Tethys Share Discussion Threads

[casual47] 09/2/2017 12:57

This could potentially have to do with the fact that the Kumars could be related parties. If they were indeed related parties then this should have been disclosed.

I can't say I am convinced they are not related parties....Have asked TPL again about this. Hope to get a more straight forward Yes/No reply this time.

[casual47] 09/2/2017 12:41

Not wishing to play into Olisol's hands but I have indeed contacted TPL to ask if they are aware of Olisol's latest chess move and what it means and if they will reply by RNS.

[casual47] 09/2/2017 11:45

I understand why warrants were given to Kumars at 3.1 US cents.

Why was the ALR debenture conversion price reduced from 10 USD cents / 19 CAD cents to 3.1 USD cents? Why treat an unsecured loan that happens to be from the Chairman's buddies preferentially? What about the other unsecured loans, especially the ones that mature several months earlier?

Note: I don't think Olisol have a valid claim here as everything was approved by both BOD and shareholders at EGM. That doesn't mean I have to like the decision or think it was required, at least at this stage.

[hguess16] 09/2/2017 11:39

Casual,TI,
Let me try to give you my answer to the drop from 10 cents to 3.1 cents.
My perception is that the Wells and May agreed to the 3.1 cents deal with the Kumars because they were bringing real value to the company at that time on the following basis;

Kumars' Offers in addition to the 3.1 cents !.

- An offer to help Tethys with the new marketing deals for oil and gas products since the deal with Olisol, re EGG was dead and also Olisol influenced ICA to cancel existing contacts. What is the value of this offer !.

- An offer to help the restructuring of existing short term loans due; the facts of this offer due to be revealed, hopefully, soon. Again I will leave you to allocate a value to this offer !.

For a distressed company, like Tethys, at that time, this would have been a lifeline as it had lost all its customers for its products !.
So the Kumars' might be considered as " Angels" who came to the aid of
Tethys !.

So I am willing to say that the difference between 3.1 cents and 10 cents, ie 6.9 cents may be equivalent to the value of the two offers by the Kumars.
Your facts about the Salzhanov Family link to Medgat Kumar ( if true ) also adds to the credibility of a value added content to the Kumars' offer to Tethys !.

[casual47] 09/2/2017 11:27

They really should remove the "download our current corporate presentation" link. It has been leading to a blank "coming soon..." page for over a year now

[temporarily insane] 09/2/2017 11:25

To be honest, since Bill Wells was appointed CEO for Tethys it does appear to be being run in a very squeaky clean fashion..

Looking forward to the updates from the Board and we can all put this behind us and have a company run by professionals creating shareholder value.........

[casual47] 09/2/2017 11:16

We all know what the emergency prepayment was for: So that POPE could be sure they had enough of a safe margin to see the EGM resolution voted through. What they said it was for is pretty nonsensical given the tiny amount that was converted and given that 8 million USD was due only a few weeks later.

[temporarily insane] 09/2/2017 11:01

...a penny share caused by?

[casual47] 09/2/2017 10:50

The good thing about Olisol still causing trouble is that we can be sure the BOD will try to be as squeaky clean as possible, which for a penny share is something I suppose....

[hguess16] 09/2/2017 10:30

Looks like Olisol objects to the ALR conversion of debt to equity as Wells is
the chairman of PAM and, ALR is linked to PAM !.
An act of desperation by Olisol !. Pathetic !.

" A contaminated Olisol pot calling the kettle black ".
Skripka, the "pseudo negotiator" who failed to deliver the promised O/D facility
turns up to negotiate in the West !.
I wonder why Abramov, the minor oligarch and ex-chairman of Tethys did not turn up for the meeting, but sent his lackey, Skripka, instead ?.

[1399peter] 09/2/2017 10:25

Hilarious if they are, hence the tongue in cheek James Bond twist, we just need a poster called minime or Blofeld to turn up for a full house

[casual47] 09/2/2017 10:17

If they are using what we have posted as "evidence" then it really is the blind leading the blind....

[1399peter] 09/2/2017 10:08

Perhaps we have a mole reading our posts "Salamanka" no doubt!!

[temporarily insane] 09/2/2017 09:59

I think the board would have known about this and have a plan.

[temporarily insane] 09/2/2017 08:53

The assets must be valuable if they keep trying...LOL

[1399peter] 08/2/2017 23:28

TI,

I certainly don't think their market will do us any harm on the back of good news.

I guess we will find out soon enough

[temporarily insane] 08/2/2017 23:05

1399Peter, interesting comment. Maybe we should stay on the TSX then.


To be honest all the damage has been done now but a vote was agreed but not acted upon a few years back. Maybe that was hoofed out when the previous BOD left.


As you say the TSX is our main listing and MAYBE it can be used to gain share price value the way it was used to diminish shareholder value over the past few years.



I will stop going on about leaving the TSX as we are in a turnaround era for Tethys Petroleum.

[1399peter] 08/2/2017 22:34

TI,

Correct me if I am wrong here, but isn't the TSX our main listing and isn't it their controls and regulations that are keeping TPL on the straight and narrow (so to speak).

I edited that last part as we are not AIM listed, but I still feel that companies get away with far more under our regs, unless they are top100. IMO

[hguess16] 08/2/2017 18:58

TI,
I would be more concerned if the volume per trade hit the 200k -500k or more level.
At this stage, buyers and sellers are relatively minor players !. The big volumes will come in as soon as Tethys is able to release legally vetted factual news and,then I expect a bit of fireworks with some traders running for cover !.
My guess, as I said before, is to give it until end next week, for news to emerge !.
I think you would agree that, ultimately, it is cash flow that matters !.

[temporarily insane] 08/2/2017 18:03

Why is it only TD Securities that gets away with trading using Bypass Trades (W)?


They are the ones manipulating the price. There is no correlation between trades and buy and sell % gain or loss.