Ann: Resignation of Directors, page-8

Thanks for the reminder mg, went back and had a dig around and found a good summary by pe981, see below.  I felt it was important to share based on what I saw with Trojan (your id is correct gasoroil, definitely not c.bob) actions/conduct yesterday.  He is definitely only interested in one shareholder, himself, he is a professional investor and will only be interested in his own business.  Anyone who thinks otherwise and believes that Trojan is working to help other shareholders is kidding.  Best placed quote that fits is from 'The Castle: Tell him, he's dreaming!'.  Basically if any of the shareholders think Trojan is working in your best interests, you're dreaming!

I am concerned he is making a push to get himself or his puppet on the board.  Heaven help us if he does, anyone who thinks RC sold us out cheap for his own interests has seen nothing yet.  I see the vote results as being an atypical result as 1 & 4 voted bipolarly and the removal of the directors with no real warning as indicators of being out of the ordinary and clearly some form of manipulation given the small head count of voters against, yes I know there is alot of shares but there is only a small number of holders involved.  This clearly suggests manipulation towards an agenda.

I suggest it might be time to buckle up kiddies as I think we are on board a violent rollercoaster....
DYOR
Cheers
R

**Start Message**
Originally posted by pe981

Agree. Don't see this as a positive at all.
From Trojan post No - 25469610 dated 24/6/17 this fellow indicated he had purchased a large stake in CTP as a purely short term quick hit:-
"I originally bought shares in CTP as a squeeze play to force a higher offer out of Macquarie."
He made no secret of his disdain for others and will do whatever he possibly can to save his capital:-
"If the scheme is voted down, I will unashamedly act in my own interests to maximise the value of my holding in CTP.
I do not currently have a plan in the event of the Scheme being unsuccessful. If the Scheme is voted down, then I will have to formulate a plan, which will include my own nominees to the board of directors. I am an experienced activist investor and have been through many ASX listed company fights before."
And :-
"I will also be requisitioning a meeting to consider a members’ voluntary winding up, and if this is unsuccessful I will continue to requisition meetings to compel the board to sell assets."

Increased holdings suggests (to me anyway) he has decided to average down his holdings most probably with a view to pressure the bod into entering another agreement with MB at a price he can still make money (and now happy for less than 20c?).
Unfortunately a large holder in a Company purely for short term money play does not work well with smaller holders prepared to wait for a Company to progress to a sound production / profitability stage.
I am not being critical, just pointing out what he has indicated in his above post as his investment strategy which is purely a money play and has little to do with the arguments backward and forward on here re the future worth of this Company.
**End Message**