Member Info for biglad6

Brilliant summation of the state of domestic politics in russia. Unless of course you want to vote, speak freely or read a newspaper of choice. No doubt a wind up. Or written by a brain dead, moron.

I've got (don't laugh) £5k in here at nearly a penny. Thinking that CEOs on AIM did what they said. ( Now laugh)

I am going to average down here but when and only when the plant starts producing sure I'll miss the bottom but if it started producing tomorrow and the price went to .2 then you'd still be in a good place.

Those idiot engineers who have been sacked were mainly to blame combined with George's awful pr. George should be in good hands now with a proper contractor who knows what to do. So whilst George is pathetically over optimistic, this time the contractor might get him there. Big issue is will the finances last. Saying that surely there will be production by August!!

Reverse engineering on the Chinese rigs! This has been going on for a year, no sales pl ain and simple. I wish there had been, for if this worked or indeed was in the process of working then the price would be nearer a pound.

I've consistently asked this question for two years as others have about when will see some sales. The salesman they employed has been out there for a year and not sold a bean despite all the excitement about him. Now as expected with all busted flushes there's radio silence because there's nothing to say. The next thing before finally admitting dismal failure here will be the usual AIM BOD bait switching ploy in this case method C. I live in hope that I'm wrong and realistically we could do with a spike so we can all get out of here.

For all who are short of info re Michael cotter and proforma info.

All his info is available on line where you can phone and or email the firm Setfords (in Guildford) directly. Just Google it. You can then have all your questions answered directly.

I know many individuals will have questions specific to them and the class action but having provided Mr Cotter with all the info and ID`s he requires I am quite happy for him to deal with the rest of it and to be honest this is the way its going to go whether I like it or not. The truth of it if there are 500 or so of us all with different holdings and objectives, what is it going to be like when it comes to settlement. One things for sure this won`t go to court and will be settled early, be under no illusion that this is what we are paying him for, in.fact he has already hinted at that. My family have had £41k invested in the robbing scum and I suppose if he gets half that back it will be a result. There lies the food for thought. I`d really like it all back plus another 50% for what we should have made minimum plus some more for being ripped off by my own BOD, plus a massive fine/prison for those individuals involved.

All this is unlikely, a settlement will be arranged and approved by probably the big investors here and the organisers of this group and thats fine by me as little me as an individual lets face it isnt going to have any influence over the outcome.

Conclusion - pay the money let the solicitor do his work and be thankful that we will, I`m sure get something back. Whether you like it or not that`s how it will pan out.

Actually I`m quite hopeful that we might all get all our money back as 500 investors holding relatively small amounts versus what the robbers stand to make plus the ensuing bad publicity and possible individual sanctions might be an attractive proposition for the thieves.

Raaydaar sums it up perfectly for me. It's six months behind where it should be but at least we have an engineering company that seems to know what they are doing. Doubt now is that by the time it's producing it'll be drowning it debt with a trillion billion shares in issues. And guess what, the Chinese will get their product and probably most of the company, George will get another year's salary and payoff, evatec will get paid. The people that own the company (us) will get diluted to f*** all. We can now stand back and watch this happen. Of course it could all get fixed and be £ at Christmas!!

I've send my details to the email address for the class action. Should I get a reply or not. I have had nothing including looking in junk. Any advice? Thanks in advance

Well have got off the fence and registered. Forgot how much myself , the Mrs and two sons (unbeknownst to the last two)

£31k. Which is massive amount of money for us. I was going to write in this crock of s***. However this wasn`t that it was a n oil company that could have had shares at a £1 plus by now. But due to the the usual suspects we are left iin the s***.

I still find it hard to believe that there was more than enough money for everyone to make a good return and have the kudos of creating a good oil company that they were overcome by greed. Shows deep down what sort of people they are.

One question, who are we suing as COPL as we know it will go bust who will we serve documents on and will they have the money to pay ? Is there an idea about what % of investment we aim to recover ?

Evening youngsters, I f first bought EUA about 50 years ago when a sale was first mooted. I call in on this board fairly regularly (every decade) to see how our BOD are progressing with the sale. Like them I 've no doubt a sale is imminent. I'll be 100 years old tomorrow, dont worry, better late thannever ! Although never looks a a more distinct possibility than late!

Brew and Method have got it right here. These tests have been ongoin g since last may. The salesman obviously went out with some type of prototype that hasn't impressed.

