Tethys Share Discussion Threads

[neilyb675] 15/4/2017 11:19

Ukip, lol

I see thru Mr Loo. Very transparent.

[1399peter] 14/4/2017 21:09

has this turned into the UKIP thread, WTF.

I don't really mind reading a different perspective on this, Have your say Stephen loo

[stephen loo] 14/4/2017 20:34

Of course my English is not perfect, because it's not my native language. But my opinion is not to go out of LSE. Probably, lot of shareholders do not know the real situation as me. And there is always someone's fault such as - Total, CNPC in Tadzhikistan, AGR or Olisol in Kazakhstan, but not Tethys's management. What do we have then? Only losses. So it means, that there were incorrect actions taken by management.
Ken May is already a pensioner. So how can he adequately rule the Company? About BOD nothing is clear. Who is that man Medgat Kumar? What has he done? What kind of experience does he have?

[casual47] 14/4/2017 19:18

I have been moaning about the BOD and how things have gone but ultimately, after all is said and done, i would much rather take my chances with the BOD and the information issued by a Western publicly listed company than a bunch of midget oligarchs who have been abusing the lawlessness and corruption that's rife in Kazakhstan.

[neilyb675] 14/4/2017 19:15

Stephen loo.....have you considered learning English. I propose that you learn English and then perhaps come back to this forum to post your views in a way that we could possibly understand them. IMO.

[stephen loo] 14/4/2017 19:02

We only know this from the words of Bill, Ken and others. I do not know who these Olisol are. But I want to find out. I've invested a lot of money. For me it's really big money. I know that they invested money, it means there was some kind of strategy they had. We need to figure it out ourselves. Look at the value of the shares. We should not just look from the outside.

[hguess16] 14/4/2017 18:45

Stephen Loo,
Are you representing Olisol ?.
If not:
Are you aware that Olisol are in breach of contract by failing to fulfill
their obligations under the Investment Agreement ?.

Are you aware that Olisol was responsible for the " strong arm " illegal tactics in trying to close down the Tethys business in KAZ ?.

Have you heard about the " shrinking pup " that Olisol introduced to Tethys ?.
Olisol started with an offer of $50m to fund Tethys and was unable to even fulfill its obligations under the IA.

Why not ask Abramov or Skripka about Olisol's attempt to steal Tethys !.
We look forward to the Court proceedings in Alberta !.

[casual47] 14/4/2017 18:17

Nonsense. Olisol is the cause of all this.

[stephen loo] 14/4/2017 17:57

Guys, I started contacting other shareholders. I learn a lot of interesting things. Some of them are dissatisfied with leaving London. Today I also learned that one of the big shareholders is Olisol against leaving London. Tomorrow I'll speak with Representative Olisol. I will also look for outlets on other most significant shareholders. I propose to unite, those who do not agree.

[casual47] 14/4/2017 15:33

Guys, sorry, but you are crying over spilt milk.

I sold half my holding, around 1 million, the morning of delisting news. With hindsight I could have got more for it by waiting and selling few days later. Do i regret that? Yes. Would i do the same again? Absolutely.

With my remaining holding I am happy to keep holding and am happy to move to the Canadian listing.

[1399peter] 14/4/2017 15:02

Bill, did suggest that the LSE listing was in excess of a £100k P.a. in his reply to my email earlier in the week. How much more, I don't know!!

I don't think they are about to change tact on this issue unless they come into some money.

[stephen loo] 14/4/2017 14:04

yguess16 -None of us have seen real savings figures due to leaving the London stock exchange. I think that this can only be in the interests of Bill and Ken. After all, they are Americans. Canada - closer! I'm interested in the development of the company. I will try to talk to other investors.

[stephen loo] 14/4/2017 14:00

1399Peter - Absolutely agree with you!

[stephen loo] 14/4/2017 13:58

I agree that activity in Toronto is low. Because of this, anxiety. There was a decision to leave the Toronto exchange if I understood correctly. Then it was the right decision. Toronto has little business activity compared to London.

[1399peter] 14/4/2017 13:54

hguess

I do find it a bit ridiculous that Tethys have not told us exactly how much this will save the company. As none of us really have a clue.

