Member Info for SteveV

Have we really got 50% of 3.67 billion shares?

WOW ! ...Nice one CAG !

WOW !! .....Nice one CAG !

There will be no justice.

MC is ONLY attempting to get some money back for shareholders. That's it.

No one will get prosecuted. If we are lucky we will get an out of court settlement for some/all of our losses paid for by insurers, no doubt with a "final settlement no admission of liability" clause.

COPL is NOT trading on the Canadian market. !!

Even if it comes back shareholders will get nothing. (We will have no assets very shortly)

MC is the only way now.

What is Arthur doing right now. Is he actively involved? Is he getting paid?

Yes, well Maidit only had £500 in COPL !

I would have moved on months ago.

Who would offer us 3-5p per share exactly ?

COPL are shortly to have no assets and still loads of debt (the bonds) therefore the company is worthless

Summit will have all the assets and no shareholders to be concerned about.

Mr Cotter is our only hope of getting something back now , IMO

Wonder what the terms are.?

BP allowed to buy all of COPL's assets from Summit on the cheap ?

Hillbilly, if you are in Google docs, to make a signature do this:

click on : Insert/drawing/+ new

when in DRAW click the line option and in that dropdown box select SQUIGGLE.

Use that to draw your signature with your finger/mouse/pad

Silver, if you import the document into Microsoft word or Google docs you can edit it there. Don't need to be printing and scanning.

Exactly Duster, we'd all like to see justice done, but mainly we'd like to get our money back !

Sure, but do you think Mr. Cotter WILL be targeting Summit. (He is all we got)

I personally don't think so.

He WILL be going for the "low hanging fruit". Get some money back for shareholders, take his commission and move on.

As he has mentioned most case like this are settled out of court.

So I don't see justice being meted out to anyone and everyone that had a hand in the debacle, simply an out of court financial settlement.

It's just my opinion Saintnick.

I don't think the CAG and Mr Cotter will be targeting Summit. Do you?

They own the assets they can do what they want.

BUT they won't be doing any favours to shareholders. They are money men and have done nothing wrong.

We will get nothing back from them.

Our only course is to sue the BOD and Anavio. They are the ones that caused this.

Well Summit would probably sell the assets back to shareholders for around $57m

Could we raise that amount of money?

It would be nice to say goodbye and f**k you to the parasitic bondholders.

Micky, Summit own all the assets now. Shareholders have nothing.

Class action is the only chance to get something back.

Right, so the dispute is because BP want to pay something over over $11m but NOT $57m

which is what Summit would part with it for so as to get their loan back. (57-11 =46)

Either way there is nothing in it for the bondholders or shareholders.

Not sure why BP dont just make an offer of around $50 to Summit if they are so interested.

Summit get their loan back. Bondholders and shareholders get nothing.

Maidit, no sorry I don't think that's right.

If BP were offering £50m for the assets there would be nothing left for shareholders. All the other creditors would still have to be paid including the bondholders before shareholders saw anything.

And of course with all the assets gone there is no COPL.