Member Info for Daceon

I missed getting my paperwork back to MC but have corrected that now.

It will be very interesting in the long term to see what was really going on behind the scenes.

Four or five years ago I'm sure that many of us were so naïve about the shenanigans that a main market listing could get up to.

The truth will probably make for an interesting read!

I'm going ahead with this. Sitting and carefully sifting through my history with COPL shows a pattern of believing the company to be a hidden gem, based on the information we had available, only to invest heavily and lose money due to inaccurate production expectations, dilution and hype.

I bought and sold out of COPL in a big way 3 times - each time believing this has to be the time. Each time I lost more and more of my investment pot until it almost gone. It will take me years to recover.

I don't want them to get away with this so I've made my own mind up. Don't be influenced by anyone on here about not taking part. There is a case to answer

It would be worth £500 to just raise awareness of what can happen to honest people who get caught up in something like this.

Ever since the first boasts about Nigeria coming to fruition the company financing and media has been carefully managed by Art and Ryan.

Need to raise funds? Release a mind blowing RNS then dilute.

Need to to stabilise the price? Massage the production values (Sept 21) to keep people in while those in the know clear the decks.

RTO? No suspension needed. Oh look suspended.

This was never going to work out fairly for shareholders. The shareholders have been completely and utterly ignored and used.

But there are laws about this. Long runs the fox.

Very good news.

Thanks for all of your time and hard work

I'm sorry you've been through this. Hopefully it looks like there might be some justice at the end of it.

I have great respect for those who have had the strength to build a case here. I just couldn't see that it Was anything but my own foolishness.

I don't have any ire towards those involved. But if they have been dishonest they should be brought to account and justice done.

I'm so sorry to hear that. Thanks for your kind words.

Dear Holders

I have not been on the forum for a long time as I had to walk away from this and try to rebuild my life.

I made a life changing mistake here trusting Art. I had almost ruined our family.

I daren't believe there might be so chance of recouping some of the losses from this disaster.

I've dropped an email to the coplsharewatch@gmail.com address.

I hope everyone is doing ok. I felt such shame at what I had done to our family by investing so much here. Even the thought that it might be accepted as fraudulent rather me being stupid brings a lot of comfort.

Take care everyone.

Cash + IP = oversold

Not a huge discount but the warrants are a real disappointment and will stifle any rise while being of no risk to the investor should the price fall. Kills the chance of this bagging on news and will most likely drop us to below pre gas price when many bought in. Now depends on whether we trust management to deliver.

They obviously avoided releasing any bad news about the speed of drilling to not endanger the placing. Now they have cash cushion time for an extended Christmas break. Lovely jubbly Del Boy and co.

On the up :-)

That's a better day. Seems like the turnaround might have started already :-)

Hi Everyone.

Been here a long time and had my head kicked in again and again by the share price because I fell in love with the share. Rookie mistake but hey we live and learn.

I worry for some of the decent folks who are here. The time you are interacting with the trolls and watching this go up or down a % or two is time you will never get back. Rather than checking this share every 6 minutes try leaving it six months.

Because in 6 minutes it will probably have gone down .5%
In 6 days it might have bounced a bit (or gone down 10%)
In 6 weeks we should be starting to turn around.
In 6 months the whole thing should be much improved.

But even with higher turnover if Art chooses to screw us with more placements, then we will never see a profit.
But given that the revenue should be + and he won't want everyone selling out on the first decent offer to get the hell out of dodge he may start to be nice to his investors.

It's a high risk share that will drive you insane watching it.

This last two years has been a really rough ride for me - so emotionally involved here. Lost some much money from the high of relist.

But i have learned an invaluable lesson. A lesson that some people only learn from bankruptcy or losing a spouse. And thankfully that hasn't happened. But I have lost a lot here.

If you have food on the table and a family who love you that's what matters.

See you when this turns around :-)

Good support shown by Art.

Lots of posters who must cry on their own birthdays or are determined that the price should continue to fall.

So I read up on short attacks just out of interest.

A short attack is where a group of sophisticated investors drive down the price of a company through questioning their business practices and going short on their investments.

According to one article they send out press releases and use bulletin boards to create negative sentiment. They do so with 2 aims

1) To make money
2) To force management to tidy up their act

I can see why COPL has received this sort of attention. Lots of potential but it's taking time. The CUDA multi fund raisings diluting shareholders again, more warrants, more opaque financing.

But those of us with the stomach for the risk have held in there believing that purchasing CUDA is worth the pain, that perhaps now low cost solutions might bring material improvements to production. We think that these are birthing pains, not signs of dishonesty.

What would steady the ship now would be large management share purchases at this depressed price.

If the last share purchase was to shore up the SP for a placements, as the shorters suggest, it would be good to see that desire to purchase more shares shown to be true in the interest of building confidence in the value of the company for the benefit of investors.

Well I never lol

Looks like good financial management. Consolidate the interest, maximise current production facilities and explore new resource and get better financing in good order.

Cash balance is encouraging.

Happy with that

The hard truth here is that the price has been driven down since January by increasing debt. Art has knowingly dragged it lower and lower through placements and warrants to buy CUDA which will prove to be a valid tactic if the production can be turned around as it should.

I think the price right now reflects those two things then
1) The constant raising cash while showing a reduction in production.
2) Lack of trust that in 2 weeks time Art won't dilute the company by another 20%

The ball is really in Arts court now. I'm still invested and expect to make a good return eventually but this all now hinges on Art running the business from revenue and proper finance not raisings.

Can that be done?

My preference would be to sell up for $200m and get out of dodge.

But again. Art will know that very few of us are intending to hold long term and will sell our shares for a reasonable return. Surely he has a plan that will put a big smile on all of our faces.

Trapped here now as the company is still a strong play to make good returns but now feels like we are moving it back six months.

Going to switch off now until Christmas when RBL should be resolved and production improved somewhat.

Gutted really.

I actually think this has been a really good presentation. We know where we stand. The team are working hard on the issues.

I think that not rushing headlong into new drills is a good thing. Let's maximise production at as little cost as possible then use funding from RBL to do drilling.

It would be great not to use placements for fundraising again - both for the value of our investments and the company being seen as a solid investment by the market.

That would be ideal.

Improve production.
Sort financing.
No more placements so that the price can build to a more reasonable level.
Sell it off.