Tethys Share Discussion Threads

[temporarily insane] 06/12/2016 16:21

Once the Kumars put some effort in, then hopefully this falsified share price can be reversed and we can start drilling for some bloody oil and gas.

We need to start getting on like a happy family. eh?

[temporarily insane] 06/12/2016 15:54

In fact where have all the multiple trades gone on TSX???????

Not needed as the job has been completed to get the share price down.

[temporarily insane] 06/12/2016 15:49

So over the past year Tethys share price pretty much achieved sod all, down to hardly any selling but hardly any buying. Magic??? really ya think.

The fiddling of the share price using multiple sells previously had done the trick to kill the share price from 55p to 3p over the previous years

The aholes who controlled the share price couldnt have made it more obvious when you look at the chart.

[naimanka74] 06/12/2016 15:34

Incidently "a few" is relative, being taken for an idiot by arrogant incompetents is an issue for me, not the money.

Laugh on laugh on my freind
Hee laugheth best that laugheth to the end

We will see.

[dorset64] 06/12/2016 15:25

Casual, we've both been in many shares together and spoken 'off board' so yep, lets move on & drop the bickering.

[dorset64] 06/12/2016 15:24

Then sell up & move on, as you say you only own a few so its no issue to you?

[naimanka74] 06/12/2016 15:13

It's not just the quantity of warrants, it's the penalty, if that was a condition of the new (unrelated....) partners it doesn't bode well for the future. In my mind this is fraud, pure & simple, market manipulation at its worst.

[casual47] 06/12/2016 12:24

Agreed. Duly moved on with apologies all round.

Still waiting for a reply to my email to them. Will chase later this afternoon. I expect they may not want to reply as I am questioning the number of warrants (also asked other things, e.g. gas contract and EGG)

[temporarily insane] 06/12/2016 12:20

Move on folks!

Nice average casual47.

[casual47] 06/12/2016 12:08

D64 -- maybe it's time for you to walk away from the keyboard for a while.

You are again completely missing the point I was making. Maybe if I break it down with an example:

The average share price of my TPL shareholding in my ISA is 1.80 pence at 900K shares. The shares are currently worth around £11K, so I have a paper loss of about £5K.

If a placing takes place at 20 pence and the share price matches that then my shares will be worth £180K.

I really have no idea what you are trying to prove, btw, or why you bothered to look through my posting history all the way to 2015 to find that completely innocuous post. It doesn't prove anything, it doesn't add anything, and more importantly it doesn't have anything to do with what started this whole sorry chain of posts.

[dorset64] 06/12/2016 12:00

And any idiot understands that any dilution reduces your holdings value, let alone diluting a thousand times over.

[casual47] 06/12/2016 11:03

Any 1diot can see what I meant: I would be happy for a placing to occur a 1000 times at 20p.

[dorset64] 06/12/2016 11:01

Casual try and work out what you wrote instead of bleeting on about being bullied. (Ffs)20p ÷ 1, 000 = what pence, go on you were happy to have your 20p diluted a 1,000 times so you post what price youd be happy with as long as you make money.The fact ive simply copied exactly what you posted does not constitute bullying, but perhaps shows how youve changed your mind and now doesnt wish for anyone to see.

[casual47] 06/12/2016 10:38

The problem here is that Hguess/D64 are bullying anyone who dares to question the BOD. When somebody asks questions about what is going on they immediately try to shut down the question -- not once addressing the issues raised. Instead trying to attack the man -- e.g. Naimanka is supposed to be an Olisol stooge ("lol").

The mantra seems to be: Shut up and suck it up.

If that is the case, why do you even want to be on a *discussion* board?

[casual47] 06/12/2016 10:36

D64 - your comment doesn't even make sense.

My post was written when the share price was multiples BELOW 20p. So of course getting diluted at 20p would be GREAT. I think we ALL would like to get diluted at 20p a 1000 times over now. Getting diluted on the current placing price is for most PIs CATASTROPHIC, as it will take so much longer (if possible at all) to come close to their own average.

[dorset64] 05/12/2016 21:07

You've changed your tune casual47.... Hindsight perhaps?
==================================================
casual47 - 15 Nov 2015 - 19:27:28 - 8185 of 12711

I would be very happy to get diluted 1000 times over at an average placing price of 20p. I am in it to get more back than what I invested, I am not holding out for dividends. Number of shares held times share price Simples.

