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Started: Un_Known, 15 Jun 2024 15:37
Last post: SteveV, 15 Jun 2024 20:54
It's just my opinion Saintnick.
I don't think the CAG and Mr Cotter will be targeting Summit. Do you?
On what basis do you know Summit have done nothing wrong?
I've noticed in a few of your posts you seem to be very keen to absolve Summit of any responsibility in this whole sham.
Can you clarify on what basis you think these particular money men are better than the other money men who sunk us? Summit could've stopped this at any point but didn't. Summit now own the assets which was always going to be the outcome in a death spiral finanace deal that they approved.
Only one loser in this scam, us. Everyone else including Summit have benefitted.
They own the assets they can do what they want.
BUT they won't be doing any favours to shareholders. They are money men and have done nothing wrong.
We will get nothing back from them.
Our only course is to sue the BOD and Anavio. They are the ones that caused this.
Will that do us any good tho?
Summit are preparing for something substantial.
Started: Adnauseam, 15 Jun 2024 19:28
Last post: Adnauseam, 15 Jun 2024 19:28
WHAT IS FRAUD?
A fraud is committed when someone gains something from false representation. Directors can be held civilly or criminally liable for making misleading statements or misrepresenting facts, including to other directors, investors, shareholders, or customers.
https://www.ledinghamchalmers.com/news-views/what-should-i-do-if-i-suspect-a-fellow-company-director-of-fraud
Good evening.
Started: Hipsway, 11 Jun 2024 11:52
Last post: Doc83, 14 Jun 2024 21:32
To confirm, I received confirmation from Michael Cotter on Tuesday that my proforma was received and details re payment should arrive next week.
Mine arrived.
Still waiting for mine too.
Thanks, RBM.
Not all emails have gone out yet.
Started: meowcat, 11 Jun 2024 10:22
Last post: dusterhater, 14 Jun 2024 19:40
I see, OK thank you for that afnauseam 👍
Duster, I received updated email on 11/June, Tuesday, told that we will be invoiced next week.
Anybody been invoiced as yet 🤔😮
Perhaps that is an incentive for them to keep us as Shareholders Maid. If they have intensions of continuing as a going concern and require cash, why not right the other debt off, especially Annavio, creating value, then do a raise with existing shareholders to keep the company going and either a) Realise true SP value or b) Make the asset more attractive to buyers and perhaps sell it for greater than the ridiculous numbers being touted now.
Maid, I assume you know the difference of what BP where doing and what MC will be doing for share holders, so the suggest a multibillion pound company failed means we would fail is very strange given the 2 processes are completely different .
Started: Ryan2007, 1 Jun 2024 02:32
Last post: leew, 11 Jun 2024 08:51
Thanks RBM, a huge amount of collating data and verification going on no doubt 👍
No, referring to the second stage info/instruction email that is due to go out imminently. We’ll seek confirmation from Mr Cotter today, we have a conference call booked with him later. CAG
RBM - some still haven’t had the first stage email acknowledgment. Is that what you’re referring to? Thanks
SM
It was stated pretty clearly on the zoom calls that this initial stage could take 4-6 weeks, did you join one of the calls?
CAG
"Our understanding is that ‘next stage instruction’ emails are due to go out this week, those should answer all your questions.
CAG"
Terms and conditions/payment information? I haven't heard a thing yet since filling in the PRO-FORMA RBM.
Started: TIA1, 10 Jun 2024 11:38
Last post: maidit308, 11 Jun 2024 07:57
That's a really good link'' TIA'' and one BP should take note off'' in any further appeal IMO
Https://gowlingwlg.com/en/insights-resources/articles/2023/ontario-court-rejects-reverse-vesting-order/
Above link could be the opposite of what was being performed by a select entitled few.,,,hard earned labour money ,,willing and ready to be paid to our legal teams efforts,,,,,thanks all. For your very speacial free time on this one..a great bunch of decent people coming out from society,,,together,,good luck all...
Started: Bolton16, 10 Jun 2024 09:05
Last post: Bolton16, 10 Jun 2024 09:05
Just checking in. Hope everyone is well been nice being out of the share game, never more relaxing lol. Signed up to everything just wondering can this one day still trade or as that ship sailed. Don't read anything anymore happy Monday to all...
