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Monty,
That wasn't given. Some will pay a small fee, most will pay around £300 and some will pay no more than £550. Given my impression so far is its going to be no stone left unturned. I was a little skeptical before today's zoom, but not now, folks should get onto these calls, he does answer some q's at the end. If anyone is unsure try to get onto a call and see for yourself or watch the video when it comes out, there will only be a couple of weeks for folks to register and become clients so its now time for the fence sitters to make their minds up either way. He's been very successful in the past on multiple cases.
Regards,
Ed.
Is anyone able to give the fee brackets yet or is it dependant on uptake. Im just shy of 25k.
B3ast, do your research, COPL is not AIM.
https://www.londonstockexchange.com/stock/COPL/canadian-overseas-petroleum-limited/company-page
"How do you protect yourself against massive fraud?"
Unfortunately through bad experience (Cloudtag). Once you have seen it the signs become a lot more obvious on other shares. It's my opinion that AIM is not adequately controlled or scrutinised by the FCA and as such CEO's are allowed to get away with far too much at the expense of innocent shareholders who just want to make some additional returns for their families.
Awarded stupidest post last week and now continues now to be Share Clairvoyant of the Year by telling us the share was tanking in his/her first COPL post below, Dec 2023.
Talk about stating the bleeding obvious after the horse has bolted, where do these geniuses come from, as much use as a wet f4rt.
B3ast
Posted in: COPL
Posts: 400
Price: 0.725
No Opinion
RE: Jv19 Dec 2023 15:23
It's rare for anyone to actually want to buy these oil AIM companies, they're usually a vessel for PI's cash into board pockets.
Of course there is the odd exception
I like that response B3east. Quite witty.
How do you protect yourself against massive fraud?
Lloydy
"B3east
If you said good night to me I would check my watch before answering you mate.
Lloydy"
It seems you have learnt to be more cautious, that's good. The writing was on the wall here long before the suspension
B3east
If you said good night to me I would check my watch before answering you mate.
Lloydy
"Thanks mate - il will do the complete opposite of what you say or suggest."
Lloydy if you had done the opposite of this you might not be sat on a total wipeout
Cheers, saintnick, I agree there must of been a potential JVP, it was in several RNS and all the usual suspects at one point had their names at the bottom of these RNS, Mulholland, Richardson, Cowan, Gaffney.
Bring on the Class Action.
Saint yes this has always been a question never answered and bloody annoyed me, I mean come on how quick it all was
‘PK and Province REPLY to Arthur and Tom Dec 19th accepting the gig so they obviously contacted him weeks or months before the JV pulled the plug.‘
Well now looks like BP might just fight back and unwind this quick sale SHB nonsense as they are arguing against it! IMHO DYOR
SteveV - it doesn't look like scheming to you?
Ok, just on the basic timings this stinks. 15 months of DD and a LOI whilst £m's raised to upgrade BFU but not delineate CC (or did they, 2 undisclosed wells?).
Continued use of Anavio but no equity raise with shareholders (written into the contract - Robert Brant, sterling work) and then it all falls down.
But, and here's the kicker, the JVP jumps ship Dec 18th, Summit issue default notice on Dec 20th, PK and Province REPLY to Arthur and Tom Dec 19th accepting the gig so they obviously contacted him weeks or months before the JV pulled the plug.
Why did Summit, with first lien debt against the assets, allow Arthur to sign up and keep returning to death spiral financing? The bonds could have been bought out but instead they all allowed this to happen. All of them.
Does anyone not think it is very odd that neither the company or PK who both got the shorting information (that guy who highlighted it on here was truly terrific) but didn’t contact the authorities in Canada or UK? PK amended the affadvit application slightly to include but that’s all there was no actual full detail. He told one shareholder the following in response to asking if they had informed the regulators of this shorting action which I find quite shocking! He was afterall interim CEO at the time. I think this shows the measure of him and to think once I thought he would be the saviour!
‘Anavio is not the senior secured lender, the stalking horse bidder or actively participating in the sales process. If you have concerns with their prior behavior you should pursue them yourself. ‘
that says it all doesn’t it. This is why we absolutely need to get that general meeting back on asap. We should all be emailing him and asking, nay demanding! IMHO DYOR
I don't think the demise of the JV and subsequent events is that Machiavellian.
I think Summit were waiting for a sizable JV amount so as to pay back some/all of their loan.
The JV were probably offering way less than was hoped for and Summit scuppered any deal which would have been great for COPL but not for Summit because the JV would be taking away some of Summits secured assets
Alfresco - re your 13.30 post, there might be a 3rd solicitor in our team, James Wilkes.
Just checked on Mr Barry and the SRA have nothing issued against him. All 3 listed are regulated people with no regulatory decisons published and all linked to Setfords.
https://www.sra.org.uk/consumers/register/organisation/?sraNumber=8006648
Green boxed
Adnauseum - tbh, i think it was real otherwise issuing the LOI notification in July 23 was just plain stupidity. With all the effort put in to release shareholders of their dues, a mistake like that seems unlikely.
On that basis, 15 months of due diligence by the JVP suggests there is something there hence all the cloak and daggers to bring COPL down, or rather just remove the shareholders.
Subpoena all involved and we'll get the truth. If AM, RG et al made it up then get them back to Blighty under the bilateral UK MLA agreement we have with Canada as these crimes were committed primarily against UK investors regardless of where the company is incorporated.
B3ast, congratulations, you win stupidest post of the day.
Most of us were 99.5% down in January, pointless selling, something could come up and it has.
Class Action.
B3east
Thanks mate - il will do the complete opposite of what you say or suggest.
Lloydy
Their company website at ceclegal.co.uk is a strange one, never seen that before.
The domain name itself was first registered on 02-02-2024 so probably soon after when the CAG contacted them and specifically for this Class Action, is this normal?
B3ast, hero we should have all listened to you!!!
And the below on 11th Jan
""4. Within 45 days, an agreement with the senior lender on a process and milestones for either a comprehensive sale of the Company's US assets, a foreclosure of the Company's equity interests in its US assets or a "take out offer" in an amount satisfactory to the senior lender."
IMO there's a high chance of shareholders losing everything here.
I wouldn't average down, I wouldn't buy in even for a punt. It's like catching a falling knife"
I posted the below on 16th Jan - why didn't people listen?!
"The writings is on the wall here, shareholders are getting massively diluted and they would likely need further liquidity down the line. There was a nice bounce to be had for anyone who swung trade but the overall trajectory here is down"
No....two doors to the right of the one with the scaffolding and one to the left of the one with full scale scaffolding....17 on the glass above the door.
Waddaweknow....I think it is the one with the scaffolding