Well the senior lender should have that report. Their update to the market is critical wi5hijnthe next couple of weeks. |
17.3 million sell You gotta larf BWAHAHAHA |
 Zen12 - The suspension could happen anytime because all of the agreements with the Senior Lender not to file for administration since the company defaulted on 01/01/2024 result in the shareholders ending up with nothing on or before 29/02/2024. So the Shareholder Action Group can rabbit on as much as it likes about legal action and the company about a restructure but the deadline is 29/02/24 unless the Senior Lender extends. If you're in this be careful.
RNS 10/01/24 - Next Steps.
The Forbearance Agreement committed the Company to the following:
1. Subject to certain conditions precedent and the continued compliance with the terms of the Forbearance Agreement, the senior lender agreed not to exercise certain rights and remedies, including foreclosure, that it might otherwise have as a result of the default(s) under the Senior Credit Facility until February 29, 2024;
4. Within 45 days, an agreement with the senior lender on a process and milestones for either a comprehensive sale of the Company's US assets, a foreclosure of the Company's equity interests in its US assets or a "take out offer" in an amount satisfactory to the senior lender.
5. Within 30 days, a business plan must be delivered to the senior lender that includes proposed steps and terms for the sale of the Company's US assets. |
Look at those 5million block sells going through - this is going red |
The sellers look like they see the news as negative. |
It’s got as much chance of staying afloat as Titanic on her maiden voyage 🤔🤦🏻♀;️🤡 |
Both good news today, but you talking suspension lol. They have reiterated restructuring discussions are ongoing so can't see why you would think this. |
The CFO resigning and Tosca out are both good news and so is talk of restructuring. However shareholders could still end up with nothing save any returns from legal action that will be years away. Until the secured lender announces an extension and shareholders will kept on board this is still too risky. Could be still suspended any day at anytime. |
It doesn't make a difference they won't suddenly turn a profit |
Think some panic setting in for shorters tbh. Gaffney going is great news |
The rats deserting. |
How is this not suspended! |
Berry still mouthing off! |
Yeah and we all know how - nothing to do with shares you slimey creep |
Gaffney has gone. Cheerio |
I made 8 grand yesterday love |
Everyone's been given the heads up and have been all along they just always choose to ignore it. It's not only going bust, it is bust and has gone bust multiple times only to be saved by massive dilution - which is no save at all for existing holders. |
Zen12 - "They are doing what they’ve always been doing selling out."
Yes but there may be an additional reason why they are selling out because they know of the pending foreclosure enacted by the Senior Lender.
So shareholders have to decide is this a good thing Tosca are selling as normal which would allow the share price to recover when they are totally out or is there something more sinister to this selling. |
Very nice profit, 0.65, Many others in here have done the same, Your the only loser in here and it's wonderful Lol |
Why would you think that, always half empty cup!They are doing what they've always been doing selling out. |
The question is Tosca reducing so giving the opportunity for the share price to rise unhindered by bondholders selling or is Tosca reducing because they have been given the heads up regarding the secured lender pulling the plug? |
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