Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Rodney, re-reading this again been out all day. So does that make Peter Kravitz one of the good guys, doing his work to ensure summit got the assets and nobody else got their grubby mits on them ? It’s all starting to make some sense. Sorry if I’ve come across as a dog after after a bone but it’s just the situation we have been in makes be query everything. I’ll let you guys get on with it and thanks again for the post.
Thanks for the reply Rodney. That’s an interesting take and gives us some hope. do Anavio still hold a large proportion of the shares ?
I wish i had your optimism. PK and Province were called in way before the default notice but also before the mass dilution of the extra $2.5m and resulting 3.7 billion shares.
That said, there's nothing i can personally do to affect any of it so i'll go with Summit possibly helping scenario and see were it leads. Role on June.
In my opinion they did, yes.
Anavio, via Tom, diluted as much as possible, did not inject gas, then trashed the JV. They could then aquire for peanuts. I assumed that Summit were working in collusion but are you (Rodney) suggesting that they stepped in to foil their dastardly plan?
Could you elaborate? I'm not aware of as many of the facts as you guys and i, like many others, just feel shafted by all involved.
Anavio, installed by Arthur, short sold via insider trading as far as i can see so lock them up. What i don't see is how they could acquire COPL without Summit stepping in.
In what scenario could Anavio get away with that? If anything, they did everyrhing possible to avoid 30% ownership, which would trigger a bid situation, using Tosca.
The default was triggered by mismanagement from the inside, are you saying that despite Tom being at the helm, Arthur was clever enough to orchestrate the default without Anavio and Tom realising? If so, maybe we should all be thanking Arthur??
Many thanks Saintnick.
Have a think about Anavio and what they did to try and acquire COPL for peanuts.
Good points saintnick
@Stas
https://www.law.com/international-edition/2019/05/09/cms-sacks-partner-as-sra-steps-in/
RodneyT - I fully respect the below is your opinion only but given you are closer to the information than the vast majority of us, could you please give your take on the following:
1. How else could the protagonists acquire the COPL assets apart from via a default followed by successful stalking horse bid?
2. Do you think the planned theft of the assets has actually been thwarted, or is this Act II of a longer story?
3. What was the point in destroying the company from the inside if not to create the scenario we are now in?
I've said previously that big money attracts the big players, and we're talking billions here, so I'd be surprised if it's really as simple as Summit stopped the game. They were the only one's who could place the ridiculously cheap stalking horse bid, without them the plan doesn't work. Arthur's still got a job and Tom was installed by Arthur but placed by Anavio.
I'm not so convinced but would be relieved beyond words if Summit actually turned out to be an honest player in this whole charade.
Excellent reposte Rodney , very informative for us all .Thankyou
Many apologies Ryan, I have been busy today but have time now to address your queries. The comments below are my opinion and we are all entitled to have an opinion.
1. I remain hopeful of a reasonable outcome at Summit.
2. Summit wish to detach Anavio from COPL's valuable assets following Anavio's behaviour over the last 2 years. I do not believe there is evidence that Summit wish to detach shareholders from those assets (or, indeed BP either).
3. Summit will acquire the assets in due course - 17 June in all likelihood.
4. At that stage, Creditors and equity holders remain within COPL.
5. COPL's assets will be extracted by Summit as a result of their lien.
6. BP does not have a lien on the assets so it was opportunistic by Mr Pontin to ask Mr Justice Yamauchi to be treated 'pari passu' with Summit.
7. My opinion is there is scope for Summit to select parties within COPL at that stage in relation to 'what happens next'.
8. My opinion is that the codified treatment in the event of insolvency will apply to |COPL but then fact that the assets would be with Summit as a result of the lien gives Summit an element of discretion.
9. I do not believe that Summit were targeting small shareholders in their recent actions. I believe the sole target was Anavio. Summit have an outstanding reputation in their market which I am sure they wish to keep. Based on my inspection of PK's Affidavits, I believe that Summit could have grounds to take legal action against Anavio and would therefore not be surprised to see Summit commence legal action against Anavio in due course.
10. Michael Cotter and his partners including Joel Barry have excellent legal backgrounds, a brief review of the Law Society website shows this.
11. Mr Cotter is obviously very keen to get started. Obviously Anavio and certain COPL directors and management will be on his initial list of targets and more may follow.
12. With the above in mind, I envisage a busy few weeks with Michael Cotter and his team working on the Class Action (he has some wonderful evidence already with more coming) along with Summit moving matters along so that they stay within the law but do not put their hard earned reputation in jeopardy.
The above is my opinion Ryan. Apologies again for the delay.
Will Cathy Hume at least be contacted to give a statement or release all the emails that were sent by concerned share holders over the past 2 years. We were ignored and communications broke down why? she’s the perfect person to integrate.
RBMInvest Appreciated.
K
Question - will Mr Cotter also be submitting all evidence to relevant police investigation agencies regarding these fraudsters to hopefully initiate criminal proceedings 🤔
Thanks.
"Also why was JOEL BARRY sacked by his previous employer?" do you proof of this?
https://brandsmiths.co.uk/blog/view/brandsmiths-names-joel-barry-as-its-latest-partner-
We have already forwarded it on. Thanks.
Received. We have forwarded directly and shall report back to you.
Question for Mr Cotter
In the event a claimant passes away before the end of a successful claim .would the estate of the deceased receive the claim
Or does it die with the claimant ,
Have emailed the question
GLA
RBMInvest - I have just emailed that to and would appreciate an acknowledgement.
Many thanks.
Not at all. Forward us the email you sent him to coplsharewatch@gmail.com
Thanks
On the 6th April2024 I emailed in detail ( as we were requested to do ) to Mr M Cotter to
coplaction@ceclegal.co.uk the shares which I hold in COPL. I know that my holding may be only a fraction of what other investors have and as yet I have not received an acknowledgement from Mr Cotter. Is it because the amount is insignificant for Mr Cotter to look at.
K
Has anybody been in-touch with our Ex shareholders communications, Cathy the snake Hume and find out what shes doing with her shares ? did she join the group ? considering she was paid in shares for her services and declared she hasn't sold any in a grovelling email to us shareholders i would think she’d jump at the chance.
Also why was JOEL BARRY sacked by his previous employer?
K
I agree but can't see it happening unfortunately 🤔😢😮