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 [WTA] Capital Asia Group, have any heard of this company?

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GermanInvestor
post Jul 25 2015, 01:29 AM

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QUOTE(escargo75 @ Jul 24 2015, 02:07 PM)
This claim is happening now or 2 years back? If you read their newsletter in May 2015, they are making CAD$35 net back per barrel. how come no profit?  rclxub.gif

http://www.conserveoil.ca/
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It is happening now. Letter was send 2 or 3 weeks ago! They told a lot on their homepage and elsewhere. But nothing of that seems to be true!!!
GermanInvestor
post Jul 28 2015, 12:11 AM

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[quote=escargo75,Jul 27 2015, 09:36 AM]
If this allegation is true a lot of Asia investors will be in trouble cry.gif
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You just need to google Proven Oil Canada and narrow your search to the last month.
You will find a lot of entries. From lawyers, to forums etc.
Everything is in German, but you can try translating it with Google.

And just for you to notice: POC got 300 Million Euro from german investors. And now, there are just 49 Mio CAD left? And that's a loan from a bank. So where is the money???

I think somewhere in the Carrebean... And the CEO of POC is a women. Maybe Chanel, Gucci, Louis Vuitton etc.....
And a big house, some fast and luxury cars.

Here is a link to the letter:
Money is gone! That's it!
https://www.diebewertung.de/wp-content/uplo...GmbhundCoKG.pdf

GermanInvestor
post Aug 1 2015, 04:27 AM

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QUOTE(escargo75 @ Jul 31 2015, 01:05 PM)
That explain why POC being sued?
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Yes!
GermanInvestor
post Sep 2 2015, 02:48 AM

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Do NOT invest anymore!!!!!!!!
COGI has signed for bankruptcy!!!!

http://mnpdebt.ca/style%20library/mnp/file...ust-25-2015.pdf

QUOTE(knight @ Aug 25 2015, 04:49 PM)
Today oil price dropped below $40/b. We have received a message from Conserve Oil Group, that oil companies in Alberta has been giving low royalties to zero to the government because of low oil price.
Here is the link:
http://www.cbc.ca/m/news/business/comparin...akota-1.3071622
Hence, from the latest update from Conserve Oil Group official website, Conserve Oil Group able to made profit up to CAD $45/b in certain oil well in April 2015 when the oil price was around $50/b-$55/b.
Here is the source:
http://www.conserveoil.ca/wp-content/uploa...ews-Release.pdf
That's why, they are still able to pay us 1% a month from the producing oil field.
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GermanInvestor
post Sep 2 2015, 03:00 PM

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Not really bankrupt yet, but if they do not get back the payoffs, then yes.
Take a look at this link. It's official, that COGI filed for protection persuant to the "CCAA"

http://mnpdebt.ca/en/corporate-insolvency/...?title=cogi-ltd

QUOTE(knight @ Sep 2 2015, 12:26 PM)
Thanks. I'm not planning also but once looking at it. Nice info u had there.

But this document is on the director to ask him to resign. Company definitely lost money but not yet bankrupt. Correct me if I'm wrong.
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GermanInvestor
post Sep 3 2015, 11:33 PM

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Not just you ;-)

I always thought, that COGI and Canadian Oil & Gas Int. were the same. But surprise, they are not!
Maybe the Canadian Oil & Gas Int. is a company controlled by Hanne or his best buddies. It's privately held and no one knows who the owner is. Or it is Mr Crombie himself or one of his company's. Or Mr Helwerda, the head of Sproule....
QUOTE(ch89 @ Sep 3 2015, 02:16 PM)
How is Canadian Oil & Gas International related to Conserve Oil Group? im confused
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GermanInvestor
post Nov 10 2015, 06:51 AM

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Here is a lot to read:

http://mnpdebt.ca/en/corporate-insolvency/...?title=cogi-ltd
GermanInvestor
post Nov 10 2015, 02:45 PM

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Oh no???
It just happend, what some people knew from the start!
But as always: nobody believed them.
Everything the people wanted to believe in is the 12%

GermanInvestor
post Dec 11 2015, 02:37 AM

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Now there is a Court Order for Proven Oil Asia for taking no more certain actions.
http://mnpdebt.ca/style%20library/mnp/file...ber-27-2015.pdf

 

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