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Stas perfectly said - that’s a superb post 👏 ! IMHO
Thanks to both Stas and RBM this morning. I am relieved that the email issue will soon be resolved and my mind is made up to support the class action courtesy of your excellent email Stas. My only concern (being a technophobe) is this zoom thingy. I will need to get my head around what it is and how to 'log on to it'!
Yes, thank you so much Stas, also RBM I may not have received the last email in my Yahoo mail account but I am most definitely backing the CAG all the way. ATB to all involved.
Thank you Stas, most definitely could not have put it better myself.
Coplaction@ceclegal.co.uk
Great and highly motivational post Stas!!
I will also be fully supporting the CAG on its quest for justice for each and every one of us.
The small fee to pay is just that.... a small fee.
Looking forward to the call.
I’m interested to know why we can’t carry on as a listed company there are some remaining assets still that were not included in the sale were there not - also as these are producing money making assets circa 30k BBLS per month etc (will March production be reported?) what happens to the production monies before the asset is legally sold to SHB the senior lender it is not theirs but companies COPL until legal transfer which will take a few months in reality according to the docs.
Also what is to stop SL from allowing COPL to continue to trade and so being in full control of company putting in their own people & ousting current BOD? There is also basic value in our listing and once debt paid, the company may have a few pounds left BUT if what I’ve just suggested didn’t happen re SL then surely we are ripe for eg a RTO esp with a valuable main market listing. What do others think? IMHO DYOR
Part 2
We are going to show this greedy lot that you just cannot openly steal from us and our families and think you can swan around in luxuries from my hard earned, they will, with us as a united team, going to feel the pain.
Support this action you owe it to yourself and those closest to you and feel comfort in that your only financial input in this case will be the best investment you have made in COPL.
Perhaps my first question on the call will be – what can we as a collective do to support this, what resource do you need that maybe we can provide or have access to, we are 450, use our resource?
I’ve read many of the posts here recently and wanted, if I may, to say where I stand, and quite simply why we MUST all get behind the CAG. And why we simply MUST support this action.
I maintain a large investment, however, I’m aware of emails from people from all walks of life, all with differing levels of involvement, some larger than mine, some less so. However, the importance was not how large your investment. What may not seem large to you may be a huge amount to another and vice versa, what is important is that we ALL, all of us share one common theme, we were defrauded.
We all no doubt tried to make our and our loved ones' lives better. We only had one fault; that was to trust the company and its guardians, in that one tiny choice, many of us have lost so much. We have had stress, sleepless nights, guilt in letting down our family, loved ones, and ourselves, and I know this has for some extended to doubting our own worth. However, we ALL share another common theme, we are victims in this, we are all innocent, we were duped, conned, lied to by some of the most despicable, dishonest, and uncaring people in the name of their greed. We did not do wrong, we did not make wrong choices, we invested in what we believed but what we believed were lies provided to us by crooks.
We simply cannot let these people get away with this, we owe it to ourselves, our families, each other and our peace of mind to not just take this lying down, we have taken the pain now it's time to show all that are important to us, that we can and will fight and win.
If this goes as expected, we will not just get our money back but some dignity and justice, these bastards that have sought to do this will not walk away again to perhaps even do this again to others later on, we are the ones to stop this and stop these in their tracks and to ensure they get to feel the pain we have.
Someone earlier said think of the costs as a final averaging down, what a great thought, I will take this further and say there can be no better investment now than in supporting the fees necessary to bring justice and recoup your losses.
I have total faith in CAG, they have done an extraordinary job to date, this is a shareholder team of unbelievable determination from the website to gaining access to a highly respected advocate solicitor. Do remember and I expect all will be answered in the Zoom calls, Mr Cotter and his team are doing this on a 'no win no fee' basis, my understanding is that they are not charging unless they win, however, we all know there are others we need to use the services of, other external council etc. that will need to be paid, we will and must provide this and the more of us there are the lower the overall cost to each individual, we are stronger in numbers, we are stronger as a collective and as a collective we will swing power for influence with the media.
Continued...
Hi RBM- would you be so kind as to post the email address for submitting each shareholders details. Appreciate it.
Thanks
Mr Cotter is aware of an emailing issue affecting specific email account providers (I haven’t had an email myself!). Yahoo, AOL etc known to be an issue, but a remedy is close. Please bear with them, it was out of their control.
