Member Info for leew

The issue they have with converting is who takes the shares as no one on their right mind would pile in heavy unless looking to do some very strategic with COPL or another “3rd” party that seems happy to hold even through the BH can screw the investment at any moment!

Has everyone started weekend beers early?

If we had a take over offer of 8p next week I would eat an entire hat collection let alone a single hat.

That move would however certainly kill off the class action suit I recon as I would happily accept it, and do reasonable well from it.

It ain’t happening and with the trading volumes today I assume the big % holders are transferring out to smaller known holders in readiness for more bond conversions to ensure they don’t go over 30%.

The operation of this company is as predictable as it is ridiculous hence I for one will fully back the class action (unless we get 8p next week)

We are not driving the car, we are just in the slow no car crash and you know how it ends but want to be in it to try and claim back something at the end.

In terms of a position they have taken the question that would be asked is as follows.-

Why take that position when existing BH have complete control over the company SP currently based on their terms.

There is no logical reason why a “3rd” party would take that % unless they were significantly aware of the next steps in the dance.

So let’s see what the next steps are, for us SHs it’s irrelevant as via the CAG we have already decided what to do so the unless the next steps involve reaching a SP where the retail base decides that’s good enough to cease the selected CAG route then what plays out now is just noise.

Shock horror they are linked, would never have assumed that 😂

Stas, I agree and maybe once some sort of class action is in place and official some information can be shared with all involved and I am sure between everyone in the group there will be some Interesting contacts

So mates ( as declared in the below) designed the bonds on better terms than the bridge loan!!!!! Admission of a friend deal right there which I had forgot.

“they took the majority of it it was designed by them and they approached us you know the fellow who runs the fund at the end of May and said look I can offer you a better deal than you the bridge loan that you consider that you announced in April and I'm, we're shareholders and I think this is the a benefit to all the shareholders and and it was designed for shareholders.”

Stas, the issue I have with the rbl is that it was a company priority in 2022 and 2023 and most RNA references and videos were positive and it never happened intent we never had any communication to indicate why it never happened and I can only assume it did not happen due to a material change we should have been aware of to again support our decisions.

I suspect the next nonsense from bod, other than more bonds, will be a “we have worked so hard and are pleased to off SH with a opportunity to be part of a raise that once complete will allow for more bond conversions / interest payments while we do nothing with the money”

Submitted all my information and will happily support with time and resource if needed.

I would happily give up time, and although what I am about to say makes much sense I would swap the opportunity to get cash back to see the truth outed and then the subsequent punishment if wrong doing is proved.

The main issue is everyone is starting to come to the party late in investing and realising at this level of company it’s there to make the lenders money as the primary goal because if it doesn’t they don’t lend when you need it next time.

My personal view is this way of supporting companies will end when retail no longer want to participate and at that point my assumption will be precious metals will be the go to investment, which is why i have investment in gold miners via direct retail investments and also via a couple of funds.

Will they ever 10 bag (not for decades if they did) but will they creep up over time, yes.

This was a lesson for many and not something anyone should repeat again. Recently another company i was in annoyed bond financing on terms that are not as bad, as i am not sure that’s possible, but still i sold out instantly due to the “what can happen if the BH want to “ situation and low and behold the trading patterns have changed and SP is in decline.

Exactly, let the BH trade between themselves as for anyone else to invest/trade with anything other than beer money is pointless.

Let’s see what TR-1’s come out as there is about 50% of share base now that is likely organisations that we don’t know. Although let’s be honest with COPl it will be 4.9% being held by numerous investment vehicles.

No it is coincidental that larger sells start and SP drops before each bond transaction that utilises the VWAP aspect 😂

There we go, thought it was going to be a few more days but I guess they got it down for a few days to suit the VWAP.

Thank you BOD, read that RNS and think about that solution for a minute and what you have done to the company.

RBM I guess that’s the company answer to the groups questions

There can be no further fund raising while the BH terms are still set as they are today unless the new investment is promised certain terms as well.

Who in their right mind would invest any money with the BH terms unless they were basically the BH.

There are ways out of it for everyone to still do ok but takes willing parties and some need to cull their greed a little, which won’t happen I will guess

Must be looking to have an interest conversion on the BH conversions in the next week or so and need the VWAP down.

Shock horror, who would have thought, oh wait no it’s been rinse and repeat since the day we heard about Bonds.

Wybased, the confidential wells and completion's that were planned / ongoing apparently seemed to have been news and then just forgotten to ever mention again. Probably another carrot from the company to help churn some shares.

Edgein,

I think there are a number of people waiting at the moment and the next move from the company/SL/BH’s/anavaro, which will no doubt determine what will happen.

There are ways out of this if parties are willing so let’s see if they are there to support COPL/SH’s or they are all their for the gain of a few, which is not within the legal job description of a BOD member.

To make it clear as reading it back the irony could have been lost so obviously I don’t agree with the nonsense from Trans

What a quality post trans.

I don’t see why people are bothered by what others do, have an opinion and then move on. Expressing a view is fine, constantly talking others down on their opinion is a waste of time but seems so many people want to do it.

Baserite,

You are correct I posted earlier that if I had a choice of getting some money back or losing it and having to put more money in to make sure the truth / all information is available via some legal means I would choose to invest more for the legal approach.

The only caveat on that is if the company suddenly starts to perform, with a clear plan, and not for the benefit of a few people with some adjustment to horrendous historical deals I would consider actually investing more in the actual company

If they did what has been suggested, got a raise off for 10m then it solves the issue and even with the terms of BH overhanging it would be profitable and lead into positive cash flow.

Interesting to see what happens now but someone either flexes or feels there is nothing to see and pushes ahead on current trajectory and accepts the scrutiny and risk that comes with it.