CTP 5.45% 5.2¢ central petroleum limited

the millionaire factory

  1. 63 Posts.
    The Millioinaire Factory,

    It would appear the only people likely to make any serious money out of CTP are the directors. Sure the big investment banks make their employees rich for strong performances but these huge wages are heavily bonus based and shareholders are duly rewarded with an uplift in stock value. With JH and team collecting huge paychecks and additions options etc. The current performance of the board would result in a very lean christmas bonus indeed.
    I have not seen any announcements of director buying in the time I hold the stock (over 2 years). Which is disappointing when such claims of riches are imminent.
    Poor management and certainly an element of bad luck has reduced this company to a soon to be cashed strapped outfit with nothing more than hyped up potential.
    A commercial oil discovery is the only way I can see this stock moving forward. I will continue to hold this stock as a tax loss is not beneficial at this time. The LT
 
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