Member Info for leew

Could be and you have heard a rumour are significantly different ways of expressing it

Thanks Stas,

So just to confirm I chose them months as when they mentioned they had double injection rates based on recent injections that was the period I deemed recent and shows that comment was smoke and mirrors.

If you completely shut a well off and then use that as an example of doubling injection rates , without including the date to explain it then it’s every misleading !

Stas, can you drop in July, August, and sept 23 as well please :)

I know it’s cheeky but for me that would give the whole picture. I am on the road and have the data at home but in your format on this thread would be great 👍

Well that’s a fantastic piece of made up news hope it helps your trade though

Agreed they told us the GGS was working and for a change data backs up that particular statement they made.

All I know from some experience with businesses seeking financial support is that there is an unbelievable amount of Due Diligence that starts a significant amount of time before it’s needed so I am really interested to see the paper trail with other parties that kept meaning BH was the only option each time.

If there is not much it was not done and if there was a lot but conclusion by others was it is not investable due to existing funding deals (I. Le, BH terms) then that fully supports the SH view that the terms were not fair.

That’s the paper trail / comms to understand as if 3rd parties were involved their comms / views are not aligned to COPL and hence very valid for SH’s

I know what the did and did not do hence I am happy to be part of the class action.

Does any data show double injection rate between them 44 days and let’s say the previous 100 days to demonstrate injection rate’s doubling.

It’s rhetorical question.

I know. We spend 4.5m in a chocolate teapot because without using it for the potential it offered, we might as well have not spent the money initially.

Shareholder and friendly have never gone together at COPL and the reason I am adamant it will be the full class action route is I don’t see anyone over turning the poor performance in their own.

The new CEO is there to support restructuring with the SL in mind (my view) so therefore my assumption is more massive dilution to get it moving and basically instead on 1b shares we will end up with 10-20 times that but capital to proceed as a business plan. The damage to the longer term SH’s will be obvious and 3-4p will become the old £1 party lol. The only part I can’t square is no new investor would invest with the BH on current terms so do they take a huge amount of new shares now and alter terms for the remaining to allow new investors in?

Where as a simple raise at the right time and less negative BH terms would have meant 50p was the new £1 party, which everyone involved would have accepted as necessary dilution and not the situation we have now.

One of the very relevant questions SH’s have but never got answers for.

All my estimates showed we would likely be self sufficient during jan 2024 so to go from that estimate to “we’ll need to borrow £2m to keep the lights on and have to give them upto about 10b shares in return was a real kick in the teeth.

So much so that my current illogical thinking is if I could get back 100% of my cash tomorrow or 50% in 3-4 years after a class action and see people in charge put into a tricky position I would take the 50% which makes zero sense financially lol.

Yes I will get ready for another event that will bring us SH’s no joy and get drenched lol.

Just need to get Feb out the way and then all positions, games, and future games will be known the just settle in for the long slog

Harry, you have the same opinion as me hence I fully happy to proceed with the class action as I see that the only viable route to gain the money back. No-one is every going to reset the bonds unless Anvario decide to do something themselves whilst working with the SL and share holders, which I assume they won’t based on what’s gone on with this share.

Neither have we either RBM, hope us PI’s one day have a good day in COPL

I can’t see how that’s really possible at this stage without significant intervention or suddenly someone deciding to level the playing field themselves which would be an ideal situation but will never happen IMO.

Still I assume the VWAP needs to be lower first so let’s that needs to trundle down first

Finwittrader, yes the last few sessions seem to be taking on a more normal feel, I.e. BH getting ready to apply another huge dilution % for next to zero monetary value to COPL or its SH’s.

That’s why it’s un-investable.

No-one would invest in COPL with the BH terms in place other than BH but now if they invested more they would not be able to sell on unless the company came good.

Genuinely I have some views on how it can be resolved but each rely on the BH / COPL starting to act like they want a functioning company and not functioning financial cash cow for certain investors and not everyone.

Has anyone actually worked out the money made from each bond that’s been converted to date?

I know it’s not simple given the selling of shares etc, but I recon someone has done really well out of bonds and associated trades because they always seemed to be sells to get the VWAP down for interest conversions lol

Stas, you can’t help some people, still it’s a real shock we are seeing large trades in the downward direction. Now where have we seen that before !