Tethys Share Discussion Threads

[jpodtrading] 22/12/2016 19:52

TI,

Whilst I agree that it does look like the TSX has been manipulated for someones gain, I'd guess that TD are buying and selling on behalf of their clients. Or wouldn't they have to put that through the market?

I've been invested here since Sept 2013 and 40p so feel your angst. I'm nowhere near as heavily invested as you or others so I appreciate your pain is much more intense. I've topped up a number of times since it looked like we were going to get 'rescued' only to have our hopes dashed. I've certainly learnt a lot over the last couple of years. It almost seems like getting the oil/gas out of the ground is the last thing the BOD are thinking about and more important are the business deals and financial games... I know that's the important thing now but I too am hugely frustrated and have considered selling after the recent potential massive dilution. We can but live in hope!

[hguess16] 22/12/2016 19:35

TI,
I am hoping that when the new Tethys team get their act together with their financing plans,those manipulating the market with these silly trades will be less active !.
You simply cannot close them down totally !.
More importantly, we need some really confidence boosting news in the near future !.

[temporarily insane] 22/12/2016 17:41

So fellow investors.

Can anybody make sense on what the hell is going on over on TSX?







People say its not being controlled but why every time do we see TD Securities (007) manipulating the price when they sell and buy to themselves..?

[temporarily insane] 22/12/2016 12:35

Come on Mr Bill Wells, you have got your cheap stock now, lets get on with creating shareholder value for everybody else now.

Maybe Bill and Ken can do a bit of an advertising spree promoting the benefits of Tethys to the Institutions now that the share price has hit rock bottom.

[dorset64] 22/12/2016 11:22

Thanks Ben, a strange one indeed.

[benandemmiboo] 22/12/2016 09:28

A feature translated as "Mission Rescue Tethys" was on Russian ABC TV apparently ( Mentions the following (Mr. Megdat Kumar is the owner and director located in Kazakhstan LLP «Petro Impex Trade», whose main activity consists in the marketing of crude oil and oil products, as well as in oil refining) and mostly recaps its dramas over the past year. Offers nothing new, perhaps, but interesting it was on tv. Stock still never seems to get traded over the KASE exchange.

[casual47] 22/12/2016 09:17

Anyone planning on going to the EGM?

In.....Atlanta, Georgia, USA?

You can't say they are not trying to engage with their shareholders....

[temporarily insane] 21/12/2016 21:41

If Tethys sorts out the above, lets have a guess on the share price eh.

Looks as though the new BOD are getting serious.

[hguess16] 21/12/2016 18:14

Tethys Contractual Commitments as per the Q3 Report:

The company's major commitments for the next 3 years provides a reality check on the serious financial situation it faces and what hurdles the New Team with PAM and the Kumare have to contend with.

$m
Borrowings 36.9
KAZ work Programme 41.7
Trade & Other payables 18.2

Tethys has to produce enough oil and gas during the 3 year period to cover these major commitments.
The Kumars and PAM must have been fully aware of the level of these commitments in agreeing to work together to hopefully resolve this major problem,

[hguess16] 21/12/2016 11:14

If PAM/ALR were to convert their total debt of $5.8m and the Kumars were to convert their warrants, the shareholdings of the major players would be as follows:


Shares %
m

PAM 274.2 31.0
Kumars 274.2 31.0
Olisol 63.0 7.1
Others 273.0 30.9

884.4 100.0
PAM and the Kumars would have majority control and take full responsibility !

[yasx] 21/12/2016 11:07

So, the obvious appears to be happening - d4e and plenty more of it to come. Minority holders to be diluted into oblivion.

[casual47] 21/12/2016 11:01

Percentage wise he owns about the same as before, of course. Net he/ALR only added another $300k or so, and that was money from a loan, not new money. TPL in its current state is unable to repay that loan so they had no choice but to renegotiate the terms the way they did as they would have risked losing the whole thing. My bet is that they wouldn't have converted the 20m if Olisol's holding wasn't so close to theirs. That they put a lower conversion price on the remaining ALR loans does not guarantee that TPL will not have to pay all of it back.

It's the season of merriness and cheer so I shan't lumber the point further, except to say that the only thing that would definitely lift my spirits would be the BOD putting forward a concrete viable plan to get the company out of the current mess.

I remain hopeful, and following yesterday's news I am even allowing myself to hope for a cheeky profit (!)

[dorset64] 21/12/2016 10:26

Additionally how often do we read of shareholders on these boards bemoaning their BoD's for not actually putting their money where their mouths are, and owning a sizeable stake in their own company.

Now what we have is the BoD's owning a huge amount of the Co. so their interests are aligned to ours, in that by investing all their monies, how do they make a profit. Simple, either by the share price jumping multiples of where it is today, or by paying dividends. Dividends are a long long long way off so the only way they can make a profit is for either the share price to rise, or be bought out higher than their averages.

The share price is where it is today, so you have the chance to do exactly the same as the BoD's by buying more shares & averaging down, or just sit with the shares you have & at the average you currently have.

The fact that Bill Wells owns the amount he does gives me more optimism that before.