Any one here still not received the email. Comment. Please or tick up if you dont want to post but not both.
"Thank you Joel.
I am in this Class Action and realise a KC (was never included in the no win fee) and the added complexities that it will involve British and Canadian Law although they are similar, will add to some costs.
Best wishes",
Ok. Duster. Let's see how much is involved? I must confess I didn't read the March 23rd post closely enough
Bcarm if you look on Google looks like that's not London stock market. Says different underneath. Just a blip
Thank you I shall have a look, apologies re the Aim remark freudian slip just the way that the shares were behaving in the closing months ..
So why are we 350% up on google us otc?
Mammac, it’s not an AIM share, and with the amount some have lost the choice to crystallise that now or proceed with an opportunity to get some back for probably 1% of what they lost is a no brainer.
Accept the lose by all means, but to do nothing seems a strange decision. Go to the planned teams calls and ask the right questions there before deciding is my suggestion
Reposting a note I added on 23rd March in which I highlight that there were always going to be additional KC costs to be covered, some appear to be fixating on those. The zoom calls will answer all your questions - having waited so long for justice, I’d suggest waiting another week before committing would be wise. The first phase is the stage at which the vast majority of these unavoidable costs are encountered.
23rd March:
‘Setfords have agreed to proceed on a no win, no fee basis. As with all class actions, there will be a cost for external KC counsel, but these costs are yet to be determined. Given the numbers of shareholders looking to get involved (we have been contacted by 500+ prior to closing applications as interest had more than been established), we do not envisage these costs to be in any way prohibitive, perhaps done on a banded basis. Mr Cotter is working on this a present and will fully explain the process to all when he invites applications to join said class action.
Every action that CAG has taken to date, every hour invested by its team has been without any cost to shareholders. All legal counsel taken thus far and being taken now, has been without cost to shareholders. Should there be the need to cover costs beyond Setford’s no win, no fee class action representation, then we will address that in an open and inclusive manner. We have not, are not and will not hide anything from shareholders when all the facts are to hand.’
Bob just consider it that you are averaging down one last time 😮. And hopefully this round of averaging down will be very beneficial for once. 😮
Goodness.
That interpretation could not be further from my thoughts.
I must learn to articulate my written word better.
Best to all 🙏
And with mammac the script unfolds again.
"Its your fault. Take it on the chin"
I thought this lot had gone but they are back.
We were not to blame we were defrauded.
Antha
The first stage will be no different from the rest of the case. We should not be paying for anything other than a case assessment to see if its a goer. I believe this has been done already and my thinking is this is what we are paying for. ie work already completed.
We should not on a nwnf be paying for anything else.
Whati would like to ask is
Has the full assessment been completed, is it a goer over 60%
Is the payment to cover this assessment?
If not why are we being asked to pay if we are nwnf.
Would Mr Cotter's indemnity insurance not be picking up all costs if he has decided to procede.
Firstly a sterling effort of monumental proportions by CAG ... goodness talk about taking on Goliath, as a holder who has lost a great deal of money thank you 🙏
I personally wish to accept my losses and to a degree (hindsight) with the way things played out in the last six months my own error of judgement.
Hope and reality can be very different animals but equally as wounding.
Thank you Cag for all that you have done for all, however for me personally whipping the dead horse is for me neither feeding hope to the bereft.
How about something positive and how we can learn from this mistake? All Aim shares are notoriously risky, however each one of us must have had 'that' doubtful moment, I had several.
Shall we share those as a learning curve to each other?
Best
Very mixed feelings here. New poster is suspicious to me but may be genuine. Disappointed a fee has been requested contraray to what we thought. However I had to hawk my own employment case around the nwnf solicitors and they all refused to look into it unless i paid around 2 to 3k for assesment except for one. Only then would they give me a yes or no so nwnf does usually cost if its complex.
What i would like to know is will this be the only payment required.we cant get into a situation where we are paying at each stage.
We need to know that the case will be indemnfied and the insurer will be picking up the tab win or lose.
Cotter will need to be at 65% +chance here to take the risk.
From what I gather, Cotter is doing it on a No Win No Fee arrangement, however the first stage needs third party services such as Kings Council, etc which obviously needs to be paid for. Obviously the more who join the Class Action the cheaper it is individually, I believe the Zoom meeting will spell everything out beforehand so everybody knows what to expect such as costs, timescales and the chances of success.