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TOM you can run but you can't hide. There he goes. Fisrt rat to leave the toxiv ship.
YOUR EXIT MAKES YOU LOOK EEVEN MORE CULPABLE
They're comin g to take you away Tommy. Your game is over. Your race is run. Thank God.
That was Arthur at his Gobbledeggook best. Eyewatering boll--x.Most,including me would have taken Art's assurances at face value. It wasn queried by Proctiv Either.Astonishing piece of nonesence which got past us all.ANAZING THE TRAIL OF DECEIT ARTHUR HAS LEFT BEHIND I bet he never thought a Stas would loook back at all this incriminating evidence which could now sink him.
I BET THIS IS THE TIP OF THE ICEBERG
Stas. You are doing a brilliant job. You must be a fellow retiree to be ble to put in so much effort.Also you clearly have a grasp of the Big Picture and know which dots to look for and join.
This a case of us all working for one another. WE have a common cause and when angry wasps get together the power of the swarm can be extraordinary.
So long as we remain focused and determined I believe we can win handsomely
I was thinking of that too stas. EJeanCarrol was awarded 83 million in Pumitive Damages. And she is only one perdon.
Imagine what a jury could award to our severely damaged shareholders.
AN AWARD ALONG SIMILAR lINES might well bankrupt the whole nest.
I am not a vindictive person but this case has crossed the line.
I really hope the whole lot of them end up penniless
What we should all feel a degree of satisfaction a bout is the obviousnfact that their little game is over. What is going on here will be all over the shop. The whole lot of them are now ' Persona non grata' Their name is Toxic. No comany will touch them with the proverbial Bargepole. their Business Plan is in ruins. It worked for years and made them millions. Now it's finished.
Who knows but companies whove been smashed by their metods in the past may now understand fullytheir M O D and join in the fight on their own behalf.
The House that Tom and Arthur built is about to come tumbling doen. And it seems like it could bury them
Very encouraged by news of the Class Action.
I note it is a no win no fee arrangement. The Group have clearly engagged top notch Legal representation who will be very exensive.
They must have looked at the evidence and thee's lots of it, and decided they have an excellent probability of winning. They would not waste their precious time on this otherwise.
So we all should be very pleased with what RBM is doing.
I sgould imagine those responsible for the carnage are very worried indedd.
I Should imagine ,knowing how thin the ice they are treadind now, should prompt them into a frantic escape route which will to some extent compensate us for wrecking our lives
The tragedy is that the BOD is devoid of any sense of Morality. They all sold it for 30 Pieces of Silver.
Their warped sense of Entitlement makes one gasp.
They are the remnants of the Empire Mentality where the rest of humanity exists only to be exploited by THEM.
Those days are long gone. They're in for a terrible shock
Part 2.Meantime all Arthur had to do was keep our spiritsnup by comtinuing to trumpet the JV which was progressing i nicely and lo and behold we now hada Letter of Intent to that effect. At the same time Bondholder were converting in large numbers and the SP was falling by the day. But not to worry when the JV was concluded all would be fine.The partner would pay off our debts,production would increase,the SP would 20 Bag immediately and we could all forget our troubles.
Lets rewind again.WHAT WE HADN'T FIGURED OUT THEN BUT WE HAVE NOW is that a ggroup of WONGA LENDERS with a history,headed by none other than Mr Tom Richardson,I believe he was actually the Chairman of COPL's BOARD.,can you believe, and Annavio Capital Partners and others were shortingthe very company they were supposed to support. But the Mega Carrot of the JV masked their intention.there is a whole groupof these predstoory lenders whose stategy is to find a company with great prospects, highly liguid but in dire need of funding. They would make the terms so onerousn that default was almost ineveitable. THE sp would be so low they could get holdof a controlling number of shares and take over the company.
The final straw was to scupper the JV, giving no explanation and sending the company to the edge of destruction. Thousand of investors shafted, mortgages unpaid, realationships destroyed by the pressure etc etc.
This scam was kept alive by the prospect of the JV being able to smooth every thing over and once tthe SP had climbed to 20p or so nobody would remember how we got there.
But Annavio and Richardson had other plans. They were to now take over the company and renegotiate with a major oil comany to exploit,properly this time, this enormous asset.
Unfortunately for them Posters have come together to unpick y
this evil scheme from the LOAN TO OWN Playbook and are determined to fight back and win.
Let's see how this plays out but if there is justice in our systems these people whohave caused such misery will get what's sure to come to them.
Just my take but I'd be very surprised if much of what I'm trying to figure out doesn't turn out to be the trufh
Stas. Ive just read through the iAntus Gotham green saga and you're quite right in pointing out the uncanny similarities between the two.