Looks like the usual AIM tactics of bait switching ,method C and jam tomorrow spread all over this. In 2 months it will have been out in the market for a year. The aim for the BOD then is to lengthen the whole thing out for as long as possible to find their salaries. When does this share enter the realms of that?

Panama , yer great and I don't say that likely. But it seems in the next month the company will collapse, point one. No S p value will be left. Unless the BOD change their mind for whatever reason this is what will happen.

Let me rephrase the original question. Is there anyway by the end of Feb this can survive as a going concern for shareholders. Realistic if any answers pls!

Can someone set out what the res tructuring CEO might achieve. (Which I think is not much when you look at who appointed him)

I presume the expected timeline is the company runs out of money , the assets are split amongst the creditors and the company is bought out privately by the scum.

That is the likely outcome by end Feb ?

If the restr ucture has any legs at all how likely is he to raise the enormous amount required to pay debt and get production moving. People might mention the JV but they've been sent packing by these people already

I was talking about this months ago. They`ve had a sales rep out in the field for 9 months, he obviously had some type of prototype to show customers. Secondly customers have had trials running for nearly six months and no orders.

As with most AIM BOD`s silence is deadly, the longer no news the worse it generally is. If they`d got an order it would have been announced.

Before everyone erupts with what do you know etc etc, you don`t know any better and if a trial is still going on after 6 months something is most definatly amiss. Lets hope that whatever is wrong is not fatal. (As it usually is on AIM)

The persons you mention in your list may well (or didnt) ramped the company to high heaven but that was just their personal opinion as you have yours and I have mine.

What we want is to uncover the truth and reinstate the value in the S P for those fraudsters that tried to ordinary investors out of their money. They acted in an official.capacity, the rest of us havent.

Now having said that what is your opinion of those on the BOD, have they acted with integrity ?

You keep going mate. If I was you I would only post here once a day to give any news you want to say at tea time of first thing to save you replying to calculation et al and all his screwball mates. Will save you a load of time and will stop feeding them amm unition.

I must admit this share has taking an emotional toll on me, like many others myself and my immediate family must have invested £40k in here and it is indeed a sorry take of how ordinary investors can be absolutely ripped of f by a set of callous, greedy b*******, with no care for anyone else. I expect some of those low life read th is board. You know what if the BOD, had been stronger and less greedy as well - a message to all of you if you had got the oil pumping, got some decent finance and therefore been able to sign up a JV then there would have been enough money here for everyone.

As shareholders who did d/d we picked the right share but let alone having a load of incompetent s on the BOD we also had a BO D who then decided to work against their own shareholders.

A pound by Christmas was often said on here and by now we should have had proper finance, say 3000 bopd, and a jv. Could well have been a pound! In hindsight the sp drop last January when they couldn't organise finance with 5 banks don't forget that 5 banks looking at it, was a massive marker to the sort of idiots we had in charge and still have today.

I notice the debate beginning of the SHAG and high net individuals and the action they might take.

The way forward here is Firstly and immediately a new BOD, to be honest I don't know how a EGM would be called but 1000 shareholders turning up angry and annoyed would soon send a message even if we didn't have the votes. Get the oil pumping and get the JV up and running and let's have a raise done what ever say but properly to get rid of the suck holding this back. In two years time probably less we might be trading in the 20s again.

Thanks to RMB, undoubtedly the crooks who didn't want to tell the owners of the company (us) chuff all have had to start telling us what went on . Tomorrow will be the day to go through all the lies, misleading statements etc. The ve t y fact they've had to tell us something shows as individuals they are s******* themselves. Another solicitors letter asking for more details 're this rns is the next step. A superb well to RMB!

Remember an SP of 40p , the BOD talking of paying a special dividend (Just b/s and fantasyland stuff) . Now look at it. The idea this company has is fantastic yet obviously poorly executed and run by the wrong people. Start paying them in share options that execute at 25p ,that should focus a few minds.

Quite frankly theres no way I`m seleng a penny . We`ve come down from 40p to f all and if anyone thinks i`m going to sell my zillion shares I`ve paid 20k for a few beers and steak and chips they must be mad. Seems to be a strategy suggested by others who would also try to persuade us to do nothing!

Infact if you did have a meal , it would be the most expensive steak youve ever eaten and would no doubt stick in your throat