Member Info for jazzyjim

"Exactly, after over a year, you’re telling me there wasn’t even a lowball offer from JVP? Is a lowball offer better than bankruptcy? This silent board need to come clean"

I suspect that coming clean would not be in their best interests, so in a way the silence does speak volumes. The only way we are going to get any information now is through an investigation. It is obvious that only the minimal information will be provided from now on so in effect they have abandoned their legal obligation to shareholders. I also suspect they wanted their own man doing restructuring rather than an independent administrator to protect themselves.

"The U.S. Securities and Exchange Commission’s (SEC) Office of Investor "Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or misleading information"

They could do with issuing an investor alert about the BOD fraudsters spreading false or misleading information or as of late issuing no information at all

I don't give a toss what Blackstout said as he has no legal obligation to shareholders and it was obvious he was batsheet crazy. What the board and ex board members said I am very interested in, and indeed what they didn't say. They are keeping very quiet about the reason for JV failure after 15 months and a LOI. That is very suspicious.

Tonlin, as you say if we can't go on the word of a CEO when they have a legal responsibility to shareholders then there is no point of the stock market or any regulation. That is why it is so important to pursue and hold accountable the individuals here.

Some here try to make out that it is a victimless crime or that the investor is to blame and should take it on the chin etc. It is not and hundreds of people has been affected. Who knows how many families have been split up or if someone is hanging from the garage rafters because of this. These people should be pursued relentlessly.

Coplherder "It's not normal to make accusations without more evidence."

You seem to think that shareholders who are thousands of miles away from the company and don't have an invite to board meetings etc should somehow be able to obtain some cast iron evidence of what has been going on behind closed doors. Do you think we have international police powers to interogate people or request company documents. We have nothing to go on but what was presented in RNS and that has been pretty much nothing in the last 6 months. We are shareholders not the fookin FBI

A deal that benefits bondholders and is detrimental to shareholders. CEO, board gone AWOL giving no information or explanation. Shareholders no right to vote on this. No way this should be continuing trading.

I have submitted a complaint to the ASC. Please take the time to do this, what have you got to lose?

https://www.asc.ca/complain-or-report/

Has anyone contacted these authorities yet. Could you post what you sent or are going to send so I can include in mine as well as and add to it. Think we have to try to get the share suspended and an investigation into the latest deal with Anavio which is not in shareholders interests. I am sure there are other areas needing investigation as well.

As I have already said, this deal is fraudulent. It is in the benefit of the bondholders and detrimental to shareholders. The board has no authority to make this deal. They have to default and let the administrator deal with the sale of assets. The share should be suspended immediately pending an investigation

Unnd- it doesn't matter the assets sale price, Copl need to get 10s of millions more in any scenario. Can they really? They will be employing someone to do this in a two month timeframe the same as the administrator would.

Unnd - if you or more importantly the board cannot convince us that scenario A is better for shareholders then it is fraud

Scenario A- COPL sell assets for say 200 million leaving 100 million for shareholders. Anavio own three quarters of the shares so we get 25 million divided by 1 billion shares

Scenario B - Administrator sells for say 180 million leaving 80 million divided by 1billion shares

Unnd - it is the board that has defrauded the shareholders not Anavio. The board has a legal duty to shareholders and I can not see that in this deal unless they can convince us that they can sell assets for 10s of millions more than the administrator. Take your above 101 million figure and work out how much the shareholders get in both scenarios and you will see the scale of the fraud

Unnd, the board has a legal duty to the shareholders interests. If they are clearly working in bondholders interests as is the case here, then that is fraud and the deal cannot stand.

Unnd, if you work through the same figures if this had gone straight to administration you will come to the conclusion that the shareholders have been defrauded here. No way this is in the best interests of shareholders

This is a complete fraud. It is not in the interest of shareholders so whoever signed this off has no authority to do so. It is simply a transfer of any proceeds from asset sale from shareholders to bondholders. Better for shareholders to let administrator sell. We would need the company to sell assets for 100 million more than the administrator in a two month timeframe. How likely is that. They have a duty to the shareholders which they have not shown here. Let it go to administration

The Wyoming Governor might have to put some of the copl conmen up at the states expense for a few years in the state pen

I voted against Art at the last AGM but unfortunately very few others had the balls to do the same because it would hurt the share price. Well here we are now. New management was needed to see what was truth and what was lies here. Any competent management should have seen that the only way out of the funding mess was a JV or complete sale and that should have been priority here.

AIM wouldn't have them. BOD were too corrupt and their market cap was too small

"Whats JV got to do with its core business. Do you guys even know what this company does and what’s it doing right now…??"

We have no idea what the company does as they don't tell us anything. I would guess they are trying to come up with a 'strategy' right now although I would have thought they would have one already if they weren't incompetent. The JV had a lot to do with core business in that we have no cash, loads of debt and bonds and raising any more cash is near impossible at the current share price. It would result in massive dilution, even bigger than the massive dilution we already have. So yes it is kind of important

" So Anavio are the BH's! This company are the pits sooner we get rid of them the better. Ive had dealings with this company before, they short stock and then go long replay and start again"

Of course they do. What would you do if you held all the aces like they do and can make a fortune from the share price going down or up. The time when they were dumping 100's of millions of shares in a short space of time or more recently when they sold down to get a 2.6p conversion price tells us all we need to know about them. Criminal! Bonds are the way to go, shares are for mugs. You can buy bonds with a 16p conversion price and if the share crashes you can just change that to 2.6p no worries. Bet the people that bought shares at 16p wish they could do that