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I went on to the Aviva Return of Capital Calculator and it all seems a very "slight of hand" move.

So, I get 101.69 per share returned to me as a B share, however, they consolidate my holding, which essentially works out to be 101.69 per share.

Once all is completed, and if I were to repurchase the lost shares in the consolidation, it could actually cost me more than what they have actually returned to me and raise my average.

To me, this would only benefit the shareholder if the shares dropped, and you were able to repurchase at a lower price, which I don't think they will. As, lots will pile in and raise the share price and thus my average.

Am I reading this right, and if so, I'm voting against it and will sell or at the least, reduce my holding accordingly.

It would have been easier for Aviva to just purchase £3.6 Billion of their own shares and cancel them, and that's essentially what they're doing, but making it sound like a Shareholder return of Capital. That's my take on it.

Looking at the half year result notes;

· First half dividend of 4.0 pence per share. Full year dividends to be weighted towards second half with expectation to revert to regular pay-out ratio alongside full year results

So, hopefully a 6.75p dividend.

Hi Gerry. Not to sure what RDI would do. Their share price is undervalued and I think it would have to be a good offer. On the DigitalLook website RDI'S NAV is £2.27 My holding is currently down, but I have enjoyed plenty of good dividends to make that up. What's your thoughts.

Thanks for highlighting that. Ex-div is December 29th.

Going Ex-div on December 30th. Payment of .2p on February the 1st. Equivalent to about 2.2% at today's price. Plus a guaranteed dividend of 6.7% for the next 2 years. This is based on the current price of course.

Going Ex-div November 11th, with the dividend being paid on December 12th. 1.575p per share. Just under 4% at today's price. Nice interim dividend.

Thanks for the response Gerry65. I am invested at 45.19 and would love to hold this long term, as long as the current dividend is maintained. Just patiently waiting for the results to come out on October 27th. All the Best!

Would anyone like to share their thoughts on this company, both good and bad. Thanks in advance.

I assume we'll be getting an RNS later on or tomorrow regarding the "deferrel of the determination of finance and performance covenants under the Note from March 31, 2015 to September 30, 2015".

I decided to go on to the ADVFN board and you were right, a lot of interesting posts. I'm still of the belief Caza Oil & Gas will pull something off. Whether it be a good refinancing deal, a merger or takeover.

Though Caza has debts 10 times it's market cap, it also has very desirable assets worth more than 10 times it market cap. Large buys coming in must be in anticipation of a good financing deal coming soon. I hope...

We know Caza Oil & Gas are in advanced negotiations to secure a financing deal. I'm assuming this is going to be for around $100 million US Dollars, thus enabling it to retire the Apollo & Yorkville debts and to further ramp up production and have a healthy cash flow.

So disappointing this. Lets get that funding Caza and get this turned around.

Yeah I know, but was concerned that maybe some bad news had leaked. It's now showing as down -25%, so I assume the price will balance out. Thanks

It's just horrifying to see Caza currently down -37.5% on the Toronto Stock Exchange. I wonder what is really going on.

Hi spike501. Thanks for the info, I know they're in breach of their covenants, I may have just been focusing on a more positive outcome, though I do know the situation is a bit dire. I also believe too that it is highly unlikey that Apollo will call in the Notes, but anything is possible, including Michael Ford pulling something big off. Hopefully 2nd Quarter Results clears everything up. I'm holding till then before I decide to liquidate my holding at a substanial loss. It's just a pity to see the potential collapse of a company that was making good progress and could have been a bigger player in the Basin. Good luck to all holding.

From my understanding the Apollo Notes of $45,000,000 are not due until May 23rd 2017. Caza is only paying interest on the notes until then. Apollo has even moved the dates of the interest due to help and work with Caza during this downturn in oil prices. Caza should now be able to afford the interest due in September, plus have the necessary funds to drill one more obligation well. Yorkville believed in Caza enough to extend a $5,000,000 Convertible loan when oil prices were at their lowest and the share price was crashing. Thus, I suspect Apollo and Yorkville will continue to work with Caza and see it through these volatile times as it will be in all of our interests. The 2nd Quarter Results are due in two weeks time, so hopefully this gives us a better understanding of where we are and how we're going forward regarding Apollo, Yorkville, The Oil Price, Cash flow, Production and future Drilling. All the best to those invested.

The 2nd Quarter Results are due in the next few weeks. During the 2nd quarter the oil price was up approx. 50%, so I'm expecting a surprise and an uptick in the revenues and cash in the bank. Hopefully an update about Yorkville and the Apollo Covenants.

I agree, this is painful to watch, especially knowing that the small company Caza in 2014 produced 417,784 Bo & 617,995 Mcf of Gas. Currently, 417 Bbls/d are hedged at 83.78 & 743 Mcf/d at 3.95 Forward 2016. 260 Bbls/d are hedged at 80.46 & 502 Mcf/d at 4.05

I guess we wait till mid August for the 2nd Quarter Results and an update to see where we stand. I'm hopeful, but slowly losing faith.