Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We either spend ALL EFFORT on introducing something into the current sales process, like an external bidder or obtaining a delay, all very difficult, or we kiss good bye to dosh and get a life. Effort today on later legal case proceedings is for the birds, people who like a project and 5-10 years of legal fees. No win no fee sure, but in there, there will be "costs", lawyer lunches etc. Call me a cynic..........but of all similar cases what % see a good result? And after how many years? Who likes Mondays :-)
I'm sure I've missed things but who do the LOIs and Qualified Bids go to for initial scrutiny and decision on which to submit to court? Is the Kravitz/AM gang involved in this or is it totally court regulated? I think it's crucial we somehow insert something now (independent bidders, court monitors, judicial delay, transparency, once a deal is done stage 2 will be a 5-10 year legal case? Who appointed the Monitor? If this outcome has been 2 years in the planning then they will anticipated a lot of this and put solutions in place? A good w/e to one and all.
Hi Shaa, I contacted Exxon, Devon, GMT Exploration, Murphy Oil, Marathon Oil and Hess Oil which I believe operate in Wyoming. Their PR, Production and general contact emails.
I've posted this on his JustGiving page "Defrauded Pensioner To ICR: check Ryan's role in the COPL oil company. Do you really want tainted money? Have you checked what he's done? He's now using your charity to laundry his CV." https://www.justgiving.com/page/ryan-gaffney-1692272600856
I'm assuming he will be making a donation, where's that money come from!?!? I also ticked the box saying I would like a personal Thank You email from him... :-)
I've just emailed him, took two minutes.
Here's my wording but you should change as as you want to. " Subject: Urgent: Canadian Overseas Petroleum Ltd COPL
Hello Governor Pearlman, Is this something your should look into, given damage to reputations and people’s welfare? Before more people are encouraged to take advantage of lax financial regulations, again? We know Stock Exchanges carries risks but what do authorities say about fraud? Canadian Overseas Petroleum Ltd made a major oil find, one billion barrels or more, onshore, in Wyoming! As confirmed by the subsequent Ryder Scott Report. There is “evidence” of a plan by current owners to buy the company on the cheap by decimating its share price. A sale has been organised very quickly by the “interested” parties and the process is happening now. See https://www.investorx.ca/search/00021327/canadian-overseas-petroleum-limited Have you heard of this, would you be interested in looking into it, talking to key people? An Action Group has been set up https://www.prnewswire.co.uk/news-releases/copl-action-group-shareholders-in-canadian-overseas-petroleum-limited-require-answers-as-company-loses-98-of-value-302043695.html and specialist financial lawyers hired and a website being finalised see www.copl-media.com
This sort of thing brings the whole finance industry into disrepute and surely reflects badly on everyone?
I would welcome your involvement. Possibly worth a sniff around, getting involved? Thank you.
"Perhaps we should all be emailing the Cities Minister directly to get him involved? He may then feel the pressure to get FCA to take a look if enough do so! His email is bim.afolami.mp@parliament.uk
I've just emailed him, took two secs.
"Can we not go back to arguing amongst ourselves please! " I second that comment.
Panamabob, tuvok et al, put a sock in it. As a LTH I think Email's comments are perfectly valid, just ones you don't "like" We all know guilty parties get off as evidence isn't accepted. Let's see what happens.
I'm still surprised at the level of secrecy they have managed to maintain over such a long period. No big media noise when onshore discovery first made, no TO approaches, no media coverage/analysis of RS report etc etc. A complete lid on such a big discovery, amazing! How ?
Sounds good RBM. I'm really surprised how they've managed to keep so much in control and with so much secrecy!
I'm happy to send out emails, just want to know it's a good idea. If one established oil company got involved we might have something.
Can any company put a bid in, if so why not email say the top 20 US oil companies with the details? See https://companiesmarketcap.com/oil-gas/largest-oil-and-gas-companies-by-market-cap/
Will CAG please confirm whether this is a good idea, contacting other oil companies could get bid sale price up? Have we passed any important bid registration dates? Just needs one "outsider" to put a bid in and who knows...
"Arthur is setting himself up to be the main/sole bidder for the Wyoming assets (and has been for the last 2 years), and guess what he won't want competing bids." and all the time drawing a salary...!
"Can you provide the FULL email address of the Judge involved please." I doubt judges have emails and certainly wouldn't advise on anything.
RBM, none taken and none intended and yes I am guessing. I just know a deadline is looming and insolvency people are vultures who go for a quick result, Kravitz no exception. Without some emergency brake being applied to proceedings next week, their deal will be done and dusted. Stopping next week is ptreferable to a long legal case.
RBM "Guys, please e-mail KC details." I like it. We're in the middle of an emergency, need more firepower!
Shouston, I agree. Situation is critical and time is urgently short. Forget textbook procedures stages 1-4 whatever. We need some emergency measure to halt proceedings, next week it will be done and dusted. I've repeated numerous times, Kravitz is an insolvency vulture= slash and burn, take fees, move on. RBM, no disrepect but I sense we're simply following legal admin procedures, we need something to apply an emergency brake urgently. Kravitz is a financial person going for a quick victory; your adviser is a legal person, they tend to like long cases whatever the result. What's he advising come 18th March, commence a 5 year legal case? No disrespect but....
"RBM et al, I would be pursuing the Canadian courts to put a hold on this process. The CRO is seeking approval on around the 18th to push this through....give other parties time to do DD...which begs the question why the sudden rush?
All part of the asset grab on the cheap imho. ."
1 Insovency experts are also called recovery experts, which I've always thought a grim joke. They are vultures after loadsa fees as quickly as possible, then move onto another carcass. No interest in "a good deal/future recovery" Kravitz will do a simple quick deal according to his paymasters, how can he do anything else?
2 In the UK a pre-pack is where arrangements are put in place by a "recovery expert" to quickly sell a distressed company debt free and the buyers can be the old owners with a new company. Done quickly and secretly. AM, daughter and Newco spring to mind.
3 I'd forget UK FCA, solely interested in passing the port. Canada and USA might be more worthwhile.
4 Speed-is there no emergency legal route to halting this? Once a deal is done that's it.
5 Doesn't RS silence make them complicit in not correcting market "misunderstandings" whatever contract/NDA they signed? Their name must also be tarnished?
I'm not a finance/legal person and like a lot of people here I have many questions but no answers. I do however think speed is critical, once the deal is rushed through that's it.
Why does 911 signal pending news? If it does wouldn't 911 signal bad news...?
A valid point, which may or may not be correct, time will tell. Let's not go back to the Hot Air Days :-)