The reference to canvasing 80 different groups is in the SOA materials on p9 and was discussed at the meeting. Origin was appointed by CTP and approached over 80 strategic and financial groups to seek alternative offers for control or substantial minority interest. Central established a comprehensive data room and shortlisted groups undertook due diligence. As at the date of this Scheme Booklet, no Superior Proposal has emerged.
I know people are upset about the SOA and how they feel it has been done but I also see alot of people letting their emotions get in the away and making silly inaccurate comments which they would not make if they did a little bit of due diligence and read some of the materials that CTP are sending out.
Don't get me wrong, I am upset also, but I am doing my due diligence and reading the materials and trying to make sensible business decisions rather than letting my emotions get in the way. Based on my reading and research my plan is as follows:
1. No vote succeeds;
2. Support current board through to AGM; liaising with them regards moving forwards away from being dependent on MB;
3. Plan/Liaise with various parties in assisting in establishing new board opportunities to be voted on at the AGM.
4. Establish new board at AGM; accept the decision and support them towards getting gas into the pipes
5. 2018 -> pump gas - > make money - > payout MB debts - > pump more gas and make money...
I know the grand plan will be much more detailed but sometimes it starts from a scribble on the back of a serviette...
Be business like, vote no and lets get on with selling gas.
my opinions, dyor
Cheers
R
CTP Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