HOWEVER IT SEEMS IAnthus was a victim of Gotham Green and there was no connavance with iAnthus' CEO.
In COPL's case it could well have been Arthur who orchestrated the whole scheme.
Let's begin with the New Discovery. We could write a book on Arthur's pre Atomic tricks, the whole Nigeria saga was fake,but that's for another day.
Let's assume the nNew Discoveryb really did almost make him fall off his chair and that RyderScott really did confirm the size of the reservoir to be around 1 billion barrels. Furhurmore, there may well have been three Banks knocking on the door.and the prospect of an RBL was very real.Even the admission that a JV would be necessary to exploit the reservoir. As Arthur M said the Discovery was toombig for COPL to exploit alone.
Then the mind of AM reverted to type. How could he keep the SH on board with this gigantic carrot and secretly change direction
The forst thing to do was close down those three Banks. The reason given was that at this time regular Banks were not lending in the current finanacial situatiom and since drilling the Discovery was going to need funding. Lots of it.
At this point we have to assume that the Gotham Green Playbook was firming up in Arthurs mind. What if he got the funding from WONGA LENDER as he had done previously with Haddron aand Tennyson.Dhareholder were prepared for a longish wait as he now told us with a straight face that the PLumbing was dodgy. Rather he said like buying an old English cottage only to find it needed lots of work and new plumbimg,
He couldm now go ahead with borrowing the money at terms he knew damn well could break the company should we defaut. And the Bond deal which came to operate alondside were so onerous that those on the inside who plaaned it knew that we could never get ahead because those Bonds were sure to cripple COPL financially. The interest payments alone were so severe that the money we had acquired from various sources just drained away leavimg no other option but borrow more.
With each Strike Price being LOWER than the last within a year the SPmhad lost 90% of its value and clearly we were in Death SPiral situation.
THe GGS which was supposed to be our Saviour wasn't working well and the final straw was the DELIBERATE WITHOLDING of the injectant which wouldhave increased production to a poing where we could have survived and maybe made us marginally profitable. So to bring the game to an untimely end the didnt inject increased gas and the company is currently broken.
The penny seems to have dropped with Senior Lender that he no longer was a controlling figure and he pulled the plug.
Now rewinding the process back to the time of the BONDHOLDER'S Catastrophic deal I can only conclude that AM was formulating his Master PLan.If he just let the Bondholders do what they wanted according to the terms agree
Looking at all the evidence now being accumulated here it's becoming ever clearer that this group of interconnected vipers were recruited to defraud Retail Investors and and in so doing enhance their own Financial Status on an eyewateringly Industrial Scale.
Their web of deceit covered the Globe.
This is becoming an enormously complex scam being assiduously unpicked and exposed to the whole investing community
A failure to act would UN my view constitute a crime and at the same time be tantamount to setting fire to their own house
It really is impressive how Posters here are putting this toxic Jug Saw together.
Now we know why Her were chosen to facilitate the decimation of our SP. As a German company they would as Well suggests be out of the jurisdiction of FCA.
It's interesting and disappointing that Frankfurt has totally failed to sanction them in any way.
Shocking behaviour all round
Jimbo. i said I know the area very well. However I have absolutely no connection with Financial Services whatever.
You should be able to sense from my posts that I have no time for Tax Havens wherever they appear.
That Group of "operators". On the Cayman Islands seem to have a lot of questions to answer.
These Offsho re Tax Havens are an absolute farce. They should pay tax wherever they do business.
My son is Self Employed. Works all the hours that God sends and is hammered by HMRC for every penny.
I'm sure thousands of similar are suffering in the same way.
It's an unfair system and it's got to STOP
The British Public have had enough. Investigations take years and when the report finally emerges from the dusty shelves all they f get is a slap on the wrist and that lessons will be learned.. But lessons time and again are not learned and the old school Tie cronyism carries on without sanction.It does seem as if financial Sevices in particular are riddled with it. How on earth have all these cases drifted off into the ethe?br. Look at all the probable Frauds the posters on this BB have unearthed during this forums investigation. And most of us are amateurs at this kind of thing. Imagine what professional Forensic Investigators could unearth given the will and resources.
In recent times we see Hillsboro, The Covid debacle ,Michele More and the PPI scandal, The Post Office, and i'm sure people here can refenece many more. Where does it end??
The signs are that citizens are becoming tired of the old Whitewash and Coverups. and are demanding True Justice where the 'little man' gets a fair crack of the whip and where Justice does not depend on the size of your Bank Balance but on the veracity of your case.
This COPL scandal may turn out to be a catthartic event when lots of Little Men are banding together and demanding justice and cut out this cancer from all aspects of our FREE SOCIETY and ensure we are all really equal under the Law.
WE live in HOPE