Canadian Overseas Petrol... Share Discussion Threads

[jambam] 12/2/2024 18:31

Some big news expected later this week. 💰💰💰💰8176;💰ԁ76;💰💰;💰💰💰💰
28176;💰€176;💰㈑6;💰 Better than a JV

[bmwman3] 12/2/2024 18:27

As I said earlier default was always frowned upon but things have changed as Financial stress among AIM-listed companies has fallen to a record low, with just three AIM companies going insolvent in the year to March 31 2022. The number of insolvencies fell from six in the previous year and a high of 48 in 2009/10, our research shows. The immediate fallout from the last credit crunch saw 16 times as many AIM companies go insolvent as in the past year. One of the reasons for this is that investors are now much more willing to back secondary fundraisings by AIM companies, meaning that they can survive short-term disruption to cash flow.During the COVID crisis, many AIM companies confounded commentators with the ease with which they were able to raise additional funds to reinforce their balance sheets. In the first half of 2020 alone, AIM companies raised £2.8bn in new capital.The firm says that the lack of insolvencies among AIM companies is a particularly positive development given the UK's spiralling inflation and interest rate rises. Economic disruption of this kind is often expected to impact smaller listed businesses first – something that has not yet happened to AIM companies.Peter Kubik, Partner in our London office says: "Just three AIM companies going under in the past year shows how robust the junior market has become.""The comparison with the last major economic crisis could not be more stark. The credit crunch saw huge numbers of AIM companies go insolvent. Over the last two years, AIM has acted as an excellent platform for businesses to raise money and thrive."The figures also demonstrate the London Stock Exchange's success in improving the quality of companies listed on AIM. In particular the LSE has made particular efforts over recent years to ensure that Nominated Advisors - who act as AIM's 'first line of defence' for regulation – are conducting thorough due diligence required of them.Peter Kubik says: "AIM has become a very successful part of the UK's capital markets in recent times. Improvements in regulatory oversight have sharply improved the quality of companies listed on AIM and investors have responded by backing them."

[orkneyarab] 12/2/2024 17:14

There will be plenty of twists and turns before the end game here. Lots of money to be made, if you are sensible. Some people seem very angry that others do well. Odd creatures

[stevehuges] 12/2/2024 17:06

Yes I had a result ! I pushed the boat a little to far but got very lucky ! I wasn't so lucky in afren and xcite !!

[orkneyarab] 12/2/2024 16:57

Leetle peeeg, leeetle peeeeg, come out to playyyyyyBWAHAHAHAHA

[orkneyarab] 12/2/2024 16:42

Oh Strawberry, come out, come out, wherever you are!BWAHAHAHAHA

[pwhite73] 12/2/2024 16:17

saint in exile - "The upside is way bigger than the downside"

Yes it is. The upside is many multiples of today's price for the downside is only 0.095p. However from my perspective the downside is more likely. If the company holds its hands up and admits shareholders were defrauded then the accounts may need to be restated over several years after forensic auditors are called in.

Again this could lead to suspension.

[orkneyarab] 12/2/2024 16:13

Wow! You got your money out 1 hour before suspension and you are now offering advice?

[saint in exile] 12/2/2024 15:54

The upside is way bigger than the downside

[saint in exile] 12/2/2024 15:53

Its just a punt.Its nothing I cant afford to lose

[stevehuges] 12/2/2024 15:52

Yes but you loose ever penny ! I was in koov a few yrs ago luckily 1 hr before rns hit I got my dosh out ! Rns hits then curtain comes down .

[saint in exile] 12/2/2024 15:46

Certainly worth a punt.If it goes bust then so be it

[orkneyarab] 12/2/2024 15:39

And then it went up. You gotta larf.BWAHAHAHAHA

[pwhite73] 12/2/2024 15:26

The SAG have uncovered that the directors were telling many lies to enrich themselves and the bondholders. As part of the forbearance the Senior Lender wants to see a plan for the sale of the assets. Now if the directors were lying about the value of the assets as well then they could not present a credible plan to the Senior Lender.

Great recovery play if things go right but at the moment there are just too many negatives.

[pwhite73] 12/2/2024 15:00

Then stop lying about 75% of AIM companies could have the plug pulled anytime.

[bmwman3] 12/2/2024 14:52

Too many too mention some of whom are still trading some are not I'm not playing your name game which is exactly how your going to reply! You can't name one boring

[pwhite73] 12/2/2024 14:40

Further to what people believe on LSE chat the Share Action Group can't bring a claim against the company. Firstly there is no such thing as a class action in this country and secondly if there has been financial malfeasance it is the various regulatory authorities in the UK, the US and Canada that bring charges not the SAG. The SAG can only help the regulatory authorities in their legal actions.

[pwhite73] 12/2/2024 14:32

bmwman3 - "all of which could pull the plug anytime"

In order to pull the plug anytime the AIM company needs to have defaulted. Any default would have to be announced in an RNS.

That's the difference here COPL have announced they have defaulted. Name one other AIM company that has announced it has defaulted.

[orkneyarab] 12/2/2024 14:11

Has strawberries alarm clock broken? BWAHAHAHAHA

[orkneyarab] 12/2/2024 14:04

A bit of blue annoys all the right people.BWAHAHAHAHA

[bmwman3] 12/2/2024 14:04

Seventy five percent of the CO's on the AIM have loans or cln's or creditors all of which could pull the plug anytime same as a mortgage