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Glosman, yes, I have increased my holding twice and sent revised screenshots to the group, including today.

Saintnick.....it looks as if one is selling on the open markey and the other is buying. But we don't know yet where half of the Anavio shares went to, they received about 1.3 billion, I think, and only declared a holding of 600 million or thereabouts, and they were supposed to have sold the rest to another party at 0.15, way above market price. Lots going on that we can't see, but hopefully the FCA etc. are busy looking at this!

Ref my post below, bear in mind that quite a lot of the debt quoted by COPL is to the BHs so paying us off and clearing the SL debt would make it a very cheap deal for them. So we need to keep at them, our PI shares are worth a lot of money to them!

All the talk of buyout yesterday! As bondholders convert, take interest shares, exercise warrants, and the dilution continues, they end up getting all their money back and owning massive amounts of shares for free. Although we would be diluted, we will still own our shares. Let's say there are 500m shares in PI hands. And maybe with all the dilution the bondholders are actually in profit. Then the bondholders together could offer us the 8p mentioned and own all the assets for only 40m GBP, crazy cheap even after paying off the debt. Even if they offered 20p, it would only cost them 100mGBP to own all the shares in issue. Maybe this is their plan, still fleecing us and taking away the opportunity to participate in the big discovery/discoveries, but making us feel as if we did well to get out? RBM, how many shares may be in PI hands?

Saintnick: From 13th December RNA, last conversion:

2027 Bonds principal outstanding: $10.6 million (53 bonds)

2027 Bondholders: 3

2028 Bonds principal outstanding: $10.8 million (54 bonds)

2028 Bondholders: 3

So between 3 and 6 bondholders.

800,000,000 shares traded so far today....a busy day again! Just over an hour to go so we could easily pass 1 billion today.

'Lots more conversion too come plus the suspected fund raise so quite a few billion more shares to issue yet. '

Realistically we should be priced now at the maximum number of shares that could be issued. So if the SAG were able to prevent the issue of many of the shares, or reset the bond conversion price higher, then we would get a large re-rate instantly.

Saintnick: 'Sharebel - shares not bought on open market this was an issuance due to warrent conversion.'

It was a conversion payment, interest, if it had been from warrants they would have had to pay COPL for the shares at .15p. See the RNA dated 30th January.

Saintnick.....on 31st Jan RBMInvest said: 'We understand Tosca are a bond holder, but are no fans of Anavio.' So if that is correct they will not be acting in concert but maybe Anavio are buying up the Toscafund shares on the open market?

Leew: 'Why take that position when existing BH have complete control over the company SP currently based on their terms.

There is no logical reason why a “3rd” party would take that % unless they were significantly aware of the next steps in the dance. '

They didn't buy the shares, they are interest shares due pursuant to a previous conversion, so they didn't 'take' the position. It looks as if they are selling a lot of the holding today, volume so far over 500 million shares. Obviously they sold all the ones they received on the conversion before they needed to issue a TR1.

They didn't buy the shares, they were given them!

This thread from 31st Jan

We already knew this a couple of days ago. There is a current thread about it.

On the Facebook page it said on 10th November 2023: '41-22V Well kill with coil tubing complete. The injection has now resumed at the offsetting 28-38V injection well' You can see the GGS unit in the photo.

So there are 3 people listed on companies house: Peter Kravitz, appointed director 23rd January 2024, and then two secretaries, both appointed in 2011 and current, Robert Brant and Faralee Allyn Chanin. Neither secretary has any other declared UK appointment. Nor does Kravitz.

I guess that the question is: Did company destroyer Richardson resign as part of the plan to let Anavio in or was it because of shareholder pressure? I am inclined to think the latter, as it has been done without even notifying the market. He still appears as Chairman on the website, but on the UK register he is no longer a director of any company.

However, Canadian Overseas Petroleum owns Canadian Overseas Petroleum Uk Ltd so is this resignation to try to avoid the group action?

So Richardson gone, but no RNA? I expect it has just happened, RNA tomorrow? It looks as if he has backdated his exit, maybe?

RBM, I bought a few more this afternoon, I will update my holding by email tomorrow morning. I am hoping that your excellent progress will give us a boost!

Hi RBMinvest, I have received the email (twice!) and will reply when back this afternoon, with screenshots as requested. 147,000 GBP down, so I am very keen for this to work! In the meantime, surely this will influence them in their decisions on the way forward?

Glosman: 'It would be nice to hear what RBM and share group are hoping to achieve'

Lagueule: 'We do need to hear from RBM though. '

Yes, I emailed the SHG yesterday, no reply yet.