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I have no doubt if BP have lost 11 million they will try and retrieve it plus all costs. Its a no brainer for them.
"Wadda, a good initiative, but which shareholder group did you say you were representing? I wouldn’t want Mr Denton to get confused due to multiple approaches."
A very important point, we need to look organised and efficient with a consistent message, not fragmented.
Personally I think all comms should be coming from the CAG but I hope and expect we get some guidance on this from MC on our zoom call.
I can only say thank God its Friday after reading some of these court documents, its extremely fortuitous that none of these KSV lot are standing in front of me
"9. In accordance with the SISP Order, the Applicants, with the assistance of the Financial Advisor and Monitor, have engaged in extensive marketing of the Applicants’ business and assets."
"13. Despite the considerable efforts of the Applicants, and the ongoing support of the Monitor and Financial Advisor in responding to diligence requests, among other things, the Applicants did not receive any letters of intent (“LOI”) by the deadline for submitting LOIs under the SISP (the “LOI Deadline”). "
extensive marketing, considerable efforts - What an F'ing joke
Whoever loses will end up footing the bill. My point is, seems like a minuscule amount for a company like BP to be bothered about unless they’ve been shafted in some other way. Which could mean there’s further evidence of COPL wrongdoing that BP may have. Which would definitely help our cause
Bp have potentially been defrauded just as much as we have, if you’re saying it will cost millions then we have no chance with a class action, where’s the money coming from for that
That should actually have read hundreds of billions dollar company…..
A billion dollar company. Who will be paying legal fees of quite possibly millions. To scrape back 11 million? Does this seem likely or are we missing something?
The cag should 100% be contacting Derek immediately, we need to have all options open at this stage not just the class action
Wadda, a good initiative, but which shareholder group did you say you were representing? I wouldn’t want Mr Denton to get confused due to multiple approaches.
Waddaweknow - excellent well done indeed! Thank you for that. IMHO
Exactly Harry, for bp to get their money back they will undoubtedly uncover more information, they’re a billion pound company who are far better able to investigate this than us, and they’re right in the thick of it.
Certainly worth highlighting as he’s late to the game the engineered scam pantomime he’s entered.
Whilst BP just want their $11m back the fact they’ve unwittingly been dragged into an unethical scam might actually mean they might go further than just their owed coin to protect and uphold their good name, lest it be tarred by this lot. The byproduct of that could help us greatly.
The CAG have to get a telephone call or zoom with Derek, we’ll done for getting in contact, this is very promising!
Stas20 ref BP and Denton,
I emailed Derek yesterday "I understand you are representing BP Energy Company in their case against the recent quick sale of Canadian Overseas Petroleum (COPL). I am part of a shareholders group also objecting; do we possibly have common ground, objectives worth discussing? We certainly have a wealth of information on what the company has been up to for the last year or more, would you be interested? Thanking you in advance for your prompt attention and any thoughts."
and he replied "We may need to speak further. I was retained rather late into this matter, so playing catch up (including following an order granted yesterday, which has significant implications). I will speak with my client (BP) and confirm what instruction I may have to discuss matters further with the shareholders. Thanks for reaching out. "
Looks like it depends on what BP wants with SH but might lead to something... I don't think we should inundate them with emails but you/CAG might like to send them a periodic update with some juicy piece of info?
So take a look at PK’s latest affidavit! Can’t believe they sent this only on 11th April, six days before LOI were needed. I note they haven’t actually included the teaser pdf to court info- I would like to see a copy of it. If you want contact details eg Spectrum, Latium and BP - they are all on the email that he’s attached. IMHO DYOR
Stas - i get your point but sharing ideas or acknowledgement of them being good one's will make no difference to the opposition. They will have top level legal reps planning appropriate responses to anything we through at them.
If we can find it, or think it, then the oppo can also. I'm not worried about that, i'm expecting a fight and dirty tricks from the fraudsters. Our collective job is to help out were we can and expose what they've done.
BP were talked into a swaps deal, there must be emails and documents of promises made, if our evidence can prove BP were lied to then we have a collective interest. There's no way BP are putting in the man hours the CAG and others have so they need us and we need them.
If the oppo find out, good. It might just make them think twice and settle with both parties rather than risk jailtime, which will come if we can prove what we know to be true.
actually just to reiterate after a re-read: the underhanded nature of copl needs to be emphasised. it’s essential we recognise that this entire situation has been engineered by copl.
sometimes, i worry that as this process drags on, we might lose sight of why we’re here, grappling with concerns and seemingly clutching at any lifeline available. we must never lose sight of the fact that we find ourselves in this predicament because of millholland and gaffney. our focus has a danger of shifting over time—from richardson to anavio, now to the court process and a stalking horse, then to this latest document.
for a long time, i've pointed out that the true architect of our woes is millholland. he boasted about a scheme to bankrupt cuda and seize their assets cheaply. he lied continuously and used us to provide the groundwork and funds for his newly engineered asset theft. this entire debacle bears the hallmark of millholland and his accomplices: gaffney, cowan, and richardson. this is his cookie cutter process.
