Member Info for dougb189

The market cap of the business is currently trading off of fully diluted EPS.

ie. 2B shares.

* concede

“..It does seem to be counter intuitive for Anavio to convert and sell..”

Is only counter-intuitive IF the BH stay the distance.

But is not counter-intuitive IF Anavio are on the clock.

See Tiburn’s inputs on possible RBL.

Will con Ed though that another positive for your argument for it being counter-intuitive, And that is IF there are further plays. Earlier & some on here thought AM was getting passed it. Not in the O&G game he ain’t.

Tiburn, I suspect It may perhaps help explain the recent increase in conversion rates and that you could then implement a possible time scale of uprated production prior to switching the policies.

FF / Unnd, off the top of my head & i vaguely remember that the interest rate was a variable and that a figure of 0.75% incremental was then applied at the end of every quarter, with your quoted 13% then being the starting reference.. Will try verify in a quieter moment later.

Nice list earlier of highlighted probable points Mr.T

In agreement with your first 6 points but for your final point #7,

& I still find it difficult contemplating AM working with any partner.

Lol, but he’s one v.difficult manager.

Very much liked your point 2 and its RBL content. Unfortunately though..

I suspect the BH are in strong agreement with you.

& hence tick tock as their clock runs rapidly down.

COPL paid $156k for the first batch of $200k bond securities & then paid $160k for subsequent batches.

The current conversion rate is $0.0817 (equated to 6.75p at the then £/$ rate)

Without going into the Pandora’s Box commonly referred to as the SEDAR portal,

Can use the figures from April’s RNS where

48,959,603 shares issued from 20 bonds [7 x 2027 plus 13 x 2028]

ie. there are 2,447,980 shares issued each $200k bond

at $0.0817 per share.

As stated, the fees / interest payments is a variable.

Then raises the question, if the variable figure gets reduced as the sp increases, there has to be a projected ‘curve’ in which there’s a pivot point for the BH to stop conversions.. they do very well with a low sp against doing very well with a high sp.. One for the nerds ?!

… Those long-term holders who haven't been able to *disassociate themselves from the ramptastic crew* are the ones who have been shafted most royally by the bonds catastrophe..

“..Whoever has Best Investment decision will get said Refinery..”

AM might perhaps be ahead of the curve with respect to any new refineries.

America tends to lose a lot of its production through the harshest winter months. Also it’s refineries are mostly centred around the Gulf such that when hurricane Katrina passed through, it was then estimated that by the time the refineries were eventually back into production, that America was apparently within a week or two of running out of fuel.

AM currently installing ‘artic capability’ hardware, could be a key move.

“..For the record i consider the CEO and the CFO to be financially incompetent..”

I’d disagree. Financially incompetent was having a business with an mc at $3.8B & with an EV of $4.3B. That debt was then called in by the banks courtesy of the toxic mortgages and the company were then left with a balance of £0.00 after being sold for $500M. That was financially incompetent. AM had then learnt a brutal lesson.

Today and the lenders are only owed c.$35M.

A fire sale today would cover that & would still leave a wee bit on the credit book.

‘Financially incompetent’ is then somewhat shaded..

“..Anavio have 108 Bonds remaining which i would guess they are going to hold more long term..”

Thank you Unnd. A realistic assumption and not trying to sell speculation as the gospel.

Ed, that knowledge no doubt arises from the 4 posts all opening with ‘nonsense Ed’ ?

You have the bee-in-my-bonnet sussed bud, and yet you still fail to see why. Carry on digging that nice wee hole you have gotten yourself into Ed.

Lol Ed, I give that ‘non- speculation’ a shelf-life of let’s say.. 7 days ?

Ed, is this the same ‘clarity’ of thought that then decrees you can state :

Ed : “..Perhaps some bond holders have now derisked sufficiently ahead of the BFU upgrade..”

is Not an assumption ?!

Ed : “In that case wasn’t an assumption”

Lol, dear chap do you have an inside line to the bond holders ?!

Been suspecting that for several weeks now Ed, that your contributions have been getting more & more… nonsensical. On a par with your nonsense telling a poster ‘you will need to change your name’ and yet you who has been ‘posting for 20 years’, only resurrected this latest name a few short years ago..?!

Further nonsense Ed ?

“.. Fastfood RE: Bond holdersToday 08:47

Edgein. How is the CEO acting in best interest of Shareholders if a BOD member is Shorting the Stock ??…”

FF is then directing a question at you. And the emphasis is on the IF.

Sadly the thread was deleted so the context is unavailable.

So.. Yet another of those assumptions.

Indeed Ed & thankfully you seem to have throttled back.

Enjoy that coffee.

Nice assumption Ed.

“..Perhaps some bond holders have now derisked sufficiently ahead of the BFU upgrade..”

I’ll maybe not jump on that one.

Lol but yet again you seem to be misreading, ie those tears.

‘Reading through tears’ you got correct. But my tears of laughter I suspect are perhaps not what you have been trying to insinuate. Chill with a Costa bud.

Ed, I’m trying to factor in what may happen in the next 5 weeks never mind trying to factor in the next 5 years. Now that you have defined the metrics involved in your “..realise that 690m is in fact much less than 3.4B…” which now does not entail any suggestion of UKOG mismanagement but is rather now a comparison scale for possible forthcoming rewards to long suffering Pi’s, then I’d perhaps suggest you are a bit top-heavy on the upper estimate whilst being too heavy-handed on the lower.

Guesstimating that the length of string will be akin to those who bought in at 2p then not appreciating either (a) the length of time till sufficient revenues arise & (b) how many outstanding bonds remain.. Used similar formula when had correctly guessed that Mr.G had been ‘ misfortunate on his timings’. We got gifted an approximate timescale via AM, so then just remains to determine if we can get there in this current format

Ed, my issues are taking to task, those who post false agendas

as per your ridiculous suggestion that today’s 680M shares in issue is a ‘lesser’ figure than UKOG’s 3.4B shares..

simply by putting some historical context on the scaling involved in creating that figure of 680M. Historical figures indeed but still very much the same management team.

Which you then attempt to over-write, with your clouded issues.

Absolute nonsense Ed.

Factual is COPL had 3.6B shares in circulation immediately prior to purchasing Atomic.

Factual is that when that figure reached 14.5B shares they were reduced by a 100:1 consolation to 145M shares. That figure is now at 680M shares or 68B pre the last consolidation.

Very soon to be 1000M shares at today’s consolidation rate.

Equivalent to 100B shares per the last consolidation.

“..realise that 690m is in fact much less than 3.4B…”. Lol,

“..Well 3.4bn is still a hell of a lot more than 690m that's for sure!..”

Lol, but is nice to see the ramptastic crew getting threads deleted,

that do not support the fraudulent ‘Strong Buy’ suggestions.