We would love to hear your thoughts about our site and services, please take our survey here.
Of course such rudimentary questions would usually not be asked of the Board of a main list company. In this case, however, it was vital to do so due to the extremities SH's have been subjected to along with the host of other inconsistencies. Sooner or later, this has to lead to charges of malfeasance at the very least. Show us why you are innocent Board of COPL. Why won't you answer the most basic of questions yet are happy to (mis?)use obscure OSC rules to force through Dodgy Dave finance deals without the approval of shareholders?
Quite right Sta20. RBM has asked COPL to disclose receipts and so on many times. Simple check and balance requests. Nothing forthcoming. 'Dodgy Dave' financing? Sure, no problem. Do things extend to 'Dodgy Dave' accounting too? Sure, why not? We haven't had a qualified accountant as FD for years! Companies Act 2006. This statute covers you Board members. Like us, you are not above the law. Show why you are innocent of wrongdoing and do it now.
100% spot on RBM. Where is the data COPL? Prove to us that you have not misled the market with lies not just via omission but via commission too. Prove it now, beyond all doubt. If you've done what we think you have done, you have broken the law. Too late to change that now of course. Is that why the silence is deafening?
I referred to 'an $840,000 estimated sum unaccounted for ' which was pledged by TR and the Board in Q4 2023 for NGL injection which WOGCC shows DID NOT happen. Yet COPL was deemed so short of funds that the default took place in December and COPL had to raise more 'Dodgy Dave' financing shortly thereafter. We've asked COPL several times for an interim cash summary for Q4 but have had no reply. So the question is simple: 'where is the money and, if it was spent on NGL, where is the NGL and if you've injected it, prove it PLUS explain why the WOGCC don't corroborate $1 million of NGL injected in Oct and Nov as the Company said it would do on 6 October 2023. What happened to the estd $840,000 and why has this not been fully covered weeks ago?
Take a step back buddy. Remember that a Chapter 11 wouldn't suit Anavio and they remain in a strong equity position at the moment (with the scope to protect this and their bonds). Work it all thru on a bit of paper. Many things can still happen. No fire sale just yet.
Please explain what you say? Based on the situation now, how we have got to this point, what COPL owns and that the share price is 99.5% down over 12 months, is it not possible that the share price could go up from this point? It can go down, stay the same or go up. If one suggests that it could go up based on the current situation, is that ramping?
One day it won't and will just keep going up. Otherwise, the assets we own will be robbed from us and we'll be toast anyway. Reasons to be hopeful? Protagonists rapidly weighing up what's best for them. We could benefit from the choice they make. They've never cared for us and never will. Just business and them trying to survive now they're in deep doo doo.
agree with the sentiment. that's the thing with -shall we be polite- hubris, isn't it? people get ****y, they start to believe their own bs, a legend in their own minds...then whack. that's what has happened to tr and to anavio. a potential off ramp exists for these people at the moment. let's be clear though, years and years of legal and other action lie ahead for them should they persist with a 'shaft the shareholder' agenda. there is no desire at all for the class action group to ever give up no matter how long it takes. that's how strong the will is. plus there are other forms of action too which are being actively pursued now. the action group are thinking in terms of 'years' not 'days, weeks or months'. once things escalate to that level, protagonists don't come out unscathed. remember the fca's current focus on 'consumer duty' and 'vulnerable clients' too. there will be no escape. not taking an off ramp guarantees years and years of scrutiny and distraction. maybe we'll win that, maybe we won't. but every single day they will know we are after them. just look what we've mustered in a few short weeks? we've only just started.
His long-term business relationship with Marco D'Attanasio, founder of Hadron itself a previous 5.25% COPL shareholder has had my attention for many weeks. What's that line about real power invariably works in the shadows?
For a fairly young man, TR has had some high paying jobs and also holds a lucrative position in Fensiko. The less said the better about how that came about...for now at least. COPL has been a total disaster for him though. He has appeared out of his depth and incoherent. Gobbledegook. His best move now would be to treat all this as a 'sunk cost' and get out. It could all get far worse if Anavio make the wrong move. As an old boss used to say when a mistake was made: 'Pay up and look big'. Do that for yourself Tom...pay up and look big. It's over here for you. Actually, it probably never even begun. This was your bandun....following some gooduns...at least from your point of view and that of your bank manager.
With the 29th fast approaching, have we any clarity yet as to how Anavio intend to go into that day and proceed through it? How do they protect their business reputation snd interest? How do they limit damage on the firm, reduce the chances of a draw out period of legal action; potentially in the US and the UK (and maybe even Canada) all at the same time! This would certainly be a huge distraction and the costs would likely be off the scale. And all for what exactly? They still have time to pivot. Pivot towards small shareholders and potentially towards the SL too. A team of people at Anavio have been greedy and reckless playing with the firm's reputation so that they are where they are....on the rocks. Perhaps another executive team at Anavio can exert its influence and get this madness to stop. COO Jon Howard perhaps? An operations man. Hopefully pragmatic and keen to have a future in financial services? COPL is such high profile now that careers can easily be ruined dependent on what happens next. Tom Richardson? Best for him to go now. So much been collated from the public domain and revealed to a wide audience. Reputation in tatters. Not much point hanging around now as he doesn't have large numbers of shares as far as we know. Best to go if he wants a career in future. Why fight Tom? Fight for what exactly?
It is suspected that Anavio are fighting hard to survive, at least as a UK business based in the UK. There is still time for them to change the momentum now firmly against them. Were they to go on the front foot' now, it seems this would only make their numerous problems worse. Apart from all this going on with COPL, Anavio have the Norwegian violation to deal with as well as the thought of being under scrutiny by the FCA for years and Class Actions. Anavio poked the bears and they woke up. Now is the time to find the off-ramp and use it. That said, use it whilst making some more money and whilst still negotiating with PK and the SL.
His name pops up time and time and time again as do 3 or 4 'executives'.
I don't really know how brokers earn their money? Who pays them? The companies? The lenders? Can we see the figures in the accounts? It's big business isn't it? Big money. Anyone know? Would be interesting to get views..
Just spent some time reviewing Tennyson's website and, specifically, their 'Deals' section which goes back to 2016/17.
The team including Mr Krens transferred over from Mirabaud in 2021. Over the last 8 years or so, the website refers to about 30 deals involving this team's input in various ways. I highlighted 2 of these featuring Mr Richardson and Mr Gupta already whilst they were at Nostrum and COPL together and referred to the 90% plus collapse in share price in each during the time of their joint involvement. For the 30 companies identified, the cumulative share price performance is estlmated to be minus 58%! So many companies and such shocking share price performance. Is it just a coincidence or is it something else?
Based on WOGCC data, there is no evidence to indicate what was said is true. One scenario could be they bought the NGL and didn't use it. If so, where is it and why didn't they use it? In any case, this would have had to have been reported. The outside world was entitled to take what was said on 6 Oct in good faith.