Tethys Share Discussion Threads

[temporarily insane] 10/1/2017 16:17

hguess16, it would be nice if ALL these RNS's made a difference to the share price for the private investor.

[hguess16] 10/1/2017 14:46

Casual,
I presume that you have not heard of corporate guarantees provided by major investors
such as the Kumars' and PAM who might be willing to do exactly that, in order to keep
Tethys afloat.
There is little point moaning about further dilution when the only investors willing to commit their money or convert their debt to equity are the Kumars's and PAM.
Foresight is a gift avaialable to a few !.
I hope you realise that Tethys would have gone to the wall if the Kumars' and PAM, albeit belatedly, had not stepped in !.

[temporarily insane] 10/1/2017 14:36

I was wondering how long it would be for the Canadians to wake up out of their Christmas slumber and manipulate the share price!


Hey Bill Wells maybe you could investigate WHY a single sell of 5000 at .02 CAD equates to a drop of 20%.

[temporarily insane] 10/1/2017 13:54

Somebody should write a film about all of this.

[temporarily insane] 10/1/2017 13:54

Still nothing.

[temporarily insane] 10/1/2017 13:33

Thank you benandemmiboo.

I have not received mine yet.

[temporarily insane] 10/1/2017 13:26

I am guessing here but Popes average has got to be at least 15-20pence.

[temporarily insane] 10/1/2017 13:23

Casual47, so I guess that you have decided to vote YES and stick this one out as we all have too if we want any return.

We have been bullied into this situation.

[casual47] 10/1/2017 13:21

"This would involve the Kumars' and PAM providing the KAZ bank with assurances incl corporate guarantees and a credible business plan. I understand that Tethys management are actively working to achieve this objective !"

With "understand" I guess you mean you are reading the tea leaves just like the rest of us and have all fingers and toes crossed for this to happen?

There are no guarantees TPL can dig themselves out of this hole by only adding more debt. The more traditional method of equity in exchange for deep dilution is still a very strong possibility -- it would be the more likely option as that is what most other companies have been doing (dilution tends to be a bit of a vicious circle/snowball effect for shares with a similar shareprice curve as TPLs).

If all warrants and all ALR's debt is converted after the EGM then the total issued shares will be nearly 900 million (we were at just over 300 million before Olisol got involved, so this is dilution by nearly a factor of 3, and all it guarantees is immediate short term survival). In such a scenario Pope would own 30% of TPL.

IMO:
Pope isn't interested in being a 30% shareholder, but I do think they are interested in remaining the most influential shareholder until they get some return on their investment or there is a real prospect of having a serious big money partner in the game who wants to take up 50% of TPL in exchange for a huge cash injection. Pope wanting the potential of 30% is, IMO, a buffer anticipating heavy dilution, and again IMO, I am not discounting dilution that will result in a further doubling of shares in issue to 1,800 million and beyond -- rather, I am already braced for it. I think all PIs should be braced for it. For every listed company that can bootstrap themselves up via debt there are hundreds who have to do it via dilution and more dilution and more dilution and...

If they stick with diluting at 3 US cents then that is somewhat reassuring to those PIs with averages for which 3 US cents is acceptable. It will of course make the prospect of getting much more than that any time soon ever diminishingly small.

[hguess16] 10/1/2017 10:31

Thanks Ben.

[benandemmiboo] 10/1/2017 10:06

VIA ELECTRONIC TRANSMISSION
TO ALL APPLICABLE EXCHANGES AND COMMISSIONS:
RE: TETHYS PETROLEUM LIMITED
1 Proxy - Registered Shareholders
2 Voting Instruction Form - NOBOs
3 Notice of Meeting and Management Information Circular
4 Proxy Return Envelope
Yours truly,
TSX Trust Company
''Rosa Vieira''
Senior Relationship Manager
[e-mail]
www.tsxtrust.com
January 9, 2017
We are pleased to confirm that copies of the following proxy-related materials were mailed on January 6,
2017 to the registered shareholders and the Non-Objecting Beneficial Owners ("NOBO"):

[hguess16] 10/1/2017 08:46

Cash is the key to Tethys survival !.
It is hoped that the Kumars' and PAM conclude a restructuring of the short term loans and the funding of the drilling of existing proven wells with a reputable KAZ bank in the near term !. This would involve the Kumars' and PAM providing the KAZ bank with
assurances incl corporate guarantees and a credible business plan.
I understand that Tethys management are actively working to achieve this objective !.

[hguess16] 09/1/2017 22:50

TI,
Thanks.
It would be interesting to know how much PAM paid for its original 64m shares.

The conversion of ALR Debt at $ 0.01593 to give 23.9m shares amounts to £300k
If the resolution at the EGM is approved on 27/1, the conversion of ALR debt for 186.3m shares shares at $0.0301 would amount to £3.16m.
If we assume PAM paid, say 20p per share for the original 64m shares, that would amount to £12.8m.
In total PAM could have paid nearly £16.3m for 274m shares

The Kumars in turn would have paid £5,9m for 280m shares, for stepping in when near
disaster struck Tethys with the Olisol debacle !.

It is likely that PAM may have paid more than 20p per share for their original 64m
shares. Hence Bill Wells and PAM are in this for the long haul in order to, at least, recover their investment with the help of the Kumars !.

[temporarily insane] 06/1/2017 13:10

^^^^^It could be worse!

[temporarily insane] 05/1/2017 17:25

In a positive, which is a good thing, once all this has been sorted and the Kumars can start exporting some oil further afield than the local Kaz petrol station then hopefully we can start getting proper oil prices. In fact the amount of time this has all taken we have seen world prices virtually double since its lows and Tethys has done hmmmmm, let me see. There is room for improvement.

[casual47] 05/1/2017 17:18

Bigstar10 hasn't posted anything on that board that wasn't completely idiotic. Either he is an idiot or a ramper.

That whole stockhouse forum makes me worry about our Canadian brethren. It's like a madhouse.

[temporarily insane] 05/1/2017 13:08

Im voting.