CTP central petroleum limited

No ASX board experience., page-3

  1. 8,120 Posts.
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    So you would prefer to have on the new OptionCo board 3 people who have NO ASX listed board room experience.

    One of whom is a politician who, was a director of the Australian Bight Abalone Managed Investment Fund which in 2012 went broke owing $45 Mil to its investors.

    Source Sydney Morning Herald Web page) June 30 2012

    http://www.smh.com.au/business/bolkus-caught-up-in-abalone-lawsuit-20120629-2186c.html

    And who embarrassed himself in 2003, when he admitted in the Sydney Morning Herald

    “Labor senator Nick Bolkus today said he regretted not fully disclosing a political
    donation from a crook - in the form of nearly $10,000 worth of raffle tickets - and blamed disorganisation for the mistake” .

    Source

    http://www.smh.com.au/articles/2003/06/25/1056449273109.html

    And also explained on ABC Radio

    "This sort of thing I think happened when you've got responsibilities in different parts of the party and matters like this fall between the gaps," he told ABC radio.

    Is it your preference to let Mr Bolkus be a director of CTP? over someone who has demonstrated for many years that he had the courage, and the tenacity to turn his dream into reality and has a nothing but teh shareholders as a whole in mind.

    And in so doing you will keep someone on the board that has put the company into a position where it has been offered 20 cents + for a company that is possibly worth may multiples of that, and is actively recommending that to shareholders, while still on the board.

    Remarkable, absolutely remarkable!

    CB
 
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