Member Info for leew

Not missed anything the court have just approved the process, which is was always going to do so not sure why the shock and sudden realisation the money is gone. Since this process was kicked off it’s always been wait for the class action and see what truth comes out. If it falls in share holders favour wait for some years for some cash back.

Maidit308,

Would not cross your fingers for a CO turnaround they decided the action and it’s happening in front of us. I can’t see how it is stopped at this stage, it’s about getting the building blocks in place for the legal case and asking the right questions at the right time, so that information request can be called upon in future discussions.

Peoples may think otherwise but I can’t see it and that’s just clutching at straws and not not accepting that the company have decided the route now and I suspect the courts will ratify it as how they got to this situation is not likely to be relevant to passing this process off but I would love to be wrong

Or let’s say possibly shorts the company as the legal process can decide who did what and why

Eez, that’s why there was a GGS upgrade that allowed production to increase to a level of profitability above 1000 bopd, but if you don’t get to use it then it was just another carrot dangled, while others short the company.

Thanks RT, even if I suspect there is very little chance of halting the process now these will be very important steps in the dance for the legal proceedings that follow.

Eze, just let the process play out then it’s that simple, no one has anything to hide, it’s all been fair, and PI’s are complaining about nothing or they have been shafted.

Let’s agree the legal process in a class action can determine the truth on that above and that’s not a 5 min job so your assumption on a court case not starting is nonsense.

Thanks Shaa, will have a good look later but initially I really liked the media page with all the videos created by COPL bragging about how amazing it is, and suddenly the company has done a 180 on that.

Shouston, for me it is not the historical amount taken to get to this stage. It’s the fact that after all that growing pains it was ready to move into profitability so now would/should have been ideal time to be hanging on to shares and reaping the benefits. However the actions of others have put pay to that situation hence why I am only interested in the truth now, it’s not about the money, and to be clear that’s from someone who actually would like the money

i tell you what the rna, today had left me stuck for words.

the company had been run like a joke and from this point onwards my view is i just want the truth. it seems information is uncovered and then some hindsight **** covering paperwork is done.

to put this very clear if this was advised at the time i would have run a mile, but i did not and now i am losing out due to withholding information so as far as i am concerned let’s just all get behind the cag and do what’s need.

sell the asset for peanuts if you want, as not interested in any fair value now i want forensic accounts all over copl and it’s stakeholders and i want the full legal process to find out the truth.

You will get responses that are abrupt from PK, he is an interim CEO and the CRO who’s job it is to move the company out of its current hole, in a certain time, before the agreed new money runs out.

He is not there to decide how COPL reached this situation or in reality have an interest in it. There is a process and that’s that.

Ignore COPL from this point and just concentrate on the legal aspect with the individuals and pursue that as regardless of a simplified response from PK, there are enough discrepancies in communications, and past performance that require answers and explanations that can only be gained via legal routes as the company has decided the approach.

Neil, the money is lost to this process I agree as PI’s won’t change this process now however unfair it is.

However give the class action that is in progress some official reaction and participation in this phase is necessary to able to point to “prior knowledge” in future stages.

Basically emotionally detach, start the legals, and accept you might get nothing or you might get something back in 2-5 years :)

I was stopped out years ago in a company called teathers financial plc in 2015 and this week had notice in the account about reverse take over and name change so still lost most but when it IPO’s will get something back.

Stas, good bones to a communication.

I would personally alter the statements where you state wrong doings and leave them as areas for review.

At this stage I am leaving communication to the CAG although not knowing what the status of that progress I am starting to consider acting. Not that I don’t have faith in the CAG, it’s just I don’t know as although I am part of the data submission I am not involved

Also their max short position was on the 12th Jan as we were rising in price. However a speeding ticket announcement on the 12th Jan from the company stopped the rise and then 2 days later they had closed the full short position.

I like the short position increase after the 3.5m funding announcement in sept 23 through to 18% short that culminated in the sp collapse and subsequent rest of funding to 2.6p. Almost as if it was planned to pay less……….

This company and groups involved are unbelievable. I would lose my money twice to see the truth and people brought to accountability.

The missing piece of jigsaw is if the process completed for a valuation of debt then where does the asset eventually end up.

Edgein,

Your right on a having a field day, basically investigate these aspects of COPL.

They talked it up

They raise money to provide new needed functionality

They did not use new functionality

They talked it down, whilst significantly increasing qty of shares.

The inconsistency from the company are easy to see so will be very interesting to dissect each phase in detail and importantly in public.

Money is irrelevant to some degree I want the information in detail now

Thanks RBM, a lot of new info around after yesterday or a new take on old information so fully understand. When going through proper process wrong wording issued In haste can have effects later on so fully understand.

Shouston, why can’t it all be for fees and keeping the lights on in the asset sale at a stupidly low level.

We are past the point of return now after the detailed Sedar documents. They are going to sell the asset for peanuts to cover the debts, people wil make money out of the process, the financing, and whoever gets the asset will make money. The one groups who don’t are the SH who support the company to reach the stage where they can be shafted.

I for one completely adjusted my portfolio in Dec based on this horror show and from this point onwards will only use small caps as a trading opportunity and never hold long term

Taking this the legal route will bring the truth out either way so let’s just go with that now. The place we have ended up is obviously a disaster so now let’s get the truthful reasons on why because with the RNA’s the bond conversions and significant drop in SP based on large volume days before conversions etc does not look good.

It could take years but now I would happily accept 50% less return to see the truth come out and get something back as opposed to a dodgy deal now, and I don’t care if it takes 5 years.

Agree with the financing, but don’t confuse poor financing / conduct meaning poor assets.

The producing field was at about 2700bopd when GGS pipework failed, it was upgraded to reach above and beyond 2700bopd. Work out the revenue on that , there is nothing wrong with the assets.