Member Info for Cavity

Yes does seem to be 35082

No doubt more confetti shares being sold. -3million buys since 11.58 and no increase in SP. If Cowan is going to remain silent as CEO and is only an interim then they might as well have promoted the tea boy!! It does make you wonder what the heck is going on behind the scenes!! I can't think AM was too happy at being moved at this juncture!

That made me take notice then I realised it was 4,000,000

The market just doesn’t believe that this management can turn around the company fortunes. The great financial deal that AM said investors just didn’t get continues to destroy the SP and whilst it is slightly reassuring to read some of the more knowledgeable posters let’s face it they have hardly covered themselves in glory if the benchmark was the SP.If the company and potential are so good what I don’t understand is why the likes of Exxon just don’t buy the lot-! Yes AM might not want to sell but many investors would be very happy with a decent offer and maybe that includes our main investor ! We need some positive news that a corner has been turned long term investors deserve that at least!!

For those who have been here long enough we know that the board do read some of these messages! Family and friends of management may well also be posting here we just do not know .Likewise we have no idea of the minority bondholders and their connection if any to management! As shareholders we just hope and trust the game is played with a straight bat , but after a year of a falling SP the issuing of millions of confetti shares and diabolical communications it is quite understandable why some long term shareholders are so frustrated!!

SteveV- I think the reason why people are” bemoaning a company approached us a year ago and nothing has happened” is because our CEO raised expectations by saying he was hopeful of a J V by the end of the month ( October2022). For many long term investors “ put up or more to the point shut up comes to mind !

If Copl had sustained a meteoric rise then I am quite sure we would allow some leeway for falling if markets have turned negative. However , there is no doubt IMO this fall since the latest RNS is due almost entirely to sales of more confetti shares. Good luck to those who have bought at this price , but some of us have invested a sizeable amount at much higher levels and are not in a position to invest further!! Hopefully one day soon it will not be manana !

Owning this share long term would try the patience of a Saint. Every RNS they put out causes further drops in the SP as further bonds are sold by JBER. Whilst I do feel there is cause for optimism I’m still not sure, as are the market that Art and the new team have shareholder’s best interests at heart!

Happy with this morning’s RNS and that we have a new CEO. Hopefully no more juvenile comments and AM can get on with what he’s good at! Onwards and upwards.

Everyone seems to think the mm's are the villains ,but if you have millions of confetti shares to get rid of then the explanation is fairly simple!

Thanks Bamb that's good to know

The company does seem to be making progress on production and it is good news today on the JV. However ,like all previous RNS"S they just get sold into by the bondholders and in a couple of days we are back to square one! It would be nice to think that if we get some cash from the JV that AM would use some of it to buy out the bondholders , but being an oilman I think he will want to spend it on development and the field. He maybe thinking keep SP around 2p then when JV completed do a 1/500 approx consolidation and then join the nasdaq. Long term holders like myself won't be happy ,but he now has many new shareholders mopping up shares at 2p who won't really mind! For me at the moment convincing these bondholders to stop selling so allowing a true rise in the SP on good news, is so important!

So now we see why they wanted 1000/1 consolidation - bondholders drive this down to .5p and then they consolidate and take it back to £5. Do not think for one minute that management didn't think this was likely! The financial running of this company and the complete lack of foresight has been a disgrace not helped by the tempting comments of AM - strap yourselves in ,a game changer, JV hopefully by the end of the month (oct 2022) etc . It is those flippant positive comments from our CEO that have done almost as much damage to long term shareholders as the ridiculous bondholder confetti shares.(The deal that shareholders didn't like ,but were assured by our CEO was a great deal!) Good luck to those who are in this company at a very low price ,but for some of us who have a 20p average the financial running of this company leaves a lot to be desired!!

And this is the man who has awarded himself a massive pay rise--What a joke! His pay should be performance related!

Personally I don’t think we have much shorting just massive bondholder sells which will appear later

Personally I'm starting to think this JV is a red herring and Art knew all along the bondholders were going to sell driving down the price so that when it becomes fractions of a penny he can use his 1/1000 consolidation and start the dilution all over again!Wouldn't surprise me if next RNS is JV talks have failed ?

Probably more bonds being sold in the background and once again the mm's awash with shares. That is why we are red and going lower. Art knew this was going to happen hence the outrageous 1/1000 potential consolidation! This is the person who said this bond deal was a great deal the investors just don't get it yet!! No one trusts a word he says and he's in charge of our JV deal - the one he was hopeful might complete by the end of October 2022!!!

I take it we have more bondholder shares in the background being sold ! At least if the main holder is not selling we must be getting close to the end of all these confetti shares and some meaningful news will actually be reflected in a SP rise!!

Looks to me that once again the good RNS just allows more bondholders to sell.For shorts to close they need to buy - IMO that 4.3 million trade is a definite sell!

Thank you for forwarding the reply from AM. That letter was succinct and to the point and hopefully a good start to better PR and communications with his shareholders!