RE: Insolvency & Form 713 Feb 2020 16:05
Any of these points you'd like to comment on, rather than wasting time pleading innocence to being hand in glove with Suhail & LB28?
'What we do know is that COPL are out of cash as indicated by previous cash reserves and the cash burn rate.
We also know that a trading entity can subsist on Credit for a period of time, the rationale for notifying the market circumvented through the loophole of being 'active in the process of securing Funding' - this is a reckless course of action but as we've seen (those who haven't just turned up), Art Millholland is extremely reckless in his communications & in running the company.
Some would say dishonest but I'm not going to explicitly state that as my opinion.
If funding was being arranged, the filing of Form 7 and other processes would be kept on top of - certainly not left aside and ignored.
Given the perilous current cash position and the effective suspension of all PR through the company asigned that, as well as the non filing of Form 7, it certainly looks like Art Millholland has effectively given up.
Rome burning whilst Nero plays, hence why I suspect Insolvency.
Regarding Jay12 putting me on 'ignore', he was catastrophically wrong in the past and demonstrated a vast lack of experience / knowledge in interpreting market behaviour.
Have a sensible debate if you like and I'll try to clarify the points raised - putting me on 'ignore' because you can't answer said points, only highlights yours & Jay12s ignorance of the issues pertaining to the COPL investment case.
Dyor & make your own decisions.'
Atb