Tethys Share Discussion Threads

[dorset64] 01/12/2016 15:42

lol causual, you do make me laugh!!!

First of all according to you it was nailed on that Sjoberg was introduced to the TPL board as the Cayman lenders insisted it, now you say he has more than likely been introduced to the BoD's as he will be having the ultimate & final controlling vote in any board meeting...


You been using that hash pipe again?

[temporarily insane] 01/12/2016 15:23

Cheers casual47.

Little by little Tethys is getting back on its feet.

[casual47] 01/12/2016 15:20

Once the Kumars join there will be: 2 TPL directors, Mattias, and 2 the Kumars. So perhaps they agreed to install an independent in case the vote was split 50/50, so the independent would have the determining vote.

[casual47] 01/12/2016 15:15

It's good to have an independent director in terms of corporate governance. In the grand scheme of things he is just one voice/vote.

I asked TPL this question because I was wondering if his appointment had anything to do with the Caymans lender, e.g. that maybe he was "forced" onto the BOD by them.

[temporarily insane] 01/12/2016 15:10

Casual47, is this good bad or doesnt really matter?

[casual47] 01/12/2016 14:24

You can't say I don't add anything to this board.......

Sent an email to TPL and they just got back to me:

Mattias Sjoborg is an independent director.

So, I guess that means he's not representing the Caymans lender or is a shareholder etc.

[casual47] 01/12/2016 14:08

As noted earlier, it's a positive that one of the Kumars is UK based and has UK directorships. It makes him much more accountable than anyone in Kaz, e.g. he can more easily be taken to court, if needed.

[benandemmiboo] 01/12/2016 13:46

This site gives some background on the Sanjeev investors, and their other investments (including financials, etc): hxxps://companycheck.co.uk/director/909445582/WINSTON-SANJEEVKUMAR-SOOSAIPILLAI/companies

[casual47] 01/12/2016 13:39

hguess - let's see them deliver before we hail them as the new Messiah.

Your post is more leap of faith than anything.

We have to be optimistic as we are locked in. Doesn't mean things actually are optimistic, they are not.

[hguess16] 01/12/2016 13:27

I have a more optimistic view about the future now that Soosai and Kumar are in and more importantly that PAM/ALR are committing to add 12m shares at $168k to their current 64m holding and also to ensure adequate control at Board level.
With the resolution of the disputes with ICA and EGG in the near future, I am expecting that drilling of gas and oil wells will be back to normal.
Olisol who, I believe, influenced EGG and ICA to create problems for Tethys due to it being left out in the cold, are more than likely to reconcile with Tethys soon.
Oliosl too have much to lose by the current impasse they have created and Abramov might now realise that Soosai and Kumar, with their international market reach, may well be an alternative consumer for Tethys oil and gas products on an arms length relationship and on commercial terms more competitive to the existing arrangements.
To also reiterate comments from Dorset, the new investors were well aware of the risksof entering into a transaction with Tethys.
As for the current lack of movement in the share price, investors are waiting for confirmation/delivery of promises made by the new investors before they make their next move.
I am not too concerned about low volumes and the silly trades being processed at present.
Let us be patient and watch the sick patient, Tethys, recover under the guidance of the new team of "Surgeons and after care specialists" that make up the new team !.

[casual47] 01/12/2016 11:53

D64, until we see action, the Kumars investing a tiny 700K each believing they can make this work is not that different from Olisol investing 11 million USD believing they can make it work....

[dorset64] 01/12/2016 11:50

Casual, do you think you are the only one that has noticed they have a load, irrespective of where it came from that matures in March.

Do you honestly believe that the Kumars invested a 7 figure sum of their own monies knowing that TPL will default on ANY loan?

As you quite rightly point out, talk is indeed very cheap.

[casual47] 01/12/2016 11:37

D64 -- the reason an unsecured loan matters is because if they trigger a default then a few things will happen:
1. All other pending loans will trigger default also
2. TPL will never be able to get credit ever again

Have you tried getting a mortgage with a bad credit score?

The reason why I focus on Caymans loan and not one of the other loans is because it matures in March. Three months from now.

The reason for lacklustre movement following Kumars news is:
1. It was a bad deal
2. Nobody knows the Kumars or what they can do for TPL.

Talk is cheap.

[dorset64] 01/12/2016 11:28

Casual, are you sure you don't live in the Caymans as you appear transfixed by it/them., The Caymans loan is still unsecured so who/how that could bring the Co. down if not repaid is beyond me.

The reason imo for the lackluster share price movement after the Kumars confirmation is obvious, in that the price they come in at is around where we are now. Why would the share price jump 100% or more on the news, it wouldn't. What is does do is to give shareholders confidence that things will, more than likely now be sorted.

I cannot believe for a second that they, the Kumars, would risk a single penny in helping TPL oyut, by jumping on the BoD's and by putting their business name to the company if they, after their completed DD, believed that the Olisol situation would be sorted, that an export licence can be gained and an overall drilling campaign commenced.

What I think is happening is that they have shown the BoD's of their intent by investing a seven figured sum in order to steady the ship, and in return to gain some power by being on the board. In return I believe they will be injecting more funds in the near future in order to finally get the company back on their feet and in turn, return to being a O&G entity although how much oil I'm not too sure.

Other than steadying the ship at this stage of the re-negotiations I am relieved that they are on board and, with their influence in country I firmly believe the whole Olisol saga will be soon put to bed and a return to operations will commence. Furthermore and with the Kumars on board, Olisols hand has not only been weakened or even chopped off, as now they know everything they have tried in the past to destabalise TPL has not worked, and it will be in their own interest to have the previous relationship restored as, without it, they, Olisol have no future or access to TPL's funds/assets without an agreement.

This news was never going to catapult TPL's shareprice 50% or 100% or more but what it does do is to ensure, imo the share price does not drop too much in the near future barring any more calamitous news arising.

[neilyb675] 01/12/2016 08:22

morning

morning

Just opened "1" on the advent calendar. Tomorrow I will open "2".

[seroserio] 30/11/2016 18:20

TPL -the black knight :-)

[casual47] 30/11/2016 18:15

At least TPL, to quote Elton John, is "still standing". So perhaps TPL aren't exactly the puss13s Olisol thought they were.

[ratfan] 30/11/2016 18:01

I remember someone asking Robson in one of his many video interviews if he felt that there would be issues doing be business in the stans due to corruption etc and he assured that things are different now in these area.the more that comes out the shows that they certainly still do business in different way and the risk is therefore many times higher.