CTP 6.25% 5.1¢ central petroleum limited

Haasko, So you had a strategy to expect the share price to fall...

  1. 3,084 Posts.
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    Haasko,

    So you had a strategy to expect the share price to fall (under current directors), and that was spoiled by OptionCo's 249D? In other words, without intervention you expected the share price to fall.

    And by the sound of it you don't approve of OptionCo's candidates, but thought they had a chance of succeeding.

    You seem to be saying that you want to stick with the current board, but acknowledge that they have failed to raise funds in the past, and CTP will need funds to go forward, should the SoA fail. That seems contradictory to me - if the company needs funds to continue, and the current board has failed to find funding, why would we stick with them?

    But you would be prepared to give more money to the current board in a fund raiser, but wouldn't support another team.

    And then you blame Camdenbob for doing similar to what OptionCo has done, and put blame purely at his feet? Why not blame OptionCo?

    Haasko, you must be so pleased with the results of the current CEO. Since our saviour has been in place we've dropped to around 20% of the share price that existed when he took over, after counting in the consolidation. And there have been shares issued, so it's even lower. If RC has been a success, what is a failure? I remember when he came on he asked for a few years to sort it out, it's now been five years. How long are we to wait? You said yourself that 20c is not fair.

    Meanwhile we've got OptionCo without any presentation of a plan (except it seems to continue to do what the current board had been doing), or we've got New Direction.

    New Direction offer a plan, and have given some assurance of how it will occur. Even if you don't value MoU highly, at least it's better than the nothing we've been offered by the others.

    Haasko, you must be so please with the developments over the last five years.

    - Karll
 
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