[hguess16] 14/4/2017 13:31

1399Peter, Redstone64,
Thanks for your input. I was just testing the appetite of UK investors !.
This was an attempt to continue to maintain a secondary listing on the LSE as some UK investors feel more comfortable trading in a London listed stock exchange.
In 2015 Tethys proposed, in a resolution, to delist from TSX on the grounds of low volumes of trading (21%) compared to the LSE ( 79%). Has this changed in 2016 ?.

It would have been reasonable to expect management to consult investors prior to
the BOD decision to delist from the LSE.
My view is that the BOD may not have realised the consequences of the LSE delisting as it has resulted in a loss in the market value ( £m) of the company and a loss of goodwill among UK shareholders in order to save £100k.

Let's now look ahead to better times for Tethys and its long suffering shareholders !.

[redstone64] 14/4/2017 11:37

Hguess16, while I do see some merit on what you are proposing the costs of setting up would be prohibitive especially as only a handful of PIs may be interested at this point.Given the current state of finances at Tethys with short term funding needed, a sum of £150k a year saving not just in exchange fees but administrative expenses is not insignificant.Perhaps for a group of committed PIs a funded loan might offer better protection of current investment for the future if this offered some warrants or some other preferential rights. Now that might be of interest but in general rather than to reverse the de-listing decision.

[stephen loo] 14/4/2017 11:28

My analysts did calculations on the London and Canada Stock Exchange. This is almost the same amount. If you provide your e-mails, I will be able to send you this information. I think that we need to BE ACTIVE. Because we are silent, anything can happen.

[stephen loo] 14/4/2017 11:24

I bought shares of Tethys long ago through the Canadian broker ScotiaBank. And all the attempts of management have already achieved no success. They did not agree with any of the investors. Neither with AGR, nor with other investors. I believe that we all need to declare ourselves and our interests. We need to understand what is happening in the company. Despite the fact that I live in Canada, I had some certainty that the London Exchange's activity would be useful for Tethys. Even there are Bill, Kumar, Olisol have enough shares, then we minority shareholders should ask them questions - where they lead the company. I'm ready to invest some more money, but I do not have TRUST.

[1399peter] 14/4/2017 10:52

hguess

Sorry I just can't get behind such an idea of bailing out a multimillion pound company and it's backers who probably drive cars worth more than what you are proposing to raise.

As much as I dislike having to move my trading account. I don't think my sense of disappointment with this will be helped any by piling more of my money into them.

Edit: Tethys should really tell us what the costs are with the LSE listing.

[hguess16] 14/4/2017 08:23

1399Peter,
Tethys is a secondary listing on the LSE and the main listing is on TSX.
Tethys is still listed on the LSE.
So there is no admission fee.

I have just looked at the LSE Website and saw the following info for Annual Fees-UK and international companies.

MINIMUM FEE £ INCREMENT PER £M MAX FEE
a b c
7000 28 75,000 (for existing issuers)

[northwestwirral] 14/4/2017 08:04

ratfan - 14622

hxxp://www.hl.co.uk/help#dealing/share-dealing/investing-in-shares/on-which-markets-can-i-buy-shares

On which markets can I buy shares?
Through Hargreaves Lansdown you can deal thousands of UK, American, Canadian and European shares.

North American markets
Canadian Venture Exchange
Toronto Stock Exchange

Never noticed this on the HL site.
I talked to HL on the phone and they stated that they are waiting for de-listing details from Tethys before confirming their proposals.

[hguess16] 14/4/2017 07:48

1399Peter,
This is a one off to Tethys and and an offer to help out with a max of £150k for 10m shares in return !.
We cannot be expected as PI's to go any further.
It also provides an assurance that we are risking more money to prop up the company
until it gets back on its feet !.

[1399peter] 13/4/2017 22:40

PDF Obtaining a London Listing - AIM vs Main Market

Obtaining a London Listing ... The main market is the London Stock Exchange's principal market for listed companies from the UK ... Cost of listing Minimum: £ ...


withersworldwide.com/news-publications/obtaining-a-london-list...
More results

Ongoing costs Higher fees for sponsors, auditors,
lawyers and non-executive directors
in view of greater continuing
obligations. Typical cost of
maintaining listing is £300,000 -
£400,000 p.a.


.Lower fees for nomads, auditors,
lawyers and non-executive
directors in view of lesser
continuing obligations. Typical
cost of maintaining listing is
£150,000 - £250,000 p.a.

I would assume we are somewhere between £200-£300k p.a..

I'm not sure having a whip-round sets a good precedent to be honest. What about next year & the year after lol.