Started: Stas20, 8 Jun 2024 13:18
Last post: Stas20, 9 Jun 2024 17:44
No idea what it means just spotted it which on an info search. Seems to be some aspects in the future being the date of the 12th yet it highlights hearing dates of the past, was wondering if anyone had seen any reference to June 12th for anything specifically scheduled.
Whats it mean stas20?
What does all this mean please
Has this been noted
https://media.deb.uscourts.gov/moveit/JTD.html
Tuesday 06/12 (US date format, 12th June)
11:00 AM
5th Floor Courtroom 5
24-10376-JTD Canadian Overseas Petroleum Limited and Canadian Overseas Petroleum Limited Ch. 15
Motion For Sale of Property Free and Clear of Liens(FEE)// Motion of the Foreign Representative for Entry of an Order (I) Recognizing and Enforcing the CCAA Vesting Order, (II) Approving the Sale of Substantially All of the Debtors Interests Free and Clear of Liens, Claims, and Encumbrances, (III) Conditionally Approving Dismissal Procedures For Debtor Southwestern Production Corporation; and (IV) Granting Related Relief Fee Amount Filed by Canadian Overseas Petroleum Limited. Hearing scheduled for 5/21/2024 at 02:30 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom Wilmington, Delaware. Objections due by 5/14/2024. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B) (Flasser, Gregory)
Started: Sharebel, 5 Jun 2024 23:29
Last post: leew, 8 Jun 2024 11:03
I imagine it has no effect as BP were appealing on the back of something fundamentally different to what the MC will be.
Yes that's what I was thinking spaceman, I just wanted to throw it out there to get peoples thoughts on the subject, would be good if BP supported us also ( maybe contribute towards our financial costs for example) 🤔😮
Entirely different thing they are targeting summit we are gunning for everyone that caused this mess. They know who they are...
Yes bp got no where with their top Lawyer, so how does this effect our class action🤔. (may not have any affect at all I don't know 🤔. Any opinions on this
BP couldn't get a result with their own lawyers. They could afford to take any avenue available should they wish. MC must of been bowled over with registrations as i still haven't heard a thing from him.
Started: Batiatus, 7 Jun 2024 10:01
Last post: Batiatus, 7 Jun 2024 10:01
Checking back in here after a few months.
I knew this was going into suspension.
Where is RBM or whatever his name was
Started: Ryan2007, 4 Jun 2024 15:24
Last post: maidit308, 4 Jun 2024 17:11
It seems like summit lawyers is trying to make it look like BP is arguing with the court in both jurisdiction Canada & America ? as it's not about them is'' LOL!! it sound like Summit want to influence the Judge IMO, by quoting previous old court case where approval was allowed to go ahead and wasn't questioned ? they sound like they are SHT--ING themselves TBH now that they have come up against the grand daddy of the oil industry with plenty of muscle
the case continue..
They are still refusing to leave out the DIP in there statement THO'' calling it DIP loan and DIP lenders ? that the judge strike out last time as it conflict with C11 cases and this is a Chapter 15 CCAA I wonder why ? perhaps that will go against them IMO, ? and also there objection to BP Seems to have holes in it'' as it was all about the stalking horse £11m + £2.5mand no mention of other bidders of interest ? and again this is another thing that could go against them as it all sound too pre plan pre Pack for the lenders well before any sale ?
but I could be wrong off course ?
we will see
Filed under motion materials
https://www.ksvadvisory.com/experience/case/canadian-overseas-petroleum
Copl and summit have submitted their objections to BP’s attempt to appeal in Delaware
So judgement has been made but not filed yet obviously it is 5.20am so will keep an eye once their business day begins. You can see the filed judgement decision here and get it emailed I think when it does. IMHO DYOR
https://albertacourts.ca/ca/publications/judgments-to-be-filed/2024/06/03/canadian-overseas-petroleum-limited-(re)-2024-abca-190---appeal-no.-2401-0132ac-(reasons-for-decision)
and it should also appear here:-
https://www.canlii.org/en/ab/abca/
SHARE, said we should know later on today if BP appeal have been successful ?
we await the judge decision, and I'm sure share is keeping his eyes peeled in that regards and will post the result when it becomes available...
looking forward to it''
GL BP from those of us that support you, and the CAGS efforts as you are the only one with the Balls / £billions in the bank to object and stand up to these crooks
ATB what ever happens
Drlong, this was discussed over the weekend.
