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5.0¢ central petroleum limited

Sandbar, that is interesting and distressing to hear, but not...

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Rook2200

55 Posts.

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16/12/23

12:39

Post #: 71484951
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Originally posted by sandbar: ↑

I hear from industry participants that know the CEO and the COO and say they are nice enough BUT HAVE NO DRIVE, no motivation. NO drive to explore, no drive to save money.
CTP don't show up at Conferences such as AGES or SEAOC - that requires travel and effort. Media presence requires effort and scrutiny.
It is ridiculous that the Board put up with this poor performance, AND PAY THEM WAY OVER THE ODDS. But it is the poor performance that really costs shareholders. I heard one member of the Board "was not happy" but has done nothing about it - Director fees are easy money for retired people; the Board is part of the problem. But will anything change... do I sell out as hopeless or hang in hoping for a white knight or private equity to make a bid?

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Sandbar, that is interesting and distressing to hear, but not surprising. No drive + no motivation + no vision = no future. If what you are saying is true, then why is Leon Devaney still CEO? What the he** is the board doing? One member of the board is not happy? The entire board should be calling for Leon Devaney's resignation.... or his head on a platter.

CTP Price at posting: 4.3¢ Sentiment: None Disclosure: Held
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Last 5.0¢		Change -0.001(1.96%)		Mkt cap ! $37.00M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.0¢	$343.8K	6.702M

Buyers (Bids)

No.	Vol.	Price($)
1	288354	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	409091	1

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No.	Vol.	Price($)
1	288354	0.046
1	60000	0.045
2	380000	0.042
3	128222	0.041
4	44119	0.040

Price($)	Vol.	No.
0.056	409091	1
0.060	118000	2
0.061	102917	1
0.066	85000	1
0.068	99826	1

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