Member Info for jazzyjim

It's not over until the fat lady sings or in this case until the fat b** tard is in prison

RBM, was just wondering if anyone from the group could get access to the data room. I have no idea what the requirements are apart from the NDA. I have no trust in the company to market this properly after their track record

Correct, the bonds killed the company in a short period of time. This is a last resort option. Shouldn't even have been considered for an increase in assets. Then to go back time and again as the sp crashed is criminal. Literally. Then there was the obvious shorting that was ignored. Then there was leaving fund raising to after defaulting ensuring that it was at the lowest price possible. I could go on but that's enough to tell you they were not working in shareholders interests

Vlad, the context of the RNS was clearly where the company was being wound up so basically where we are now. The debt today is not 135 million so yes 100% it was a lie.

So who exactly can view what is in the "data room"? Can a CAG representative sign up to NDA and get access? I am pretty sure the info there would be very interesting. Maybe the info not there would be very revealing as well.

Yes Burren, someone is getting a bargain at our expense. Pity the CAG couldn't have got equity/loan to bid just above. Without the bonds there would be a great future here

Yes we are coming after you not simply for losses but for compensation for where we might have been if you had acted in the interest of shareholders. What would the shares be worth now if you hadn't signed up for that idiotic bond deal. If you had concluded the JV. If you had injected gas and increased production. 10p more even? Then there is compensation for stress caused. We have seen some of the lives ruined here today but that's a drop in the ocean. We are coming for you and won't stop, ever. Another Rocky quote. "You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit. It's about how hard you can get hit and keep moving forward; how much you can take and keep moving forward. That's how winning is done!"

Rodney, true it still exists for a few more days then it either goes bust or any funding at these levels means it is effectively finished anyway. I guess everything depends on reset of bond price which I just can't see happening.

Lets hope the people who destroyed this company end up in Shawshank!

"A bond reset at 6.75p with 3.67 billion shares in issue equates to a market cap of £247million.

Is that realistic at this point in time?"

There will be no bond reset as it would be an admission of guilt as well as the issue you pointed out where there are just too many shares in issue now and that won't be unwound. The scale of fraud here has left no options available now. It was all over when they issued billions of shares at 0.0015

The CAG need to go forward with the civil case immediately and forget about COPL as a company - it no longer exists

Only 50% - give him time. His talent normally manages to achieve 99% loss

Why in hell would Coro look at his trail of destruction and think that this scumbag is the best option for their company. I despair.

Are we talking about a civil trial here or a criminal one? You don't have to prove fraud beyond a reasonable doubt in a civil trial.

"Tom Richardson was appointed Chairman of COPL on 6 September 2023 which was the same day that John Cowan was appointed CEO. As key executives of COPL during Q4 2023, what do they have to say about the above?

It looks like we will have to go to court to get the answer as these crooks have decided that saying nothing is better for their defence. Think that is pretty much an admission of guilt anyway

Also need to take into account that Kravitz has full access to company documents and is legally obligated to report any fraudulent activity found

Oh well it was fun while it lasted. At least Sharebel has cleared off now

Think Brattus is on to a losing argument there. Next he will be telling us there is no link between Anavio and TR.

Yes the contract was ridiculous and I have no idea why they would have entertained it in the first place. The purchase of additional asset is perfect for a simple placing. Why would a last resort bond deal like this even be considered suitable. Then going back to them to get more finance but this dropped the conversion price of all bonds. No way this was the best deal. Did they try to get alternative financing. If not they are in real trouble trying to explain their actions in a court.

Medjed, Anavio got 1.3bn shares and they hold half of these, the other half went to some mystery buyer who has not issued any TR1 so totally transparent and above board there and we have no idea if they still hold these. Tosca got 1bn shares for the bond interest and last we heard they had sold 150 million of these and maybe offloaded more today. There is no evidence that any other II is holding any substantial amounts although as we have seen TR1's are now optional.

Medjed, I should have said in worst case they won't lose anything. Most likely they will do better than break even if it goes bust, a few 10's of million profit maybe. They obviously win big time if it is sold for your 200 million and anyone who bought in the last month will do ok as well. I guess it depends on if this 200 million valuation is realistic. We have no idea what was discussed as part of JV so are only guessing at valuations

"Then its game over for them too, they still hold 24.5% Anavio and 24.5% the other single entity"

Anavio have already got most of their money back from converted bonds and bond interest payments. If the asset is sold they will most likely get something back from that so they won't lose anything. The asset is apparently not worth $135 mill according to our honest and esteemed BOD but if in the future you think someone will make an offer of a few hundred million then Anavio will convert to own over 90% of the company so they will win big time. The game is not over for Anavio, they win every way. Great bond deal!