Statement from CTP's largest shareholder, page-65

""((We will know in the near future whether the FOR proponents have the majority of shares to
vote according to the Board's recommendations, or the AGAINST agitators have been simply making a lot of noise without the votes to back them up.

For better, or for worse, I'm tipping the FOR having the votes to swing the result.))""


Well, obviously you weren't at all correct. Although with not with the huge amounts of shares they were hoping for, the "Against" votes got up thus putting the cat amongst the pigeons, and now it is back to the drawing board for Cottee and his Board to come up with something which would pacify the contrarians.

I feel that some of the ST punters which were punting for the 20 cents will now have to try and get out of this at a loss.