RE: Management Information Circular1 May 2023 16:08
one of the Principal Effects of the Share Consolidation
? the exercise prices and the number of Common Shares issuable upon the exercise or deemed exercise of any stock options or warrants of the Company will be automatically adjusted based on the consolidation ratio selected by the Board.
Worth emphasing - the same consolidation ratio as the Common shares ( Stas20 seemed to miss that little detail yesterday )
Noticeable the swamp fraternity ( negative influencers ) are absent. Just goes to show they originate from Bondholders who wanted the SP down at this level so they got a bigger slice of the pie - greedy fookers ! ( Similar behaviour took place in HUR ) and the FCA do **** all.
" Again, 2021 has been a transformative year for the Company and we look to the future with renewed confidence. You will never hear this from "snake oil salesmen" dressed up as experts, commentors or prophets on our Company's business on social media or internet chat platforms due to their sole focus for their own nefarious personal gain."
Is this the quote in question ? Like it . Get over it Puff.
Love the thread title . The prize is huge hence the interest from :- Joint venture partner. ( all that oil then a CCS project ) Bondholders. ( want as big a slice as they can get ) SL ( decision to accept 6% equity on retirement ) Mark Gordon Wyoming Governor. Me.
2024 bonds rns 17/2 said 50 outstanding 2025 bonds rns 7/3 said 43 outstanding new bonds rns 20/3 $13.6m @ 200k clips is 68 outstanding total bonds outstanding 161 which gives 394m if all converted. warrants 54m plus new warrants 70m = possible 124 m shares ( $10 m into the coffers ) when SL is retired SL gets 6% , currently 19m shares
who saw Namaste00 's post before it was very promptly removed ? someone with influence considered it's content warranted immediate removable ! there was rubbish about about dilution & a billion shares. But the next bit referred to COPL being at the mercy of bondholders. " COPL is effectively already controlled at arms length " " it's in a rear naked choke " ( thought that was a wrestling hold ) " the bondholders can take control at will " I don't want to peddle his propaganda but he touched a nerve with someone & it was uncanny how swiftly Namaste00 's post was removed & his account deleted. ( alongfortheride will back me up on that ) I hope Art's on the ball here and hope there's trust in place , the pending RBL & JVP should help.