Ravi, Carmichael stated in writting that this so called "Speculative Buy recommendation and price target of $0.32/sh" as being prior to the CTP share consolidation (1:5), meaning they (Carmichael) would of had no idea of the proposed consolidation plan at the time of publishing unless in bed with CTP.
This pathetic $0.32/sh target was published by Carmichael when this organisation was trading at AU$0.11 or AU$55 in today post consolidation valuation. Meaning that the Carmichael published target actually represents AU$1.60/sh post consolidation. We are currently at a pathetically low AU$33.5 or a pathetically low AU$0.067 pre consolidation value, has reality sank in yet>?.
It just goes to show how far off Carmichael has been on all of its commissioned (paid by CTP) reports in relation to CTP, this one being a prime example.
It alo just goes to show how far the CTP share price has also dropped under this management in just one (1) very painful and less than acceptable year of share price performance, much to the thanks of the ex-chairman of the board for initiating wrongful termination of JH and the so called dubbed "rebels" who achived IMHO nothing but pain, pffffffftttt all for 15 minutes of now lost fame, go figure.
It would also seem that Carmichael may have been provide a one year look head deal to initiate yet another CR by year 2014 ending. Ethics and compliance needs a serious review and does the review of ASIC, all IMHO of course but but but the whole Carmichael and CTP relationship and share price trading looks very very suspicious on paper, I could of course be very very wrong.
If you believe in a fair go and support the rights of those who are placed at the disadvantage of manipulation of shares through algorithmic trading for purposeful intent, have the issue raised with ASIC, please kindly consider, do it in numbers and have the issue elevated for quicker action reviews.
I also notice the capital raising being announced just weeks prior to the AGM, how very convenient, more bolstering of the share registrar. Were they (CTP) worried, who are they (CTP) going to announce as being strategic investors to share up the registrar, how many issuing of shares at so called premium deals, some may say pathetic.
ASIC contract details as per link
Phone ASIC
(20min delay)