Member Info for chickster

Hi can anyone confirm if todays zoom meeting is running late because cant login

I'm with you Duster. Willing to pay but need some kind of reassurance that we will get something back. I would also like to know expected timescale as, like many others, time is not on my side.

Chick.

We are stakeholders aren't we?

Does this mean it is carrying on as a going concern or have I misinterpreted it?

32. The Transaction provides significant benefits to stakeholders of the COPL Group. Among

other things:

(a) the operations of the COPL Group in Wyoming will be preserved and will continue

uninterrupted in the normal course;

(b) the Transaction is supported by the senior lender under the Credit Facility, the most

significant stakeholder of the Applicants in these CCAA proceedings;

(c) the Transaction will preserve employment for applicable COPL Group employees;

(d) the majority of contracts with vendors, trade creditors and other counterparties will

continue in the normal course for the benefit of all parties thereto. Only a limited

number of contracts are expected to be designated as “Excluded Contracts” within the

Stalking Horse Purchase Agreement and, as a result, most contracts will continue in

the normal course following the closing of the Transaction; and

(e) on Closing, limited matters will remain for the administration and wind-down of the

CCAA proceedings and Chapter 15 Case

I have received 2 emails from the CAG this morning one entitled ' COL Holding' saying 'CAG delighted to confirm that it is to continue working with Mr Michael Cotter etc. And another 'Recent Fundraise' Action Required again just reiterating that CAG is delighted to confirm that it is to continue working with Mr Michael Cotter etc.

I am a bit confused. I have already submitted my holding as requested so unsure if it has been accepted or not. Can anyone advise please? regards Chickster

Dusterhater. RBM stated previously. Given the numbers of shareholders looking to get involved (we have been contacted by 500+ prior to closing applications as interest had more than been established), we do not envisage these costs to be in any way prohibitive, perhaps done on a banded basis. Mr Cotter is working on this a present and will fully explain the process to all when he invites applications to join said class action. So 500 plus potentially

Conduct against a former employee 10 years ago so

Many thanks - received okay

regards Chickster

Hi lloydy - can you send it to graphixgaragestore@yahoo.co.uk please.

Regards Chickster

Where can I view this report please. I don't want to put my email address out on this site

Perhaps we should all be contacting Summit partners and pledging our support. If they were to become 'owners' through the stalking horse process, and knowing the assets, maybe they could be persuaded to run it as a going concern. The CAG could offer seats on the board and we shareholders could support them with fund raises through the proper channels.

Perhaps we should contact Warren Buffet. He has pledged to give away 99% of his wealth to good and charitable causes.

Maybe he could be persuaded to put a bid in for the Company

Perhaps someone could get an interview with Proactive Investors

Has any value been attributed to our billion barrel oil find in this court document or is this all a fallacy?

Great letter Stas

Scottydod. Well if anyone can get a shout out in parliament it's him. Go for it!

Maidit308. I think the solicitation process is merely a term used for advertising or marketing the sale by bid auction. Under the circumstances I think this is the best way to get anything like true value for the assets.

BurrenBoy - Not necessarily so. A bankrupt company can achieve an effective restructuring of its financial assets by selling a majority of its assets. Therefore, the company uses a stalking-horse bid to ensure it gets higher bids at the auction. The stalking bid becomes the highest initial bid, setting the floor price that other bidders cannot underbid.

In return for offering the highest initial bid, the stalking-horse bidder gets various incentives, such as breakup fees and expense reimbursements. The incentives can help the company get a better initial offer before the auction occurs.

There was an article in Fraud magazine in 2022 re Wirecard. Seems they employed someone in finance who wasn't qualified for the job either.

Maybe we should make the Fraud Magazine aware of what has/is occurring here.

https://www.fraud-magazine.com/cover-article.

Given the pressure and flack on Richardson I thought he would have walked by now.