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Does anyone think a board that was 2/3 Anavio would temporally scupper a massive JV so as they could increase their parent companies effective stake by resetting their bonds and attached warrants down to 0.15p for a $2.5m outlay?
Make no mistake the bonds are worth what they are worth at face value, the vwap interest payments are now worth 20x what they were, so very lucrative. The warrants are all now at 0.15p and this is where they can make a lot of money too, an obscene amount.
Just need to see if the JV is back on, or the asset is sold on the QT for lots of money to see their game plan unfold to fruition.
However do you think a board would act, not in the interest of all stakeholders, but just for the one that put them there. Just think with all the inside knowledge they had/have, surely not?
There lays prison if true!
I actually think they’ve over estimated their abilities and are hoping on the authorities inability to unravel it. I hope they are in for a shock.
Tbh happy for it to stay down here for a while the shenanigans are undone. Don’t want the crooks making money offloading on the rise.
Actually better it’s suspended, court protection, unwinding Anavio and their partners position, new BoD, resume with JV partner for conclusion..
So today they off loaded 662k shares immediately to a single purchaser. Well that’s 25% of the current float to a single entity.
I wonder if they’ll now break cover or is it yet another ruse and obfuscation…
I still think they wanted to offload the lot via their shorting game but that route was closed to them on Friday.
Me thinks the walls are closing in on them…..
Wasn’t it Sebastian Fernandez who is the account holder for COPL for Anavio, heard is is good buddies with Ryan Gafney.
https://rocketreach.co/sebastian-fernandez-email_26257664
Put under a different heading so as not get the action group thread deleted by interested parties.
I’m glad the SAG managed to avert a strike price reduction by the crooks and their concerted shenanigans.
They obvious were attempting to drive the strike price down by 50%. The fact that on previous bond they’ve held zero but now they hold 24% not 50% validates that assertion.
Now that you have a better understanding of their modus operandi it opens the door to unpicking the September placing and revised strike price.
No doubt in my mind this is being done via Cayman Island cohorts who think they are untouchable. Karma is coming….
Hope you string them up by the proverbials.
And over 1b traded before lunch, obviously no forward selling going on as the additional shares haven’t been issued yet, it’s illegal anyway, hate to think they would given the spot light on them. Then again those that are greedy get careless…
Here’s the current board.
https://ised-isde.canada.ca/cc/lgcy/fdrlCrpDtls.html?p=0&corpId=4204638&V_TOKEN=null&crpNm=Canadian%20overseas%20petroleum&crpNmbr=&bsNmbr=&cProv=&cStatus=&cAct=
He is a useful idiot to them, does their bidding on demand and gets an inside track of where they want to take it which can be useful for a bottom feeder, let’s see what comes out of the wash….
Https://ised-isde.canada.ca/cc/lgcy/fdrlCrpDtls.html?p=0&corpId=4204638&V_TOKEN=null&crpNm=Canadian%20overseas%20petroleum&crpNmbr=&bsNmbr=&cProv=&cStatus=&cAct=
If as we suspect Tom Richardson has moved address, he has 15 days to notify the Canadian authorities of that change and update the official record with a new address that is not a PO Box or corporate mailing address. Not sure what the censure is but it’s not a minor thing to the Canadian authorities.
You can run but you can’t hide….
In case anyone wants to put a face to the name …
https://feniksoplc.com/board/
I noted from a previous poster there were links with Gupta’s London address and the Paradise papers too. That should get any aspiring investigative journalist ears pricking up….
Not going to get my money back they’ve stole but happy to see justice served cold if necessary.
This is Tom Richardsons address as given on the director list on the CSE. Question has he just bought it or sold it?
https://search.savills.com/property-detail/gblhchlac230062