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Bought more at 0.48p

Looks like extra 5bn shares are bing churned and there is overhang. Similar to what RMM had. They had over a bn shares of churn and took a month to clear before sp moved.

COPL has much more to clear than RMM, but should have much more Daily volume going thru it, so it should churn quicker imo and then it should move like a train

Blimey John - You’re on fire right now

Thanks for all the recents posts and sharing of research.

Yeah TB only invests and sells on multibag uplifts and that is what he ‘manufacturers’ in his own stocks

That placing price he conjured up was nuts and it’s nearly bagged already....you need to be ‘in the know’ when to invest in his stocks. Bet you the MMs love him

Looks like products will be launched in mid Dec

There are also 5.5bn (50%) more shares in circulation post relist which will cause a natural drag on sp.

I suppose The most optimistic view here, is that given the prolonged suspension period and the increase in oil, this could attract euphoric sentiment and liquidity upon return post rto and this could be enough to spike the sp before the effect of share dilution and overhang kicks in, but who knows.

There is also a question mark around When share consolidation will happen.

Still lots of factors at play here imo

Hey Will,

Q2 results were due to be submitted mid Aug, but have been pushed back to end of Aug / early Sept to allow for relist. These should help greatly understand productivity uplift

For now though, I think we are relying on projected figures in prospectus On p.34-35

Hey Halfbutt,

The relist date is actually specifically mentioned in prospectus On p.29

http://www.canoverseas.com/wp-content/uploads/2021/08/COPL-2021-Project-Jackson-Prospectus-FINAL.pdf

First important point to raise.

According to FCA release,, COPL is going to relist with 15.6bn shares.

When is was was suspended it was at 10bn mark and 4bn more to add from last placing of 14m, so this another 1.6bn on top of that, so that is some serious dilution and over hang to factor in here.

It also suggests there is no immediate share consolidation upon relist either, which makes it easier to compare sp.

Now I just need to find where in prospectus it talks about projected productivity levels....

Blimey. Prospectus is 425 pages!!!

Hey 1509,

Well done seeing it it thru.

This is the 3rd and last of the SpAc I have invested that has successfully suspended thru rto.
Now we have the waiting game of how long they stay suspended.

Sincerely hope they are better prepared and On top,of their game to rto and and relist than COPL is. can’t believe the ongoing holdups and delays with that one and still no expectation mgmt by bod on timings. So poor

Thx Troajan.

I think everything now rests with FCA

So what what do we think remaining hurdles to relist.

I reckon we still need

FCA review and signoff Of Q1 for inclusion to prospectus.
FCA Signoff of full prospectus for public circulation via RNS
Subsequent FCA agreement for COPL to relist, date agreed and RNS Issued

Conservative estimate for relist : 2-4 weeks Is my gut feel as long as no more challenges from FCA

According to Telegram group, Art is aiming to submit Q1 financial to FCA this Fri to update Prospectus

Sincerely hope this is the last requirement here to enable relist, but get that nagging feeling FCA still have questions / challenges for Art about how Atomic has been financially managed over the past 3 years. hope I’m wrong, but this reality has taken far too long as it is if proper due diligemce has been done on Atomic in first place.

Given we are fast approaching summer holiday season, I wouldmt be surprised if this goes on until Sept now....

On a technical basis, it went into oversold territory yesterday on RSI and also hit a support point of gap fill from early Jan at 80p level, which it has bounced off.

An anti climax indeed!

By my reckoning, given the major share dilution and a further placing yet to come, I would need a mcap of new company at IPO of around £300m to break even I think !!!!

Tend to agree with Brutal. Doesn’t make sense to leave such a major announcement right upto deadline day with a valid reason.

I reckon, no RTO yet, discussions still ongoing and suspension of stock cob.

SP wll then drop to 0.6 (or lower) by cob and this mcap will allow RTO deal to be sealed with target during suspension.

IPO and relist hopefully in Q4 with float price between 1-1.5p Imo.

Let’s see...

Sorry All, but.........FORZA ITALIA!!!!!

Congrats Ihowells.

My pics

MXC - well oversold and expect CBD to come back into sentiment in Q3
PAT - cos I’m following Saint Tropez
CMRS - same reason as Bojo

Hey Fek - Zzzzzzz is being polite

This market is now beginning to wind me up!

With JM prepared to take a loss on some of his holding this Biggest clue yet the he thinks this is going into suspension with no rto agreed.

My view now is RNS update this Friday and then this goes down to 0.6 or lower before suspension

Ccap have been suspended for almost 3 mths (9mth since inception) and still no news and cash is burning. Only 3 mths left before it either has to raises £6m and become. investing co. Or dissolves

On thing for sure. SPAC RTOs def not easy to complete in prescribed period on AIM even if target found

Ccap gave a 2 week warning RNS that is wasn’t going to RTO before deadline.
Let’s see what RDGC does.....