while our primary goal is undoubtedly to recover our funds, my deeper, more consuming dream is to see these perpetrators brought to justice in court. we are in a battle and we risk playing to millholland as our focus shifts to extremities allowing our gaze to drop from the real crooks. as the sisp is pushed through, millholland might think he's scored a point, but his arrogance will ultimately be his downfall.
unlike with cuda, who didn’t have a cag (cuda action group) and gave millholland no pushback, he now faces opposition from the copl action group who isn’t going to roll over. millholland has left a damning trail of evidence so extensive that in my opinion, he stands on more than just very shaky ground. i believe the sisp will proceed, but the true victory will be bringing down millholland, gaffney, richardson, and anavio—who at each turn seem to only make our case against them stronger.
it is this case that with the help of michael cotter, and the unyielding effort of 450 shareholders and others that will bring us the compensation and justice we deserve. let’s maintain our focus. i certainly will, and i’m committed to ensuring millholland faces the consequences of his actions.
millholland, if you’re reading this, know that my resolve is, and i hope i am not understating it here when i say, unshakeable, tenacious, resolute, unrelenting, inexorable, implacable, steadfast, determined, indomitable, unwavering, vigilant, and above all, i promise to be an absolute pain in your ****.
BP moral code
Stand firm against bribery and
corruption
We do not tolerate bribery and corruption in any
form in our business.
•Comply with anti-bribery and corruption laws,
regulations and bp anti-bribery and corruption
requirements and support efforts to eliminate
bribery and corruption worldwide.
•Work to make sure that our business partners
share and comply with our requirements.
•Do not offer or accept bribes, kickbacks or
any other kind of improper payment, including
facilitation payments.
What I am trying to say is we need BP to support us because they have been made aware of the underhanded nature of COPL, I expect the best support would be given when they realise they are in the same place as us. As it stands I expect their gripe is with KSV and Summit. We need ideally them to see this is all a COPL engineered process. I agree the paragraph is poorly worded, in fact it reads better if you just remove the 'but only' from the second line.
Anyone = How do You get in touch with a member of this BB . Thanks
‘ I do believe there could be potential in garnering support from BP, but only if we can demonstrate a concerted and covert effort to defraud and strip shareholders of assets, which would ultimately impact BP adversely.’
Stas, not sure I get this statement, surely if they help uncover this mess it puts them in a better light, as it stands they’re getting nothing.
Bp challenging the sisp is the best bit of news we’ve had in months, we need a legitimate sisp with full access to what copl have. I don’t believe they don’t have the oil, they’re still churning out 1000 barrels per day with no injection. There’s no mention of this on the province documents. Why ?
Sorry I should clarify, I should state, when I say RBM, I'm actually referring to the CAG as a collective, I am aware that behind the scene there are numerous people involved.
In my view I will simply say I have zero trust in COPL (all directors), Summit, Anavio, and KSV. The huge number of initial documents produced by KSV, some running into greater than a thousand pages, just had to have raised suspicion.
It seems totally improbable and implausible that such extensive documentation could have be prepared in mere days or weeks, suggesting a premeditated plan spanning months, obviously involving KSV as well.
I do believe there could be potential in garnering support from BP, but only if we can demonstrate a concerted and covert effort to defraud and strip shareholders of assets, which would ultimately impact BP adversely. If we can expose the true nature of COPL's actions, which I believe we can, then there may be a possibility of them aligning with us. they are after all now also in the victims enclosure.
However, I want to clarify that I am not directly involved with the CAG. While I trust them to be aware of all emerging avenues, there's always a possibility of oversights, thus I think we should all be comfortable providing suggestions.
It is though for me and I would hope for others, enough to have just voiced the opinions and know that they have been considered.
We should avoid disclosing our intentions to the opposition. Even acknowledging a good idea could potentially arm them with information. Maintaining discretion is crucial, as public affirmations could be detrimental.
While forums offer a platform for sharing ideas, we should imo refrain from expecting explicit endorsements from RBM here. It's a delicate balance to play, but I believe caution is warranted, even if it means sacrificing some immediacy or involvement. I trust RBM to navigate this balancing act with prudence and seek advice as needed. However as I say these are just my feeling and my opinions others may differ and as such everyone's opinion is equally valid.
So can BP stop this farce and put3 in a counter bid for copl with in the next 10 days, they must have experence this process
And another thing, province supposedly emailed spectrum and bp on the 11th April, just 6 days until the end of the sisp, obviously plenty of time for them to do due diligence and letter of intent, Not !! . Ksv and province have been appointed for a specific job, get this through at all costs at the lowest possible price, their job should be to get the highest possible price.
Maybe a bit harsh leew sorry for that, but I just want my money back as soon as possible and all of it, these scammers can’t get away with it