Lots of childish behavior2 Oct 2021 15:46
Thought I would post this , from the Canadian side ,have a read , his response to all the nonsense... Art has now declined to do the Q&A interview after seeing the questions that were going to be asked, this was his response: ” It is well apparent from reading the questions you sent Zak that the unsophisticated investor on the “Boards” have blamed the performance of our stock on my actions personally and/or have been questioning the Company’s disclosure in the Prospectus dated August 16, 2021 and its subsequent press releases. We too have been concerned about our share price behavior and have been suspicious of the trading patterns. Attached is a chart which I downloaded from the LSE website late afternoon yesterday. The trading period is from re-admission August 17 to September 30. You will see clearly that a Cabal of traders likely through “spread betting” accounts has had a trading Box on our stock for three cycles during this period. I also note that during this trading period we traded approximately 18 billion shares representing approximately 1.1 X our shares on issue. The Box parameters are: • Period: 10 trading days • Spread: 0.06p • High Volume Settlement at closing of the Box classified as “off market” trades post market close I should note, that Spread Betting trading firms do not require the bettor(s) to hold or have access to the underlying security as would be with a CFD. The bettor(s) in this case only have to have the assets to back the bet, and to claim the gains tax free they must appear to be independent of the bet . The trade only works through short selling and thus inherently has a naked component. In addition, to be successful two or more parties have to be involved to give the appearance of normal trading, but in all respects are working in concert. If I am right which I am certain, serious market abuse has been perpetrated on COPL stock trading. I estimate this group has made in excess of £5 million in trading profits through these three cycles. The consolidation of COPL stock possibly will put an end to this. Unfortunately the small investor is damaged by this type of organized activity. COPL’s pre-consolidation trading volume camouflaged each cycle as it would look as an aberration, but in our case there are two trading cycles between disclosure to the market. Rather than answering the questions from the “Private Investors”, I would request you to share my chart analysis and my thoughts as outlined above. Rest assured the Company is investigating and if your cadre feel they have been abused I suggest a large complaint to the FCA to augment the Companys. Best