Hi
Does anyone have a link to the proceedings.?
What will this change for us in the scenario of a win/loose for BP?
Thanks
Started: Stockpile1, 2 Jun 2024 22:47
Last post: montenegrinnn, 4 Jun 2024 11:33
It would be really nice to know more about this.
I hope so as cash unfriendly at present.
Good question, will find out.
Genuine question for RBM: are we gonna be able to pay the fee with credit card or is it going to be money transfer? Thanks
Started: Adnauseam, 1 Jun 2024 19:12
Last post: Montyfino, 1 Jun 2024 20:21
Ad.
Yes i said a guess. I got out as i didnt want to lose all. Any deal if you bought in at 35p would be pointless.
Monty, you are guessing again, LTHs were already 99.5% down come December 23 and still hoping for a JV which was still on until it was terminated in December, we had nothing to pull out, we hoped for some sort of restructuring.
I stayed in hoping for something to materialise, it did, Class Action.
I remember reading MC said the average investment was approximately £25k-30k, so that is quite a few LTHs.
Apologies on spelling below...Millholland.
My 50% was as i said a guess. I got out a few weeks before the death and i would assume most long term holder did too. The ones left holding the baby were the traders looking to make a few quid.
"It is looking like the CAG are hoping on some kind of restructuring by Summit that would include shareholders".
"I would also guess that 50%+ of the cag had sold out of copl........"
Where are you getting this information from.........nowhere, you are making it up out of frustration.
The Class Action is the prize, this is how we are going to have any chance of getting some money back, were we lied to, whether deliberately or by naivety by Mulholland.
I am now thinking that the 1bbl was over exaggerated and Ryder Scott backed it, if that is the case this it could be open season.
Do not forget Mulholland in all of this.
Started: Denarius1, 31 May 2024 08:37
Last post: maidit308, 31 May 2024 12:05
Morning all CAGS & different opinion on here, so the next court date to look out for is the 5th June and my luckiest month'' of the year, I really do hope some of that luck rub off on BP and everyone hoping to get something back from this purported fraud.. keep up the good work, AND YES DEN no one is above the law even if you get $500k war chest to hide your crime
ATB
“No one is above the law. ... Donald Trump has always mistakenly believed he would never face consequences for breaking the law for his own personal gain,” —Coming to a courtroom near you soon COPL
Last post: RBMInvest, 30 May 2024 18:51
CAG (quite understandably) will not be discussing any legal plans or representations on an open forum, a forum where many posters are relatively new and identities remain unknown. Mr Cotter shall be deciding upon the best legal strategy to adopt. Unlike ourselves, he is fully qualified and experienced in this field.
I still wish to know if there is any possibility that the CAG can make any representation to the courts with the information we have at present or is that not an available option open to us ?
Stas 20 -I vote for reason 2.
As President of COPLA on a high salary he was tasked with getting the JV over the line and to increase production at BFSU.
He failed miserably at both and yet he is probably still drawing his salary at COPLA to this day.
Do we know as fact who the potential JVP was and why they walked?
We are in the position we are in because of the untruths, incompetence and financial mismanagement of Arthur Millholland.
in my opinion i would suggest that art stepped back for a number of reasons, these likely include but were not only the following;
1. to allow 6 months between him leaving as ceo and the eventual shenanigans he knew were going to unfold, he would likely try to distance himself from the fallout and blame other directors, they of course will blame art as leaving them with a **** show to deal, the outcome, with multiple in house blames try to ensure there is no one specific person to take the fall, this is i expect a standard rouse of arts create confusion and opaqueness.
2. so that he did not need to sign up to the bonds and thus forgo any salary.
