Timan Share Discussion Threads

[kubok012] 03/12/2016 13:36

Miami, why dont you tell everyone here, how that happened, Timan has sold its main assset (NGPT) to sort out the debt problem, but we ended up in the same situation where we were all these 8 years, but now we are without KNG and NGPT

The second question: A few investors approached the company to buy our Kaspi assets, but the management declined all of them and preferred to focus on selling NGPT. How do you and the management plan to restore the value of timan with the only remaining asset?

[seconduser] 03/12/2016 12:39

Thanks for the update Miami. Hopefully see some light, if not resolution, early next year.

[moormoney] 03/12/2016 11:45

Thank you Miami for the update and your continued efforts on our behalf. I hope that after you personally put up more money to keep this going, Timan will repay your faith in the assets. The shareholders should be a little more hopeful now.😄

[richie1218] 03/12/2016 11:14

Many thanks for your continued hard work and keeping us all informed as best you can Miami.

[miamisteve] 03/12/2016 03:18

Dear Shareholders,

Sorry for the lack of news since the EGM.

The purpose of that EGM was to approve a CVA both with shareholders and creditors.

After approval was achieved on both counts, the CVA had to be funded. Due to volatility in the markets after the Brexit vote, our funding plan had to be altered and I personally loaned the money for the CVA.

After receiving the funds the supervisor was unable to immediately make payment to the creditors as their claims had to be adjudicated and two creditor cases were problematic.

The CVA supervisor has now completed the adjudication process and sent out notice to creditors.

If none of the claims ae challenged then the CVA will be complete in the coming weeks.

However our auditors have threatened to resign should this not be resolved imminently. I will update this in the coming weeks should anything material occur.

[seconduser] 25/11/2016 16:41

If the last asset is gone as kubock012 says then folks should be able to claim the loss on this years tax return.

However..........

From what I can gather Timan is in a voluntary arrangement (not dissolved or wound up) and are currently reaching a compromise agreement with creditors - hence the request for creditors to contact the Supervisors of the Company. This came from Colin Hardman, of Smith & Williamson and is expected take around 2 months hxxps://www.thegazette.co.uk/notice/2564132

Although there has been dilution it is understood that once the creditors have been paid there should be some value left in the company. Anyone with a reasonably large holding should maybe speak to Shaun Hand at Capita (Capita acting as the Company Secretary)- [e-mail] who should be able to advise/indicate residual value after creditors satisfied.

I only hold minimal stock and look in occassionally to see how things are going and whether or not I can write it off. I am by no means involved in the process so please do your own follow up!

[astorcourt] 17/11/2016 07:08

there is no one working on our behalf. Its all gone bad here i'm afraid.
Miami is long gone, he has no more association with timan.

[geordy2] 16/11/2016 19:52

Excuse my ignorance but who the hell is this character miamisteve and whose interests does he purport to represent. This whole saga appears to be one wholly manipulated charade. The question is who are the good guys if indeed there are any ???

[fmot55] 16/11/2016 19:25

Miami where is the truth please?

[pete678] 16/11/2016 10:16

Here's an interesting interview about Oil - discussing current Supply/Demand situation and future prospects

[kubok012] 16/11/2016 10:01

Neftisa officially disclosed on its corporate web page that it owns NGPT

Www.neftisa.ru/regiongroups/nwgroup/ngpt

Finally, the last our asset has gone, it's all over guys,

Ciao!

[kubok012] 04/11/2016 20:07

Yes, he sends thank you to every minority shareholder who voted and trusted him in that difficult but full of opportunities time!

[richie1218] 04/11/2016 14:44

Any news Miami please?

[excell1] 27/10/2016 18:37

Monthy visit,still half full type of guy,an update from Miami would be most helpful.

[kubok012] 25/10/2016 08:05

Dont be silly, it is a shell company,you guys will never get even a penny out of that.

[cfccfc1970] 25/10/2016 07:41

Chaps - do you think we are in a news blackout as the board of directors are working on a possible sale of company, given the improved sentiments to the oil sector ?
Just a thought.

[kubok012] 20/10/2016 11:26

Happy to see you guys again. Miami is working hard to get every sibgle shareholder screwed. You have just to be pationed.

[excell1] 08/10/2016 22:39

Never say die whe4to.

[whe4to] 04/10/2016 11:40

Bottle half full excell, lol....what was in the bottle, it must have been bloody strong to keep you optimistic here! Lol

GL :)

[excell1] 29/9/2016 12:31

Phew! and I thought that I would be the only poster in September now that October is only two days away.

Bottle half full kubok- not half empty.

[kubok012] 28/9/2016 12:09

You cant declare timan a total loss as the current management hasnt totally destroyed the company yet. As soon as our last asset disappears, then you will be able to do that. You have been waiting for this moment 8 years, so you Can wait for another 2 months. I am still wandering how many people here on this board still believe miami and mr. Chalov? Whats the reason for this blind belief..

[cfccfc1970] 27/9/2016 18:42

As we now approach the final quarter of 2016....any news expected final quarter or do we think 2017 is more likely.....

[excell1] 07/9/2016 21:07

Thought I would look in, it is September after all.
Thanks very much for the update Miami-appreciated.

[geordy2] 25/8/2016 20:07

Can I now declare Timan a total loss for CGT purposes