CGX Energy Inc V.OYL

Japan Drilling Company - CGX Energy Investor Whale Flop?

[SheDrills]

I think WaitingStil could be on target regarding forced selling pressure from Japan Drilling Company.  In the last couple months there has been some JDC PR regarding reorganisation modifications, sponsorship, and efforts to make credit repayments. But damn them because none of their links to financial documents work.

I have emailed them but have no expectations to get a response. I've also emailed CGX and Frontera because if they missed this...shame on them.  An investor owning 14,750,000ish shares going flop was material to their company and they should have been tracking that.

Frontera can't ignore the price action in CGX anymore because today it seems it's weighing on them as well....at least tomorrow we coould get clarity during the earnings call. It's sure to be a hot topic during Q&A

210930_notice of the order uploaded_eng.pdf (jdc.co.jp)

[Rapsani]

Thos financial links for JDC haven't worked for over a year.  I've also emailed them early this year with no response.    If it has been JDC selling, well, that's a good sign the market just absorbed those shares and no longer concentrated with one investor, and selling pressure reduced.

[SheDrills]

The only good news would be that the pressure eventually stops....but given 14.7 MM shares to unwind.....would be really nice to know how many are left.

[Beaner1814]

I am no expert on Japanese law, but would be of the opinion that if the company is in a state of administration  and negotiations are being conducted between JDC and it creditors with consent orders being issued, then those documents may be held in confidence and not publicly available.