. They have enough money to do that. This could come about due to pressure applied from several quarters, including IMO threat of possible loss of leases by Guat Govt. (Guat desperate for the revenue)
2. If all fails and LAR holds out for full ownership, or whatever else is their objective, then SHs could recoup some of losses and perhaps opportunity losses by a Class Action.

I do not put much faith in an entity like LO coming on board without massive dilution due to Guat's reputation and Sovereign Risk. (eg, chance of receiving commercial debts extremely low and little likelihood of help from legal system)

See http://globaledge.msu.edu/countries/Guatemala Click 'Risk', hover over 'i' symbols.

Cheers.

Sorry, just saying how it is.