Mac Sell Mereenie for More Shares in CTP?
Means this is the clever way to get effective control of our company and Mac can then ditch the current directors and put in their own people and all the while keep the share price down as they control it. This is the easy way to get effective control and the shareholders get nothing except a low share price and Mac in full control.
Of course our illustrious board can do this as a deal with Mac and give them hundreds of millions of shares for their share of Mereenie field then Mac rewards the directors handsomely and they leave a lot richer and zero for shareholders...
Here is the director trick. They say Mac wants to sell their 50% of Mereenie and our Directors say it’s the right thing for the company to do to own 100% of Mereenie. They say what a great asset for us to supply gas to east coast and make so much money. The purchase they will say fits our portfolio.
Now of course this is all true BUT the sneaky badt’ds Won’t tell you that by issuing all these shares to Mac to buy it without doubt gives Mac EFFECTIVE CONTROL of our company.
Another words they can do what they like with the company as they have Board Control (all their own people) and effective control of whole company through their large share numbers.
They do not ever have to make a TO offer for CTP as they already control it.
The first time I met him had a long chat... his lack of intelligence and incoherency were so stunning I was wondering it this was who I was suppose to meet. He came to meet me not for the reason the meeting was set up. Then I knew he was a deceptive lying bast’d out for personal gain. He was as dumb a director as you could possibly meet with no finesse and speaking as though only what he said mattered....ie what you could understand ...as he just rambled so much off the topic that is was clear he was deficient and the meeting was a waste of time as he was a waste of space....then the poor shareholders got what I saw from him right between their eyes....
That’s an easy one. 3 names come straight to mind. The first is...John Heugh and the second is...John Heugh....and to be sure, the third name is John Heugh. He was thrown out of CTP with only 3 million shares and no options if I am not mistaken, and he was the guy that put the company together and floated it on the ASX and when times were tough he took crap jobs outside the industry just to survive while he kept trying to get it listed and he did this over a period of many years until he finally got it over the line. Then the scumbag leeches pushed him out when they found oil. He and only he can make claim for being on the side of the shareholders and always took your calls. All we have today are scumbags period
I am not JH but know him well enough to say this...
6 million shares I think he had before consolidation.
Unfortunately, IMO, share holders were misled by the BOD with the "promise" of a repeat performance of Cottee's QGC outcome .
I think this is where Cottee also said CTP was in same situation as QGC, so could be repeated.
So, no matter what JH said, share holders were hoping for the second lightning strike and even the initial nominations for the new BOD, were also fooled by potential company outcome under Cottee, so they also allowed Cottee to start his ROT.
Let’s be clear...The shareholders were conned by deceptive directors with smoke and mirrors for personal gain and they taught us just how big a mistake we made believing their lies. How is it possible the sole FOUNDER of CTP was stabbed in the back by a handful of corrupt directors and the very shareholders who JH stood by since day 1, allowed him to be assassinated in plain view of everyone at a Shareholders meeting??? Was that because of a simple minded group who represented shareholders were sucked into it all thanks to our former Chairman who started it all???
Now the current minion directors given their jobs by chief con artist himself Mr No Comment, are still in charge of running CTP and being promoted to the very top of the Company at every opportunity.
Everything they say and do is just for their self interests and the BS organized smoke and mirrors Range report made to look good so they could issue themselves options and plan their get away, was effectively the same maneuver of there’s earlier to rig the valuation of the companies assets to be significantly lower for the Mac Takeover so they could benefit from that.
It was a case of, in hindsight, "if it appears to be too good ... " etc, regarding Hasko putting up Cottee, with what he could do for CTP share holders, to offset/counter the nominated alternative directors.
And as far as Cottee's gas plan that we were not told about initially, ... his personal agenda, ... that should have been in parallel with other O&G exploration, not all eggs in one basket for his gas deals.
And his $1m sale of coal discoveries without much info given to share holders, that may now be worth a motza if associated gas exists.
Who actually owns that now ?
I think you should do some better research before saying what you are Truth4ume. Period.!!
That is how things can come back and bait you in the proverbial arse mate. And it looks lime it is heading in that way mate.