Teathers Fin Share Discussion Threads

[treeshake] 01/4/2015 14:11

what the hell are they messing around with a stupid oily for ? Mates ?

[treeshake] 01/4/2015 14:09

paul retweeted
UKInvestorShow ‏@UKInvestorShow Jan 23
Hear Coms Plc founder Jason Drummond at the UK Investor Show 18 April. Tickets available now.

[tom111] 01/4/2015 14:07

not impressed

[someuwin] 01/4/2015 14:04

1 April 2015

Teathers Financial Plc

("Teathers" or the "Company")

Update on investment in Kentucky Oil and Gas plc

On the 23 September 2014 the Company announced that it had entered into a non-binding heads of agreement to subscribe for 3,333,333 new ordinary shares in the capital of Kentucky Oil and Gas plc ("KOG"), at a price of 4.5p per share, which would amount to approximately 4 per cent. of the enlarged share capital of KOG. As detailed in the circular sent to shareholders and dated 12 November 2014 ("Circular"), on 2 October 2014 the Company lent GBP100,000 to KOG by way of a convertible loan note ("Loan Note"). The Loan Note matures on 2 April 2015 and the Company has agreed with KOG that it will convert the Loan Note into 2,222,222 new ordinary shares in the capital of KOG at a price of 4.5 pence per share (representing approximately 2.69 per cent. of the enlarged issued share capital of KOG). The Directors have also decided not to invest any further funds into KOG as originally considered and detailed in the Circular.

Jason Drummond, Chairman commented: "As shareholders Teathers are able to directly benefit in any progress made by KOG. KOG has informed us that it is progressing with its exploration programme and we therefore look forward to reporting further updates on our investment in KOG in due course."

Background information on KOG

KOG is involved in early stage oil and gas exploration in the state of Kentucky, United States. For the year ended 31 March 2014 KOG made an unaudited loss of GBP120,539 (unaudited loss of GBP80,742 for the year ended 31 March 2013) and as at 31 March 2014 had unaudited net liabilities of GBP111,789 (unaudited net liabilities of GBP11,250 as at 31 March 2013).

[darrentreweek] 01/4/2015 13:48

Leave your tea cups on the side when you leave last one out gets to do the washing up....

[drmaccers] 01/4/2015 12:46

It can do what it likes until ULIS launch then away we go again

[tom111] 01/4/2015 11:02

teas gone cold what say u jack

[tom111] 01/4/2015 08:44

time for tea dead here

[tom111] 01/4/2015 08:11

lol calm down

[tom111] 01/4/2015 07:48

of course u did lol

[jakleeds] 01/4/2015 07:41

Back into TECH after the fall. Looks a good bet to be tipped in SCSW next weekend....

[tom111] 31/3/2015 17:14

good luck jack with the top price u paid foor DAN

[tom111] 31/3/2015 17:01

wheres that man hes gone very quiete

[tom111] 31/3/2015 15:14

should have bought DAN up 700%

[danieljackson] 31/3/2015 15:11

There's 13.5m shares not in the calculation yet. They come on the market on Thursday. Though I guess a few have been presold - like Mr Rowlands'

[phil1969] 31/3/2015 15:08

Maths and previous RNS doesn't add up!!Previous situation and resulting situation figures are the wrong way round surly?With 57m shares in issue with voting rights. His 1,851,600 shares would only represent 3.2% yet it states he has 4.56%Very confused with the two RNS's this aft.

[citytrader007] 31/3/2015 14:59

its called reality, not conning the innocent, two different things, it needed a reality check, no harm in being truthful ...

[65jack] 31/3/2015 14:55

Cant buy more then 50k online now.

Someuwin poor show allowing citytraders to run riot

[danieljackson] 31/3/2015 14:54

How many did you buy ct? lol.

[tom111] 31/3/2015 14:54

ct give it a rest move along please

[citytrader007] 31/3/2015 14:53

just showing how truly weak this share is, no harm done ...