Member Info for jazzyjim

Toffers, thanks for the free legal advice. I still think that your advice to not take a civil case unless a criminal case resulted in conviction was the best though. First class, top notch legal advice right there. Clown

I don't know Treefern personally but I assume he has not defrauded hundreds of people out of millions of pounds so I expect his family to be safe. The fraudsters have threatened my family when they set out to take away our savings and future and I feel extremely angry

Smalltrader, RBM and the SHG can absolutely do something and I support their efforts fully but it is a fact that organising a group like this and keeping it on track is more difficult than if it was a single entity. The Anavio fraudsters and their stooges on the BOD were banking on lots of outrage but no action. I believe that the outrage is not subsiding and legal action will follow and we will win.

No, I literally said that we are average law abiding people so how is that advocating breaking any laws? That is saying the opposite surely.

You mention the legal route but again the deck is stacked against the average person. If there was a large institutional holder they wouldn't try this either as they know that there would be immediate legal proceedings. They know a disparate group of relatively poor individuals haven't the money or organisation to do anything. We are the perfect mark.

Smalltrader, it is a shame that you are not so outraged at the fraud carried out on hundreds of average people, some whose lives and future will be ruined. I think that is disgraceful! The truth is they wouldn't have tried this if the mafia were a major shareholder but they know they can get away with it against average law abiding people.

Toffers the legal guru who thinks that you are wasting your time with a civil case unless a criminal case has found someone guilty first. Well that would be why the vast majority of civil cases has had no criminal case. Maybe you should have advised Prince Andrew and saved him a few million. We all know that the proof of evidence is much less onerous in a civil case. Why do you think all the millionaires tend to lose them or pay off the person to avoid a trial. If I was a Cayman Island hedge fund or a fatcat BOD I would not want to risk it especially when just about everybody hates this type of greedy, immoral lowlife

Stas, even if you assume heavily discounted placings the shares in issue would be a fraction of what we have today and there would be no further bond debt/dilutions. The share price would be many multiples what it is today. We have been done up like kippers. I don't buy the board are incompetent nonsense. They are very competent, certainly competent enough to check that legally they didn't have to get shareholder approval each time hey went to get additional finance from bondholders. Morally maybe they should have though!

Bonds with these terms are always a last resort. Are we to believe they could not get a share placing for the increase in % of assets when they bought CUDA. Are we to believe that when they went back to Anavio time after time they thought that dropping the conversion price of all bonds was the best deal. Are we to believe that they forgot to sort any financing before default was called on numerous occasions. Are we to believe that this was just incompetence from and experienced BOD? Would they like to produce proof that they seriously tried other options?

MickR, the game has been played already and it is now game over for anyone that has been holding for more than a few days. The fraud is now complete.

"either oil is there and the board are trying to steal it with their partners or the oil isn't there and the board has lied and defrauded us - either way they should be prosecuted"

i think the oil is there. it would be clear fraud to lie when there is a report from rs and i don't think any jv partner would have hung around so long if there was no oil. the scam is the bonds. according to the bod they were the best option but bonds on those terms would always be a last resort. just look at the dilution caused and the massive dilution to come. at the same time we have huge bond debt. if they had went for discounted placings i would have expected the share count to be less than we have today but we wouldn't have the bond debt or the massive dilution to come. i hope they have proof that they did everything to avoid financing through bonds. best option my ****.

Was Anavio ever really the best option. In the recent RNS they do try to convince us that other options were tried with two unnamed brokers mentioned. Does this include all Anavio financing including the first? It doesn't actually state this.

How could it possibly be the best option? Take a look at the debt still outstanding on the bonds and the massive dilution already with limitless more to come. Repricing of all bonds is a con and to be avoided at all costs. Are we to believe that an experienced CEO and CFO could not see this. Many AIM companies manage to get placings with less income and less assets but we are to believe we couldn't get a penny.

Latino, if you think this is a great RNS you haven't been around here long. 95% down in a month, 99.5 down in a year.

"Yes an open offer at .15p would be good. We need to avoid Anavio resetting the bonds and warrants to .15p.

Keep them at 2.6p"

We should have kept them at 16p and we might have avoided this sheet show but our fraudulent BOD decided that resetting and resetting bonds was in our best interest. Scum

Correct, a competent BOD would have realised that they were not in a position to buy CUDA. Once they had bought using bonds they needed to make sure any further cash raises would be by placing and not renegotiation to bonds. We just found out in the last RNS that they had the option to do this but didn't for unknown reasons.

Trans, you have said that you believe the JV was made up and now you say there is nothing legal to pursue. Which is it

Well nice of them to tell us that the JV was terminated by the counterparty but the real thing we are interested in is why and was there any offer or what was being discussed. I think the fact that there was no elaboration on this suggests that they have something to hide. @RBM could this be asked by the shareholders group.

They were last seen in the Cayman Islands in luxury villas paid for by the shareholders that they robbed

Mcadder, anyone with a GCSE in maths was wanting this suspended and an administrator appointed way back before Christmas. Should have had a vote on the crappy deal the corrupt BOD came up with

There is no BOD as far as shareholders are concerned. They have gone AWOL and are in no way working for the shareholders that they are legally obligated to work for. They have given majority control of the company to Anavio without any takeover rules applied. They have made current shareholders a small minority in the company without any vote on this. So yes there is no way this company should still be trading. Regulators - suspend and investigate!

After 15 months and an LOI for 5 months we suddenly have a very short RNS that the JV talks are off and no further talks planned. With no explanation or info on why they failed. This info needs to be given preferably without having to go to court to get it. It is kind of important seeing as the company effectively went into administration the next day.