3. as a non director he is free to trade as he so wishes without making any declaration.
just my opinion of course, no accusatory statement in fact :)
The defrauding was also to lock out the bond holder Anavio too, which pains me to say. I will add their subsequent destruction of the company through dilution was something I think would have taken Art and Sumit by surprise too.
Started: Sharebel, 30 May 2024 15:26
Last post: maidit308, 30 May 2024 17:13
Thanks for that Share'' well they certainly have enough SUBS to hide all the money they fleece from there investors and small stake holders like BP that's for sure looking on the list
Canadian Overseas Petroleum Limited (8749); COPL Technical Services Limited (1656); Canadian
Overseas Petroleum (Ontario) Limited (8319); Canadian Overseas Petroleum (UK) Limited (7063); Canadian
Overseas Petroleum (Bermuda Holdings) Limited (N/A); Canadian Overseas Petroleum (Bermuda) Limited (N/A);
COPL America Holding Inc. (1334); COPL America Inc. (9018); Atomic Oil and Gas LLC (8233); Southwestern
Production Corporation (8694); and Pipeco LLC (0925)
EYE OPNER FOR SURE...
Https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/canadian-overseas-petroleum/chapter-15-proceedings/motion-materials/di-57-as-at-may-22-2024.pdf?sfvrsn=5cd702b5_1
As this is 5th June to be heard approval of AVO re Chapter 15 US looks like it may have to be stayed as appeal against AVO in Alberta court by BP won’t have been decided yet by 5th or may be on same day as would just be within 7 days for decision by Appeal Judge If I have got that right? IMHO DYOR
Started: Sharebel, 26 May 2024 09:50
Last post: Ryan2007, 29 May 2024 15:43
The meeting hasn’t started yet, 4.30 our time I think
Unfortunately won’t let me view the meeting 🥲
Starts 9.30 (calgary) in about 2.15 mins UK time here is the link if you want to view BP/COPL court room action/visual/audio
https://albertacourts.ca/docs/default-source/ca/calgary-current-single-judge-(chambers)-hearing-list.pdf?sfvrsn=d9a5d980_1459
I am hoping that fairness will prevail and BP are allowed to appeal to give us longer to restart process to sell our assets for a fair price. IMHO
I've been a silent holder for several years but feel compelled to thank RBM and the CAG cohort, and Stas, for all their efforts in trying to secure a better outcome for shareholders. Anyone who has been here for any length of time knows that LTH's have been conned out of their money through blatant lies, corruption and financial malpractice by quite a large number of people. This whole ferrago was quite some time in the making and planning and was an orchestrated scam, effectively. This will be my only post as I really do just want to publicly acknowledge the work done by the CAG et al to secure some justice, at least. Best of luck to all honest holders. My details, ID, loss amount etc have all been received by Mr Cotter's team so I'm in and will see this through to the end and will pay my Stage One contribution. Atb
Law abiding BP could put this in a even stronger position, be the interesting to see what happens on Wednesday
Also they're looking for a greener future, BP must have like what they saw before getting involved in the first place
Started: leeman2424, 28 May 2024 08:31
Last post: maidit308, 29 May 2024 15:36
RYAN'' back up plan for COPL you talk about if all else fails would be the ones they spoke about before the court case that is to give shareholders a chance to participate in any fund raise and lift suspension...
BWTFDIK
It looks pretty suspicious to me.
KSV law firm: Cassels Brock & Blackwell LLP
Anavio law firm: Blake Cassels & Graydon LLP
Both firms operating from:
Bay Adelaide Centre - North Tower 40 Temperance St, Suite 3200. Toronto ON M5H 0B4
What are the chances??
And why use two different named clearly linked law firms?
Summit brought in KSV via Province.
Summit didn't stop Anavio when they could and should of.
KSV and Anavio now have the same law firm, who is the link?
