Attached is a letter from OptionCo spokesperson Stuart Howes. The main points are;
- Macquarie appear to be using their control of the process to delay the meeting Note: Following receipt of the OptionCo letter a further Trading Halt has been announced with a possible further Supplementary Booklet and delay of the meeting, adding significant support to this belief. - OptionCo's plans are not reliant on Richard Cottee remaining with CTP - OptionCo will work with Macquarie post the successful voting down of the Scheme and subsequent 249D process - Evidence the current board has failed to live up to it's role to protect and enhance shareholder value. The share price and market capitalisation has dropped with each appointment. - Future prospects are looking better for CTP - All NGP pipe delivered: NT Fracking ban review
The CPSA agrees with OptionCo that the CTP board members are further alienating themselves from CTP shareholders by promoting these delays to the meeting.
The overwhelming majority of CPSA members are AGAINST the Scheme. This has obviously prompted the current tactics by CTP/MQG to delay the meeting in order to fully consider their options.
CPSA Member SoA Survey#3
This new survey was due to be released however we will update it in line with current developments. Your participation in the survey will be appreciated and helpful in our representation of the majority of members.
Not financial advice
Comments made and information provided in this email should not be construed as investment advice and members are encouraged to seek their own professional advice in relation to their investment in CTP.
As always the CPSA remains committed to assisting members, and maintains the belief the future of Central Petroleum is in the hands of all of its shareholders.
Regards
Robin Judd
Central Petroleum Shareholders Association
CTP Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
