Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Website now seems to be working - very suspicious bolting on those extra 4 pages.
Just catching up here. Trying to get my head around this. Does anyone else have trouble accessing the www.canoverseas.com website to review the RNS's that have been posted earlier about the discrepancy in the RNS's. Website seems to be down?
Thanks for the update RBM. Great hear that the FCA and ASC (I assume Alberta Securities Commission?) are stepping up to the plate to investigate this scam. Let's hope they really dig into the dirt.
Just catching up on the day. Sterling work RBM!! You have my full support - email and screenshot sent.
Thanks to RBM for giving a steer on what to pin the compliant on. I posted my submission to the ASC to give folks some idea of what to put on the form as it can seem daunting but I encourage you all to have a go and put into your own words. It's the last stand in my view. Cheers.
Complaint filed to ASC - my version (4 of 4):
SOLICITATION METHODS
Tell us about the solicitation method(s) / platforms(s)
Twitter / X
Other - Company RNS/ press releases
ACTIONS TAKEN
Who have you contacted about this matter? (Check all that apply)
Alberta Securities Commission
Other securities commission outside of Canada - FCA (UK)
Company directly via: info@canoverseas.com
Are you mailing documents separately?
No
TERMS
I agree to the ASC terms and conditions
Complaint filed to ASC - my version (3 of 4):
INVESTMENTSEdit
Did you invest?
Yes
If yes, When?
XXXXXX
Amount Invested
£XXXX (GBP)
Amount Lost
£XXXXX (GBP)
Are you aware of any other companies, individuals, or entities that may be involved?
Yes
Please provide contact name(s), phone number(s), and or email address(es).
NOTE: this total invested stated above have been over a period of many years with 2017 being the initial investment with additional sums invested in subsequent years. The substantial loss listed could be even greater resulting in a total loss. I am aware that there are a large number of individual investors who feel the company have effectively acted fraudulently in the information they have provided to the market over the years. I do not have their details but this investor bulletin board (https://www.lse.co.uk/SharePrice.html?shareprice=COPL&share=COPL) will enable you to get a sense of the concern from many people who have invested in XOP.
Complaint filed to ASC - my version (2 of 4):
CONTACTS
NAME
PHONE
EMAIL
ADDRESS
Canadian Overseas Petroleum Limited (https://www.canoverseas.com).
+1.403.262.5441
info@canoverseas.com
3200-715 5 Ave SW
Calgary, AB T2P 2X6
Canada
Other companies, Individuals, or Entities who may be involved
ANAVIO CAPITAL PARTNERS SERVICES (UK) LIMITED (https://www.anaviocap.com)
Complaint filed to ASC - my version (1 of 4):
COMPLAINANT’S INFORMATION AND PREFERENCES
Description
Dear Sir/Madam, I wish to complain about what appears to be illegal actions in relation to a company called Canadian Overseas Petroleum (Ticker: XOP:CSE and COPL:LSE). There have been a number of actions and behaviours by the company over the past few years that now appear to clearly have been deliberately orchestrated and fraudulent resulting in the erosion of shareholder investments to the benefit of the Board of Directors and third parties without any consideration of the fiduciary BOD duties to shareholders. There also appears to have been complete untruths and financial incompetence displayed by the CFO Ryan Gaffney and Arthur Sherman Millholland which until recently was the President and CEO but conveniently changed roles in hindsight. The most pressing and recent issue which has caused catastrophic impact to shareholder value including my own investment in this complaint is that ANAVIO CAPITAL PARTNERS SERVICES (UK) LIMITED (a third party) offered the Board of Directors (BOD) bonds that aligned with ANAVIO's financial goals, not shareholders. These BOD bonds have been renegotiated twice now, resulting in the conversion price dropping from 0.04 GBP to 0.0015 GBP. This has all happened in late August/early September 2023. Even though the deal involved a third party, the BOD waived it through as an ‘internal agreement’ and, as such, undeserving of a shareholder vote. This is illegal. The BOD should not have been offered such an ‘inducement’ and should never have signed it off. This warrants investigation and as this is already on public record, any investigation would centre around ‘why’, and not how by the ASC. This is a matter of urgency and an initial investigation of this complaint must be done within the next 5 working days as the latest proposed announcement by XOP on 29 December 2023 regarding the latest financing arrangement with ANAVIO will conclude on 15 January, 2024 and this must be halted by then if shareholder interests are to be served in addition to the legal process. All relevant documentation can be found here: https://thecse.com/listings/canadian-overseas-petroleum-limited/