Member Info for Medjed

Thanks maidit!

I thought my post got lost in all the other posts.

That’s a real shame, I was really hoping for a bounce back to 0.15 at least. Lets hope the Shareholder Group can win some battles for us poor lth.

If they forward sold them won’t they at least have to cover? That could produce a little rise?

How do these new Anavio warrants work please?

Does the SP have to be 0.15p & above for them to be able to exercise them?

So Victorious Secretion thinks that some fool of a ‘single entity’ was happy to purchase almost a billion shares in a company about to go bust?

VS sounds like a very intelligent poster ;)

Thanks for doing that Watty.

I would hope the company will talk to the SEC to at least get the culprit brokers fined, and to pit the stock on their ‘hard to short’ list.

Currently they are running amok shorting millions of shares when it suits them.

If it really is a 1 billion barrel field, and as someone quoted profit per barrel is $11 (for COPL at least).

Even if just 2% was extractable that’s 20 mil barrels is $220mil in just the oil. Not even counting the infrastructure. So should be a easy sell to a major?

My thinking is Anavio make low ball offer for remaining 10%? of shares they dont own (before 29 Feb). Pay off SL with their own cash, then magically the field starts producing.

Thanks Blades!

Ah didn’t realise that policy 4 exempts Anavio from having to make an offer. Damn! Tricky tricky.

Lets see this TR1 then for this non exempt party, if they now hold 25% of shares they may have dodged the FTSE offer rule but will trigger the Canadian one?

“In addition, immediately following the Transaction, Anavio held 1,312,232,633 Common Shares, representing approximately 49.4% of the issued and outstanding Common Shares”

Under Ftse rule 9 offer, how long do they have to be over the threshold in order to have to make an offer for the remaining shares?

Going by that article they were over the threshold, both in the UK and Canada.

Also completely agree, where are all the TR1s???

Hundreds of millions of shares flying about don’t tell me no one crossed the threshold?

Seems to me these FTSE rules are very laxly applied

Yes unfortunately naked shorters (exempt brokers ad MMs) still fully in control.

Look at Fintel, 6 million shares shorted on Friday!

Public float is only 200k!

Saving grace seems to be they are unable to push it much below $2.5 and it keeps wanting to fly.

I’m not sure what event is going to make them give up. Hopefully something related to the government funding. If the government wants this company to succeed the naked shorters will have to be kicked off eventually.

Never seen anything like this! Unbeleivable!

Random thought.

For the sake of argument if Anavio did manage to own lets say 90% of all shares when the placing shares land. And were forced to make an offer for the whole company (under FTSE Rule 9)

They would only be making an offer for the remaining shares right?

The other 90% they already picked up for peanuts are already theirs (in this example)

So even if they had to make an offer under FTSE Rule 9 its only for the remaining shares they don't own, even if its at the highest price in the last 12 months, that's only around 26 million shares at 6p which would be only around £1.5million?

I'm not saying this is their plan, but if this is right they can already buy the company on the cheap at any time?

Or have I got that completely wrong?

How are they going to do that and at the same time avoid owning more than 20% of shares in the company triggering the Canadian rule having to make an offer for the whole company?

When they get their placement shares they will own over the threshold already.

“Anavio’s aggregate holding of the Common Shares, the Bonds and the Warrants represents a total interest of approximately 85.6% of the issued and outstanding Common Shares, calculated of a fully-diluted basis”.

Is this from today's RNS?

Will be interesting to see when their placing shares land. Won't they have to make an offer to buy the company under both London and Ontario market rules as they will be both over the 30% and over the 20% thresholds?

Unless they carefully forward sold most of those placing shares in order to be under 20%, in which case the above 85.6% figure will no longer apply.

Exactly. otherwise, if there was nothing there, barely enough to pay off SL in a fire sale, why bother putting so much money in? Doesn't seem smart if company is worthless.

Tempted too. Took some out yesterday at .1366

Surely its got to go back to .15 so they can exercise those 1.3 billion warrants?

· On closing of the financing, Anavio will hold 24.5% of COPL's issued and outstanding share capital.

Won’t Anavio own at least 50% of all issued shares? I am sure the own some shares already they are not on zero.

24.5% issued & outstanding does that include all warrants & bonds?

Can’t figure out how they arrived at this figure.

What about those 300 odd million converted recently from bonds? I would have thought current shares in issue are 1.3 billion until the new Anavio 1.3 billion land imminently.

Bootie you just lost all credibility by recommending Martinigirl a well known utter de-ramper negative poster incapable of an atom of balance in any of her posts.

My finger is hovering over the button, its very close to green bin for you :)

I think you missed out a decimal point?

At 35p the company would be valuead at almost £1 billion that isn’t going to gappen I’m afraid

Don't jump your guns. RNS was probably leaked so the MMs knew it had to rise back to around placing price?

15/2600=$0.0057