Member Info for alfresco

'Still converting.'

This is not a bond conversion, it tells you in the announcement.

'The controlling shareholder is anavio, get your facts right. Goodness me'

Brattus22, Anavio is not currently a shareholder.

43 loveday road ,Ealing London W13 8JT

If I didn't live out of the UK I woud be keen to have a chat.

If Anavio want to sell down to below 20% by the allocation date, at this rate they could do it.

Https://www.justgiving.com/page/ryan-gaffney-1692272600856 He hasn't been able to remove these comments though.

' Ryan is reading this BB, he keeps reporting posts with his name.'

Instead of looking after our finances........

Don't forget that if the placing completes the dilution will mean that their ownership is lower. Maybe they will forward sell enough to drop under 20%.

Https://www.fasken.com/en/knowledge/doing-business-in-canada/5-acquiring-a-canadian-business This is the article, there are many others on Google.

I wonder if we will hear about these? Maybe the cash has partially been spent on them.

From Fasken.con found on Google:

'The threshold for triggering Canadian take-over bid rules is the acquisition of 20% of the voting rights of a corporation. As a result, the purchaser may wish to gain an initial position or ``toehold`` in the company prior to announcing the take-over bid. The level of a toehold will depend on strategic considerations and whether the acquioror wishes to disclose its position before making the bid. In Canada, the level at which a holder of public company shares is first required to disclose its position is 10% as opposed to 5% in the US.

If a purchaser acquires 20% or more of the voting rights – whether alone or working in conjunction with other parties (a purchasing group) – the purchaser will be required to offer to purchase the shares of all of the registered shareholders of the same class unless an exemption is available. For example, a private agreement exemption can be a critical tool for those seeking a creeping acquisition, as opposed to an all-or-nothing acquisition.

Under a private agreement exemption, the consideration for the shares cannot exceed 115% of the 20-day trading average of the company, and there can be no more than five parties tendering their shares to the purchaser. In addition, the normal course purchase exemption allows for open-market purchases not exceeding 5% of the company’s shares in a given 12-month period.'

So many green boxes today......

Tiburn......15th November:

'Since the third quarter in 2023, COPL was able to use working capital to increase NGL injection at the BFSU at double the rate compared to recent periods.'

Implying that NGL was being injected?

October 2023

'· The increased equity financing and debt and hedge restructuring provide COPL's group with more than $17 million in investment support from its largest financial stakeholders. This financing package is designed to ensure the Company is fully financed through Q1-2024, at current production levels of approximately 1,200 bbl/d'

What changed? This was not reliant on a JV.

Coplherder. Member since 21st December 2023. 12 days, 105 posts on COPL. Anyone can see what it is up to.

22m buys 5m sells. 8 buys of over 1m shares.

Plenty this morning

Complaint submitted, holding 2,700,000.

I will submit my complaint today. A good result would be for the transaction to be blocked after Anavio have forward sold a large part of the placing, that would leave them with a problem!

On Friday we were priced to fail. Look at the trades tab on here, word was already out about the forthcoming RNA. Now we are in a position where if we sell the billion barrel discovery for big money we can get rid of the SL and the bonds, and be a profitable oil producer, with funds to make the GGS work and get to much higher production figures. And this could all happen in the next couple of months. What will the sp do on the day we announce a sale? Maybe we will be supended like the Canadians?

Anavio are unsecured and will only get their money back if this moves forwards.