Harry, well it’s a sorry state of affairs if a judge can just pass something through on the say so of a corrupt bunch of individuals without doing any research whatsoever to check that what is being presented is legitimate. And also regarding things being overturned in the future , who is going to do that, there has been plenty of time for objections but no one seems to be doing anything about it, and I’m talking any big players involved in this besides BP
It’s funny how COPL have had no objections to any of this, in fact they’re trying to force it through because Richardson, Anavio, Kravitz, summit etc are in charge and running the show. Why hasn’t Arthur objected or Cowan, what’s their role in all this. I’m sure the class action will shed light on this eventually should all else fail
There was a lot of people highlighting to The CRO that his affidavit was silent on the discovery despite it being public knowledge. These concerns were brushed asides, however they are on record should the need arise to resurrect them at a later date.
I surmise all parties have something to gain by it slipping through the net as is, bar BP as 2nd lien debt holder. The judge only looked at what is put in front of him, in fact the CRO and the companies relied on that fact.
I would like to think someone is now flagging the material shortfall in the submission and the scammers are relying on it to be passed through with court protection given to them on the result.
However I still think if wilful material deficiencies can be demonstrated in the submission it can be overturned despite what the CRO would like at a later date.
Started: JJT123, 28 May 2024 11:07
Last post: spaceman07, 29 May 2024 11:51
I've sent the pro forma in ages ago waiting for acknowledgement still.
I submitted my info on May 7th, no reply yet, so I have sent a further email today.
Got mine too
Sorry thought you said info, I see you said into 👍
I'm the opposite, I want to read as much as possible and kept in the loop as much as possible, what ever amount Mr Cotter shares or not shares as he wants.
But yes I agree all down to Mr Cotter now, I have complete trust and faith he will do the business for us. 👍
Bring it on 👏
Started: Ryan2007, 28 May 2024 01:35
Last post: maidit308, 28 May 2024 10:35
Thanks for that observation again RYAN'' RUN OUT OF MONEY INDEED'' and running scared that a multi billion dollar CO that would pay $1b if that have to to stop this steal so they don't get there hands on this billion dollar asset for £13m DIP financing and £500k lawyers fee
ATB
‘Proceedings must be completed on time or they will run out of money.’
I thought they continue to pump 1000+ to cover costs.
Also, it states it would hinder the Copl Group's restructuring!!!
What do we think that means?
So not looking like anything good happening for us shareholders with bp
Under motion materials
https://www.ksvadvisory.com/experience/case/canadian-overseas-petroleum
Copl and the monitor not happy about the request to appeal by BP , saying the proceedings must complete on time or they will run out of money and that bp have no basis to appeal
Started: hillybilly1, 28 May 2024 10:23
Last post: hillybilly1, 28 May 2024 10:23
...... COPL ......... Art the fart and Pinocchio . Who lied the most and came out clean . A must watch and Art obviously got found out in the end . Enjoy
Started: Ryan2007, 23 May 2024 18:14
Last post: wwal17, 27 May 2024 22:17
Stas our very own Alan Bates! (Post office scandal)
With BP not happy with the speed at which all this happened,surely this will help our case that maybe this was all planned over several months.No way could this all be organised and submitted in such a short space of time,Thoughts?
CAG have had discussions with several parties, over several months. Everything was always noted for future use. We may, or may not have had access to the data room, but there was never any possibility of CAG bidding. Everything we have done was with a view to gathering evidence and we have done so to a degree that places us well for our future action. Under instruction from Mr Cotter, we will NOT be discussing any of the far reaching information that we are in possession of, but we feel we’re in a very strong position.
The cag representative contacted the monitor and stated ‘ we now wish to enter the bidding process’ how was this to be achieved ?
Just as a side to this, the CAG are mentioned quite a bit in Kravitz affidavit having contact with province, can anyone elaborate on what the CAG actually discussed with Peter Kravitz ?
Looking forward to the few years of interest I'm likely to be owed
Started: Denarius1, 24 May 2024 13:24
Last post: Denarius1, 24 May 2024 13:24
Just listening and watching the Post office enquiry on fraudulent accounting and gross mismanagement .
Those at the top are now breaking down in tears , as the accusations flood in from the lawyers. I hope the FCA is watching not to mention Annavio, Richardson, ,Cowan ,Gaffney Millholland and all those others little charmers. who might be breaking sweat now .