Occam's razor24 May 2023 10:57
"The simplest explanation is usually the best one"
If you apply it to COPL you get the following:
JV - there isn't one, either the discussions came to nothing or there was none to begin with, all hiding behind supposedly NDA's
RBL - again there isn't one, ask yourself this why aren't the banks throwing buckets of money at COPL if there's so much oil in place?
1000 to 1 Consolidation - this is purely for dilution and nothing to do with listing on another market, AM is guaranteed to consolidate the full amount
40% pay rises for the BOD - until COPL delivers it is now officially a lifestyle company, with even AM getting his family employed there, any pay rise should be performance related
87.5% SP drop since Atomic relist - either the drop is unintentional which would make AM incompetent or it was done on purpose to let the city big boys in i.e. to take it private
Rampers getting louder - when so much money has been lost on paper, desperation kicks in and all sanity goes out the window such as voting FOR 1000 to 1 Consolidation and AM, madness
People being negative - completely natural when the SP has dropped so much all due to one man's ego, greed, stubbornness, incompetence, hatred of unsophisticated pi's, the list goes.