[hguess16] 05/12/2016 20:54

Casual,
If you wish to go on about what should have taken place after the event and expect a response on your misguided script, you are mistaken !. You tend to focus on the past instead of offering any solutions !.
I have always suggested that Tethys should move to an asset based funding solution using its reserves as collateral. Unfortunately for Tethys, its only customers, EGG and ICA are in dispute and until this is resolved and/or new customers are found, an asset based solution cannot be implemented.
The Kumars have stepped in and offered a solution which dilutes equity, but also offers the possibility of a future for the company if they keep their promise.

I would rather move on and expect the new team to focus on getting Tethys out of this mess and wish them well !.
let me repeat once again. Tethys had no other alternative but to accept the Kumars
deal !.
Now the Kumars have to deliver !.

[casual47] 05/12/2016 19:53

Hguess, funny, you write "Facts!" and then follow it with a load of assumptions you have made and for which there is no proof anywhere in any RNS.

How about you address what I have actually written rather than pick out a word or two and then add a whole load of nonsense around it?

Is it because you are unable to address any of the points I made so you have to make stuff up?

In my last post I only mentioned Sinohan and AGR in the context that them providing 40+ million funding was a condition for starting a deal, yet somehow the Kumars get away with obtaining 40% of the company on just the hope of their assistance, as that's all it is.

I shall not hold my breath for a decent response.

[hguess16] 05/12/2016 19:29

Casual.
Facts !.
SinoHan was never a done deal because Robson failed to obtain approval from the KAZ authorities.
AGR wanted to acquire Tethys with amended terms which would have left PAM, the largest
shareholder with a significant loss and no control or influence !.
Nostrum amended the terms of its original deal following its due diligence and insisted on being the senior creditor on amounts owed by Tethys.
May proved his loyalty and credibility to Wells and Tethys when he realised that Abramov was found to be unreliable and opportunistic by his actions.

I am realistic rather than being wise after the event !.
You said that you would vote against the Kumars deal !.
Let's see how much support you receive in rejecting the Kumars deal when the votes are counted !.

[casual47] 05/12/2016 18:42

Hguess - Wells should have taken an active role as soon as he became an activist shareholder and kicked Robson out.

Wells should at the very least have urged the board to obtain concrete due diligence on Olisol's ability to pay before blocking the Nostrum deal.

If as major shareholder you are saying NO to a takeover bid you damn well make sure there is a viable alternative on the table.

Wells asked May to bring Olisol in. May represented Olisol.

Alarm bells should have gone off the first time Olisol did not pay the money at the end of 2015.

Instead of allowing Olisol to continue with their d1cking around they should have looked around for investors the first time Olisol wanted to renegotiate the deal at a much lower placing price.

On the previous deals Sinohan/AGR/NOG/Olisol came with promises of access to 40+ millions of USD to invest in TPL. Now all we have is a vague wish list of things they hope to get done with the Kumars and no mention at all of where the money is going to come from, yet they are prepared to give them 40% of the company.

It's OK to batten down the hatches and hope for the best. But please don't try to pretend this deal is anything but questionable.

[hguess16] 05/12/2016 18:27

Casual,
I too hold a substantial number of shares since late 2013.
I am not happy clappy as you suggest. But I have no choice here but hope for better times.
Wells, as I've said in the past was semi-detached from Tethys as he had his PAM to focus on. When Robson was asked to go, Wells relied on Bell to strike a deal with
AGR Energy, Nostrum and later Olisol.
After much cajoling from Olisol and a revision of terms originally proposed by Nostrum, Bell recommended that Olisol was a better bet as Oliosl already had connections with Tethys. As you are aware, Olisol prevaricated and kept on postponing the completion of the deal, Abramov finally showed his true colours by committing a breach of contract after having chaired a Tethys BM.
Wells then decided to take the helm as chairman and he invited May to take over as interim CEO who subsequently took the permanent CEO role.
For you to suggest that Wells was in charge during the three years of misery is unfair.
Wells realised that he had to take a more active role following the Abramov breach.
I hope the new Tethys team with the Kumars provide us with a more realistic plan which can deliver some recovery in the future !.

[temporarily insane] 05/12/2016 18:11

Time is money.

[che7win] 05/12/2016 17:40

Casual,
I can relate to your frustration.

I think the 40% possible dilution with the warrants is a tragic, management should have done some kind of fundraising long ago, but they have fallen at each hurdle.

My concern among other things was the licence stipulations required - they needed to spend $7m on drilling, Klymene fitted that bill. I guess there was plenty of opportunity for authorities to remove the licence, but latest results includes penalties, they need to stop faffing around for one last chance to recovery the severity of losses to shareholders. Next time I won't be so loyal (I hope), or trusting.