[hguess16] 21/12/2016 10:17

Casual,
If you know of anyone big enough to step in and either provide a medium term loan or take a stake of equity at your "comfortable" share price, do get in touch with the BOD as they would be pleased to hear from you.
Your views on what the BOD should do does not reflect the reality of where Tethys is at at present !.
You are asking the PAM/ALR to invest more in Tethys when they have already committed
significant capital into the business just to satisfy your personal wish list.
PAM/ALR and the Kumars are now equally committed with their equity stakes, They have now to convince a local KAZ bank or someone else to provide a medium term loan to fund the business by providing some form of corporate guarantee.
In addition, the BOD have to prove to a potential lender that it is a viable business.
If they fail to do this, Tethys will not survive !.

[casual47] 21/12/2016 09:58

D64 - for my own personal holding yesterday's news is a step forward and is derisking things somewhat. I am half expecting that the Kumars and Pope convert all their warrants/loans shortly after the egm which would further derisk things and boost my own holding. So from a selfish point of view it is good news for me.

The emergency measure is dodgy though and I'm not comfortable with the BOD doing things like that. I am also not so comfortable with the shares in issue potentially booming to circa 900m without having actual capex investment to show for it - the funds that exercising the Kumar warrants would bring are a drop in the ocean and ALR converting the loan, while it reduces the debt by a fraction, it doesn't actually inject any new funds, so a drop in the ocean there too.

And mainly: we still don't know what actually the Kumars can do for us.

[dorset64] 21/12/2016 09:40

Casual, I am certain when I ask Bill Wells what the emergency was that produced this last RNS, he will state 'it was a financial call on the Co., and with nowhere else to get immediate funds this was the only way of securing it pdq', or words to that effect.

It does make me laugh when you have a poster come on here and try to accuse posters of being 'serial rappers' especially given it was those same posters who put their weight behind the removal of a previous BoD's.

I think casual that you do make some fair points, and ones that I share in some respect, but guess it comes down to where you see the company right now. I can't see anyone rushing in wanting to heap $zillions into TPL and thus, we live by the sword there is.

As with every RNS, you also have to try to understand what wasn't in the wording.

[seroserio] 21/12/2016 09:16

casual47
20 Dec '16 - 14:57 - 12879 of 12901 0 1
My summary: The company seems to be on a path to survival. The dilutions will make sure that any rise in share price will be very limited and where once us PIs dreamed of 20p+ we should now put our "multibag" hopes more around 5p
But at least there is hope. Pitty for those with averages of 5p+ as they will probably now never get their money back.

Sensible investors with averages much higher up realised that years ago, took the hit, and presumably recouped something elsewhere (eg miners over the last year).

casual47
21 Dec '16 - 02:07 - 12900 of 12901 1 1
Are the posters who have a continued pronounced positive take on practically every move by the Board also somewhat tiresome to you?

That has also been going on for several years with serial rampers,(coming and going), villifying anyone with a negative view.

The share price says it all.

[hguess16] 21/12/2016 08:47

Casual, Just as much as you go on and on about what should have been done, the
other PI's,who are more realistic are trying to be optimistic about what the new team is doing in trying to bring life back into a company that is " struggling to recover
from a " quad bypass " !.
The threat " we suspending the BOD" is mindless. Who is this "we" ?.
It does not include me and other PI's who are more aware of the serious financial condition Tethys is in.
Enough about what should have been done in the past !.
Give the new BOD the time and space to get its act together and bring the patient back to recovery mode !.
I expect a statement outlining a business plan that would help Tethys to commence its drilling operations in KAZ and selling its products in 2017.

[casual47] 21/12/2016 02:07

Maybe we should suspend the board until this has all played out? For now making assumptions and asking questions is all we can do as the BOD hasn't given us anything concrete to work with.

Are the posters who have a continued pronounced positive take on practically every move by the Board also somewhat tiresome to you?

I would hope someone considering investing in a share like this would rely on RNS releases rather than opinions of individual posters. That said, given the dire straits this company is in perhaps it is in fact useful for potential investors to see alternative views that may give them pause for thought? I refer to my earlier post, regarding this:

"Let's see if the BOD will put more meat on the bones of the Kumars deal as an injection of a mere $1.4 million in total and vague talk of "in-country influence" isn't exactly a solid business case to warrant new PIs or IIs to start buying shares on the open market, which is what we could do with, really."

[casual47] 20/12/2016 23:59

There is a hint of the bod changing their mind as they go along, which is a little worrying.

E.g
1. they doubled the warrants given to the Kumars from what was first announced only a couple weeks earlier.

2. They first decided to let shareholders vote for converting a tiny chunk of ALR debt into 12m shares, today they announced because there is now apparently an emergency which couldn't wait for the EGM in 30 odd days that they found a technical loophole to issue 20m shares as prepayment shares without needing shareholder approval.

[casual47] 20/12/2016 23:39

D64 - I am personally encouraged by today's news. But then my share price average is low enough to have a chance to come out of this unscathed.

Nevertheless, the emergency measure they took to push through printing 20m extra shares for ALR is highly suspicious and I don't believe it was an emergency at all.

I guess they didn't want to have to rely on PI support. Which they could easily have got by releasing some more info of how they plan to get the company out of this mire.

I guess now they don't have to?