Also what details did you level against him for your loss?
Great. Where have you filed the case?
He will bring a lot of his cronies down with him too. All the past history at LekOil etc. All the same names Inc TW and the social media campaign.
Richardson is burnt and in big big trouble. Will be interesting to see how many others he implicates to reduce his culpability or will he take it all himself to save his mates?
Well there’s two classics for Tom Richardson to answer now.
Why did the directors accept bond offers in September aligning the directors with Anavio and not with the shareholders- that bond deal meant all the directors got significantly more share if the SP collapsed and then hey presto a deal was done to reduce the strike price again and again. Yes Tom, your name is on the RNS so pretending 4 months later on an RNS that it didn’t happen won’t save you now (whistleblow paper trail)
Secondly. Despite knowing that the company needed the GGS and the Gas injectant why did the company pay for all of the infrastructure and not the gas? So basically buying the Ferrari which will be worth so much more later but not putting any gas in it? You diluted the company to raise the money to do this and this gave Anavio a massive shareholding potential on the cheap but you didn’t buy the injectant gas? No CEO would damage their company in such a way unless there was a benefit. Remember once again you put it in an RNS that you were diluting to buy the injectant…..
Not looking good this for you is it?
Try defending that in court when an expert (or any lth on here) shows you the past correlation between injection rates and bopd. Then there’s Tommy staring at whistle boy and looking to be bailed out as to why the gas wasn’t bought yet the $500k basic was.
Now the small chip money traders have finished telling us about their trades (like anyone has ever cared what chump change traders do?) can you please repeat again RBM what the singing canary has slipped out in the whistleblowing?
All going well until Anavio start to panic and dump shares again.
Great post from earlier
Hopefully we can bring Richardson down on behalf of all the other companies he asset-stripped too. The cancelling of the JV, and not stimulating the well with gas to stall production in order to back the SL into a corner has the impress of his MO - bring a struggling small company to its knees with a suicidal bonds arrangement to dilute LTH's out of existence, undertake a long-term social media campaign to destroy any shareholder sentiment using aligned 'influencers', release statement after statement of catastrophic news including a 'speeding ticket' RNS when there was an unexpected rise of a tenth of a penny, then sort out a 'survival' loan of a couple of million quid in exchange for billions of shares with mates in order to effectively steal the company for peanuts.
None of this exonerates Millholland, Gaffney, Cowan inter alia. They allowed this sequence of events to unfold when there were alternative routes. You have to ask why they did this and there are only certain conclusions you can arrive at?
Remind me again why Coplherder had to delete his username. Equally Tradevol.
The great work of the Shareholder action group led to the authorities investigating. Very quickly we have seen two of the key protagonists resign and leave and an other two move their roles (temporarily) as the noose tightens.
Now whistleblowing as they turn on each other trying to avoid jail time. It’s like watching Rome in the times of the Caeser’s. Powerful individuals and groups laughing at the plebs until a civil war begins and then they annihilate each other to save their own skin.
Well well. It didn’t take the ‘new source’ to whistleblow did it?
Faced with a sentence who wouldn’t do the same?
“You might be interested to know, a new source confirmed to us that it was indeed Tennyson that introduced Anavio and their convertible bonds into COPL.”
When you crash and burn David for being just blo@dy naive then post how you feel please.
Anavio are sharp. They are infinitely clever and cunning and would have scoped it all out. I believe where they misread it was that Summit and Art have a clear vendetta against them and they didn’t feel the strength of that. They would have assumed that Summit don’t care either way as they’ll get paid success or fail of the company. However Summit do care. They are due 8% shares once the loan is completed and that could have been 8% of a $billion company.
Summit also clearly do not appreciate some small upstart company like Anavio riding roughshod and sharp over one of their clients. Anavio need to do a deal with Summit and sell up and move on. They’ve already made a fortune and their next steps can affect the zeal of the legal action
So Peter is wielding the axe and first victim was Gupta who clearly had no knowledge whatsoever in regards to oil recovery. Gaffney who has no financial qualification yet was close to Tennyson and Anavio has now gone. Richardson will be next as he’s already been removed from UK director position and is the main architect of the Anavio scam.
So what next? Anavio should strongly be considering doing a deal with Summit to sell up their bonds. They’ve got until the end of this month to find a few $million to cover loan interest and running costs and that buys them one more month. Copl doesn’t have it to pay thanks to Richardson choosing not to buy injectant gas and boost production. So with production way way way below break even there is no free cash.
Seems to me with FCA and ASC investigations gathering pace and Anavio having to provide information (they’re slow on this and it’s getting the authorities angry) their best option is to sell their bonds to Summit and then placate the SHG to drop their legal attack.
Sorry Fish but you’re a loan voice.
Gaffney was put forward by Tennyson. You are the only poster (albeit you have ten usernames) trying to deflect this scam away from Richardson, Anavio, Tennyson and TW.
Why did all of the above force the dumping of stock and short selling. They didn’t need to of course. They were supposed to hold and support the company ;)
How could they forward sell when inside?
Tennyson introduced Gaffney to Copl despite him being woefully under qualified (not a Chartered accountant) and guess where Anavio came from too?
Arts mistake was allowing Tennyson to begin the journey with Gaffney, Richardson and Anavio and not finding a solution with Summit.
Summit and Art are very close Fish - I think you’ll find Art is going nowhere fast.
Now ask where Winnifrith comes into this and his relationships within the diagram knocking round Twitter. His campaign began just as Tennyson began to make moves. Coincidence?
Perhaps Ryan will save his own skin now and do a full whistleblow. That first phone call from the FCA certainly shook him up and as he was the conduit to Anavio and his friend Sebastian there, he will be easy pickings.
5 million but is just over £3.5k you idiot.
If that’s a big buy then welcome to Tom Richardsons bullshiit bingo board
Well let’s just see shall we Fish?
I know what I know. Troll away.
Well that means there’s going to be a whole crew of new posters who will be emailing RBM now.
Welcome to Tom Richardson.
Yet we know you’re a troll and not rational so are largely ignored.
For example, you posted that the company is going under and being taken private. A few days later you posted you had bought some more at twice the current SP. Irrational