The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
“Pre-Closing Coiled Tubing Inventory Amount” has the meaning given in the Stalking
Horse Term Sheet and is included in the Purchase Price as specified in the Stalking Horse
Term Sheet;
from Page 40.
Does this mean the tubing Art was trying to buy in the past has been bought, and now included in the asset list?
Are these tubes lying on the surface, or being used underground for the confidential wells as planned???
Seems odd to try and sell faulty coiled tubes as part of the assets....
Page 56 - damaged unit repair costs.
so they've got a damaged coiled tubing unit never mentioned in operational updates. is this the cover they're using for why it all went wrong?
I have looked at page 56 and do not see this reference.
Can somebody post up the precise location please? Thxs
I would prefer the traditional "Stocks" and rotten fruit throwing competition, it used to go on for days for the worst public offenders.
Court decision is tomorrow.
GREAT website and supreme efforts must be recognised from the CAG. Well done to collate all that information
How much cash has been raised over the years reads like a horror story. Data taken from co prospectus....
Since the change in management and Board in August 2009, the Company’s operations have been financed through issues
of equity. Net proceeds obtained from a private placement in May 2010, a public offering in December 2010, public
offerings in July and August 2013, the April 2014 Offer, the August 2014 Offer, the July 2015 Placing, the First Tranche
Offering, the Second Tranche Offering, the Issued 2016 First Tranche Offering Warrant Shares and the Issued 2016 Second
Tranche Offering Warrant Shares, the June 2017 Placing, October 2017 Placing, the August 2018 Placing and the 2018
Director Placing, the June 2019 Placing, September 2019 Placing, 2 July 2020 Placing, Subsequent July 2020 Private
Placement and Initial Atomic Placing and related debt exchange arrangements as stipulated in the June 2020 Prospectus,
the December 2021 Placing, the April 2022 Placing, the July 2022 Placing and the Winter Bond Financing amounted in
aggregate to approximately $257 million.
More was raised since July 2022....
Good pointsAlfresco.
I would push the monitor to reevaluate their support to allow COPL to no longer issue RNS and hold meetings with their shareholders given the gravity of the accusations of value destruction and naked shorting it would be immoral for the Company even at this late stage to cease communication with shareholders.
GLA
Looks like you have found a way in Alfresco.
Nothing missed in your list of incongruous company actions led by Anavio.
I guess if the court allows the process to begin on the 18th then the part about having no future RNS and AGM and any direct contact with shareholders will also come into force.
What were the deficiencies in the previous request for meeting, how can they be corrected?
Can the monitor be persuaded that this request for no shareholders contact is no longer supported by them as the level of accusations are both numerous and severe.
Nice Alfresco...
"We also read your allegations below which we will be discussing with the company and may report on in a future report to court."
It is good to know that this will be discussed with COPL management. The shorting allegations are backed up with FCA reporting evidence.
Interesting to hear their response!!!
Thanks for that update, at least shareholder views it is registered with the CRO and the monitor.
What interests news interests me is that four separate stalking horse bids were made in December 2023.
Refer to Appendix B page 29
"Stalking Horse Break Fee Analysis Current as at December 27, 2023"
"Four separate stalking horse agreements were entered into for various of the debtor's business units.
The stalking horse bidder in each agreement is a corporation related to the debtor's 95.5% shareholder and most significant secured creditors.
The purchase price in each case is in the form of a credit bid or assumption of debt.
No break fees are contemplated in any of the stalking horse agreements."
WTF has been going on!
Have bids already been received by the dominant 95% shareholder...Anavio
She was a nasty lying lady....Art said so....not like this billion barrel find...
Liz. What's your thinking on all of this ..
You were within earshot when your dad came over to shake
Keen for your understanding...
Stas20.
1000% admiration for your full on power.
The draft letter to Kravitz earlier today was probably enough to perk his interest, (provided enough peeps sent it, and also copied in the entire Kravit's team- link below. CC Art and Tom. (Not the Welsh one - btw- he is also s hitting himself..:-(
https://www.ksvadvisory.com/experience/case/canadian-overseas-petroleum
Could you post up the final version for us to copy personalise and send...?
For the FCA letter of complaint, it should indeed be a simple one pager, that is relevant to the FCA.
The shorting "find" yesterday by THISTLE was gold dust.
Perhaps just simplify it for "THEM".
According to your own FCA monitoring (that is NOT known to market generally) a major cornerstone investor to COPL was consistently shorting their investment for (xx) months. 90 short positions PEAKING AT 50%...
Whilst this seems startling enough in itself, (given Anavio recently gave $4.5m for GGS and a further $2.5m to ensure NGL were injected and co funded to end of Q1 2024) Strongly implying there was a very decent future they believed in.
The shorting has been done expressly in contradiction to the deal that Anavio struck with COPL management.
(Research effort needed to find exact phrase/document and date that prevented them from shorting.)
More research needed into the naked part of their actions.
All of a sudden we have very short clear and concise argument that the FCA can NOT ignore...
Their collective actions are NO ACCIDENT...
Hi Stas.
Perhaps a direct reference to the claim from COPL that NGLs were injected at $500k per month Oct Nov did not correspond with the official data submitted by Copl to the Wyoming Oil and Gas commission.
Https://www.linkedin.com/in/peter-kravitz-48ba063
Could also send him a LinkedIn message