1. 69.8k
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    Central Petroleum Limited (“Company” or “Central”) today announced that Mr Martin Kriewaldt
    has resigned from the Board of Central Petroleum Limited and all its subsidiaries effective
    immediately. The Board has selected Mr Wrix Gasteen to serve as Interim Chairman while it
    undertakes a process to consider a new Director and to select Central’s Chairman.
    The Board thanks Martin for the tireless effort and dedication he has shown in his capacity as
    Chairman during a period of significant change at the Company. Central wishes him all the
    best in his future endeavours.
    The Board reassures shareholders that with the appointment of long-standing Central
    Director, Wrix Gasteen as Interim Chairman, the Company’s priorities, strategies and
    stakeholder relations will be unaffected during this process.
    Central Petroleum’s CEO and MD, Mr Leon Devaney, commented “The Executive
    Management Team remain focussed on continuing to execute the strategy and maintaining
    the strong momentum the Company has generated over the past 12 months."

    courtesy of Bell Direct
    =====================================================================

    ( DYOR )

    the song remains the same ???

    2 likes
  2. 14.8k
    Posts

    What’s the story about rats and ships???.

    2 likes
  3. 2.1k
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    Most importantly what's behind it all.??

    ""Effective Immediately"" doesn't sound too good IMHO.

    And old Gasteen ( if he is the same Gasteen which was sitting there before), is back in the seat. Dear oh me.!!!!!!!

    Dyor.!!

    2 likes
  4. 2.1k
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    Doesn't look too good for me when the big Honcho leaves the company ""effective Immediately" does it.??

    2 likes
  5. 2.1k
    Posts

    Where is truth4ume now to say his views.??

    1 like
  6. 69.8k
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    T4me might be reaching for the champers .... or typing up his resume

    1 like
  7. 14.8k
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    Looks to me like he got the don’t come Monday???.

    1 like
  8. 2.5k
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    He might have gone to join Cottee.

    But, to be serious, why no informative announcements coming from this company ?
    Why are they allowed to not inform share holders of important events ?
    aholes.

    1 like
  9. 1.8k
    Posts

    Old Mr No Comment supporters up and centre please .... Wheels are slowly coming off the billy cart. There is a scam in progress. This guy saw the writing on the wall and likely big fights internally and quite. Mr No Comment people put to the front of the billy cart temporarily...Mr Leon is the Proxy for Mr No Comment. This is all live action and some are getting nervous....as they should be...

    1 like
  10. 1.8k
    Posts

    This is a gang running the Company. People are there for a reason. To follow what they are told and conform to Mr No Comments back room manipulations or get out. The intensity of infighting must be getting big. Something is a foot and likely another manipulated takeover organized with brokers involved and share holders will again have the opportunity to tell the Mr No Comment associated Board to FO once again.

    1 like
  11. 1.8k
    Posts

    Mr No Comment cannot be seen to be in the picture as his reward will not be seen by the shareholders as no longer a director. This is a Mr No Comment left in place Board and the new guy is of course another big big Mr No Comment supporter from the old days.... These people are not smart...

    1 like
  12. 1.8k
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    I have experienced even this type of director manipulation from behind the scenes and fought the bastards at the front lines in directors meetings. This is just the beginning of more heated moments and wild eyed confusion amongst directors wondering whether they can go to jail for breach of fiduciary duties when they are not the ones to significantly benefit from the scam going on

    1 like
  13. 1.8k
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    If I was Mr Martin Kriewaldt I would be heading straight to ASIC this morning to try to protect my arse and distance myself from what he knows is happening at CTP...

    1 like
  14. 1.8k
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    That won’t be good for the other proxy directors of CTP but they will get what they deserve and so will Mr No Comment...

    1 like
  15. 1.8k
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    Yes if I was Martin Kriewaldt ....I would be trying as fast as I could to protect myself and put the blame where the blame is due. I am quite sure he is being threatened with just hot air and nothing to be afraid of from within Board and by Mr No Comment ...but needs to protect himself legally fast at ASIC with everything if he knows what is good for him...

    1 like
  16. 1.8k
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    If I was a proxy for Mr No Comment on this Board, I would be significantly concerned that the Bozo is going to FU everything AGAIN.... like he always does and this time it’s the board that will take the brunt of the heat initially BECAUSE Mr No Comment is not on it....dummies....they were set up too but didn’t realize it. Amazing what some dollars can make people do....

    1 like
  17. 1.8k
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    Come after me Board of CTP and let’s have this out in the media and I will show you how to fight you gutless pack of proxies...

    1 like
  18. 1.8k
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    Now who is the weakest link in the not so water tight CTP scam .... dumb bunnies

    1 like
  19. 1.8k
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    The dummy BoD have been set up to wear the of sequences of their actions by Mr No Comment...that is what weasel lawyers do...and you think he has got your back? F !

    1 like
  20. 1.8k
    Posts

    Big laugh :
    “The Board reassures shareholders that with the appointment of long-standing Central Director, Wrix Gasteen as Interim Chairman, the Company’s priorities, strategies and stakeholder relations will be unaffected during this process.”
    Long standing yes man for Mr No Comment they mean and companies priorities strategies not affected ....hahaha ....they mean Mr No Comments priorities and strategies....
    Really?

    1 like
  21. 1.8k
    Posts

    Now the brokers of course who are not entirely in the loop what is going on at CTP are nervous....What’s wrong? What happened? Why weren’t we briefed ? The Chairman resigned! Have the brokers called him? They usually do to find out.

    1 like
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