Tomco Energy Share Discussion Threads

[the diddymen] 03/5/2024 16:41

£19 of trades today. Tick, tock.

[the diddymen] 03/5/2024 07:17

Effectively W-5 now. No responsible Board would ever leave financing this late.

Desperate people will try anything and (in my opinion Mixi) there is just a chance that old tricks will be recycled. If volumes and prices suddenly increase shareholders should grab the opportunity and sell into the rise.

[the diddymen] 02/5/2024 17:08

1d, £73 today, they will need to relist!

[1dutchman] 01/5/2024 22:49

TD - no doubt the London market is challenged to handle such high volumes. Perhaps the deafening silence from TOM is due to the Board's moves to decamp to New York so as to realise the company's true value?

[vauch] 01/5/2024 20:27

Not sure if we would get the crumbs though.

[vauch] 01/5/2024 20:25

Sounds like a good call for the top table

[the diddymen] 01/5/2024 18:03

Volumes up today to a dizzy £2900 - but all sales by the looks of it.

[the diddymen] 01/5/2024 10:03

AGM in 2023 was August. Maybe about the right time for a creditors meeting:

Vauch30 Apr '24 - 07:53 - 31371 of 31372
0 0 0
Soon be the next agm.
ill bring the biscuits any request.
rmart1 May '24 - 08:58 - 31372 of 31372
0 3 0
Jammy dodgers seems appropriate.

[rmart] 01/5/2024 08:58

Jammy dodgers seems appropriate.

[the diddymen] 01/5/2024 08:30

c50% increase in trading yesterday to £93 and the biscuit tin needs c£500k. The directors should be drafting their excuses now. They could do worse than check out D Horgan of Clontarf Kennel fame who once described the sequiter 'narrative failure' as honest failure.

[vauch] 30/4/2024 07:53

Soon be the next agm.
ill bring the biscuits any request.

[the diddymen] 30/4/2024 07:27

1d £63 traded yesterday. Not a lot shareholders can do really. TOM is now into the twilight of its narrative.

[1dutchman] 29/4/2024 17:42

It is difficult to understand how investors are still holding. There is no hope of finance and either administration or another massive dilution are only days or weeks away. Even the rampers have given up and gone home. I'm guessing that anyone still holding have written off this dog.

[the diddymen] 29/4/2024 07:24

Into W-6 now. 30 working days or so for TOM to RNS another Jones and Co bailout, or deliver the Godot funding package. More likely will be the administration RNS.

[the diddymen] 26/4/2024 14:30

1d, re - a bit of research, a recent post on the gamblers' thread appears to suggest that conversations about placings were misplaced. The poster clearly has not even read the latest financial statements and the auditor's going concern qualification. Faint chance of shareholders doing any research if they cannot even read the latest set of accounts.

[vauch] 26/4/2024 13:02

Its time this was over the line.

[1dutchman] 26/4/2024 12:37

TD - No 18302 - "...the TOM board have failed to understand that even if you run a narrative company, you still have to invest in the narrative." Sad but true.
In retrospect, it is hard to believe that even a narrative company could have based its tale on a CEO with no relevant experience(in fact, worse than inexperienced - - he led his previous company to bankruptcy), an engineering narrative without employing a single engineer, a dependency on a money-grubbing contractor (Byle's Valkor) that failed to deliver on a single promise.... And yet, TOM got away with it for years.
Still, investors in AIM companies would do well to spend a few minutes researching the leadership before investing their hard-earned cash.

[the diddymen] 26/4/2024 07:06

W-6 effectively. Not that it will do any good now but the other thread really ought to be asking questions about the going concern qualification in the accounts. Still time to get a few pennies in the pound back.

[the diddymen] 25/4/2024 18:18

1d - the TOM board have failed to understand that even if you run a narrative company, you still have to invest in the narrative. There are AIM companies with the same objectives as TOM but substantially better developed and more sustainable narratives.

W-6 approaches and with no funding likely the TOM board will have to consider the risks of trading whilst insolvent.

[1dutchman] 25/4/2024 15:25

Still, without Byle leading JP by the nose, it is assured that TOM has absolutely no strategy. JP made a go of it for so long simply by aping Byle’s lies. JP didn’t even have to understand what he was saying. It probably helped that the Chairman and the Board also had no operational experience in the industry, as they wouldn’t have even known the right questions to ask. But they surely would have known their ‘gig was up’ when Byle broke it off with JP. When was that, and how long have investors continued to be milked since the Board became aware of the split? Given the reliance TOM had on Valkor, surely this should have been announced to shareholders?

[1dutchman] 25/4/2024 15:24

Yes, full credit to Vauch for being a man of action. I saw on the LSE board that he contacted Byle and was reminded by him that TOM still owed money to Valkor. He also learned that Byle and JP had fallen out and that there was no business relationship (except the loan). That would explain why Valkor’s drilling campaign no longer includes TOM. With Trio Petroleum, Valkor has found another group of shareholders whose pockets they can pick, so Byle no longer needs TOM. The ‘huff and puff’ or steam injection plan for their wells is as bad as CORT. Though used in certain locations around the world for tertiary recovery, it is neither economical nor environmentally sound to establish in a greenfield location, in a desert no less (water scarcity). I wonder if Byle ever actually believes in any of his schemes or if he merely throws s—t against the wall to see what sticks?

[lopodop] 25/4/2024 14:51

1Dutchman
It seems Byle and JP have fallen out.How on earth can TOM move forward with no cash to speak of and no business relationship or business.
On the other hand look at Groat’s remuneration and that of JP - surely the principal investors must be factoring this into their sums - why?

[1dutchman] 25/4/2024 11:43

It is curious to see the two Vale consultants building a stake. We know there are no assets of any value, either now or in the future. Are they seeking to acquire a cheap listing? Given the market cap, that might be an argument, but, besides the debt, there is also JP’s payout if there is a change in control. Unless, of course, he is dismissed ‘with cause’. There are certainly grounds for that.

[1dutchman] 25/4/2024 11:42

Good point, Lopo. Glad to see you’re still on watch here at Diddy’s approaching W-6. As well as misleading shareholders, I find myself wondering whether it is possible that JP has also pulled the wool over the Board’s eyes for six years. It seems unlikely, especially as ZP was supposed to have been integrally involved in finance these last three years. Regardless, JP’s failure over six years to meet one single deadline (except his own payroll) means that the Board was not only negligent in appointing him in the first place (given his complete lack of experience), their negligence continued as the failures mounted.

[lopodop] 25/4/2024 07:32

TD
JP continues to work his magical persuasion on shareholders to keep giving. How much more can they continue to fork out?