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Canadian Overseas – more bluster from value destroyer extraordinaire Arthur Millholland

Though it was not included in the RNS, when Canadian Overseas Petroleum Limited (COPL) released its last quarterlies there was an explicit warning that if it did not raise fresh funds it would go bust. As such today’s operational update avoids the elephant in the room: there is no mention of income, losses, cashburn etc. What really matters.

NEWSFLOW

Canadian Overseas Petroleum (#COPL) – “Operations and Production Update”, no financials (natch!)

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Letter to the FCA – how can it allow Canadian Overseas Petroleum to deceive investors in this way?

Yet again I have written to the FCA about how, as the regulator of the Standard List (no sniggering at the back), it MUST intervene as Canadian Overseas Petroleum (COPL), a company facing a massive cash crisis, has deceived investors in the UK yet again.

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Canadian Overseas Petroleum and another bombshell it is hiding? Why?

Today’s results announcement is a disgrace, omitting a clear and explicit warning that Canadian Overseas Petroleum (COPL) may go bust. I shall flag this up to the FCA which, no sniggering at the back, regulates the Standard List. I doubt it will act but you never know. Meanwhile there is another non-disclosure which should alarm investors.

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BREAKING: Canadian Overseas Petroleum announces First Quarter 2023 Financial Results – guess what bombshell it is hiding?

Natch Canadian (COPL) does not publish the full document but just its self-selected highlights omitting the really bad stuff. It says the full report is available on its website. That’s a lie, it is not. But you can find it at SEDAR and there you see what it is hiding.

NEWSFLOW

Canadian Overseas Petroleum (#COPL) – Q1 “Financial Results”… which don’t include P&L detail in the RNS, anything to do with a significantly increased operating loss?!

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If you aren’t a raging bull of Canadian Overseas Petroleum you are a paedophile (irony!) – more confetti vicar?

Another day dawns and yet again Canadian Overseas Petroleum (COPL) has issued yet more shares. This is a death spiral on steroids but of you do the maths you must be a nonce. I am kidding. But at least some of the morons who own the stock are not. Let me explain.

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Canadian Overseas Petroleum – yet more death spiral vicar?

It is only seven days since the last time that $400,000 of death spiral bonds were converted into shares after a good bout of forward selling. But Arthur Millholland of Canadian Overseas Petroleum (COPL) is king of the shareholder dilute so here we go again. At this rate we might get a similar announcement once a week for 83 weeks before we are done. What do you reckon the share price will be by then?

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Canadian Overseas Petroleum – more worthless confetti vicar?

Another day and another 50,998,285 shares in Arthur Millholland’s doomed Canadian Overseas Petroleum (COPL) have been issued to soon join the rest of the worthless confetti trading on the sub Standard List. Now for a maths lessons for the morons.

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Canadian Overseas and the damning auditor warning it is hiding from mug punters

Arthur Millholland and his colleagues at Canadian Overseas Petroleum (COPL) treat the morons who own shares in the company with undisguised contempt, hiding from them some very bad news indeed. The old shyster, Charles Goodwin at Yellow Jersey PR and in house PR Cathy Hume should be ashamed of today’s effort it is a disgrace. Even by their own lowly standards. The headline is "COPL 2022 Financials Results and Operations Update.”