Tethys Share Discussion Threads

[hguess16] 14/6/2017 21:53

Nostrum Deal
Some background perspective on Pope's unwillingness to support the Nostrum deal. There
were numerous conditions attached to the closing of the Nostrum deal which Wells thought Tethys would not likely be able to fulfill. Nostrum would have had Tethys KZ as collateral for the loan if the equity deal did not go through at the end of the due diligence period. Olisol came in with an equity proposal which was less conditional and did not have the same conflicts as the Nostrum deal.

[temporarily insane] 14/6/2017 15:43

Standard..............





Why is it always TDSecurities selling to themselves?????

[temporarily insane] 14/6/2017 10:55

Casual47, why do you not get in touch with Bill Wells directly and ask him the question and maybe delete your two questions from this ADVFN BB as we do know that Olisols random contributors read this BB and we dont want to be giving ideas...........

Just a thought

[casual47] 14/6/2017 10:31

D64 - if this is an elaborate propaganda effort it seems silly. They can put all the propaganda in a market release as they have already done so.

You can hold up to 25 million shares to remain below the 5% threshold. They wouldn't have to work too hard to find a few co-conspirators to exceed Pope+Kumar's holding.

Any views on Olisol possibly buying the 7.5million AGR loan for pennies in the pound and using it as a stick to beat TPL with?

(A scenario that happened in my other disastrous holding African Minerals)

[dorset64] 14/6/2017 10:23

I am thinking that this is Olisols attempt to get shareholders on side and in doing so, the circular should outline their case perfectly and include all of the accusations of wrongdoings by TPL management.

In turn TPL will/should offer an explanation if the above is correct and ultimately, us shareholders who have been kept in the dark should hopefully start to find out what exactly is going on.

I am thinking Olisol have tried everything, both 'legal' and on the ground in Kaz and have so far failed in their attempt to take control of TPL, so now they have little choice but to again change their tact and to get shareholders on their side so they too then start to put pressure on the BoD's to change.

The next few weeks should go some way to answer a few lingering questions on both sides as well as give us all a clue as to which direction our company is heading.

[benandemmiboo] 14/6/2017 10:20

Am always like 10 posts behind whenever I write my piffle. Y'all write fast. Anyway, going for a run, and hoping the market reacts okay to the press release. If not, hope there's drill info on the way. If Tethys mgmt wants as few shareholders as possible to be around on June 28, best case scenario is that our PPS quadruples in the next few days, making it hard for anyone not to take profits.

[benandemmiboo] 14/6/2017 10:15

Hope the market views things as you do, Dorset. I liked your latest assessment of the press release. I think Olisol is trying to be viewed as the "good guy who got wronged" now -- a hard thing to do after they did try to bring the company to its knees last October/November. Anyway, I am starting to think Olisol will put in its circular a more thorough detailing of the accusations made against the Tethys subsidiary, as well as what happened after Olisol brought their accusations to light. (IE Are the accused still with the subsidiary? Did they get replaced?) Olisol has information most likely that is at least stuff no shareholder should want to hear as having happened. The Taj subsidiary was/is apparently corrupt. If the KAZ subsidiary also was, then wouldn't shareholders (of which Olisol also are) want those issues to be rectified? I personally don't like all these subsidiaries of the company; whatever protections (re: lawsuits, etc) it offers the company is seemingly offset by the subsidiaries apparently working without much oversight from their parent company...

[hguess16] 14/6/2017 10:09

Casual,
IMO, Olisol who tried to steal Tethys from all of us, is now mistakenly betting on a favourable vote for themselves at the EGM in order to remove the present team at Tethys.
Let's see how the "others", who have over 265m shares ( >50%) cast their vote at the EGM.

[hguess16] 14/6/2017 09:50

Ben,
Olisol promised $50m ( which kept on shrinking ) and with the existing relationship with Tethys managed to convince Bell and PAM that they had the resources to outbid Nostrum.
Nostrum's terms of the offer incl a full acquisition incl preferential creditor status which would have left PAM with a significant loss and no future control of Tethys.

[casual47] 14/6/2017 09:50

I, for one, think there may yet be a few surprises ahead of us.

I wouldn't assume Olisol dead and buried yet.

The dark horse that is OPC, which Olisol decided to credit with two directors, is an interesting development.

[dorset64] 14/6/2017 09:47

Ben, as things have turned out I would say you are most likely right in that any Nostrum deal would had been better than any Olisol deal but I guess, from our point of view thats hindsight.

Oh for a Nostrum deal at those previous prices right now lol

[hguess16] 14/6/2017 09:44

Dorset,
How can Tethys even conceive doing any sort of deal with Olisol based on what Olisol
has done to steal the company from its legitimate shareholders ?.
I have no doubt that Olisol is just about to step into a landmine by requesting an EGM
and remove the current directors,

[benandemmiboo] 14/6/2017 09:43

hguess1842, as you very well know, Bell was forced into the Olisol deal by POPE's refusal of the Nostrum deal. Wells immediately was elected to the board with consummation of the Olisol deal, and Bell was removed from his job at their first opportunity to remove him. People can read the press releases at the time Olisol counter-offered Nostrum's deal, and it's very obvious -- to Olisol and to readers of those press releases -- that Bell seemed to pay little attention to Olisol even though their offer was then greater than Nostrum's. In retrospect, Bell has come off looking pretty good to me, and gave us enough hints through his rather upfront irritation by Olisol that POPE's rejection of the Nostrum deal was a colossal mistake.

[chestnuts] 14/6/2017 08:36

Could it be this is the last chance that OILsol will get to saving there own company as with out TPL oil they dont have a company, also could it have been oilsol stopping TPL from getting market price for TPL oil, and could they have been selling the oil at full price else where. All these questions and no answers.

[hguess16] 14/6/2017 06:07

Casual
This Olisol effort in order to turn the clock back raises the key question about the relationship between the Robson party and Olisol.
Robson and Olisol appear to have had arrangements that virtually cemented a deal, whereby Robson was responsible for exploration/expansion, while Olisol took charge of distribution/marketing and pricing.
The large initial investors were expected to fund the grandiose exploration and expansion plans of Robson and the extravagant lifestyle and pay packets of him and his team, while Olisol creamed off the output from the KAZ wells via its monopolistic pricing and distribution mechanisms, in the form of EGG and the local Olisol Mafia.
When Olisol managed to convince Bell and Co to accept their $50m "shrinking pup" and acquire a large stake in Tethys, Abramov felt it was "game, set and match".
What they failed to realise was that PAM would step in, albeit late, and stop Olisol from stealing Tethys from its shareholders.

[casual47] 14/6/2017 00:18

Ben, dunno, maybe it got appealed or some such.

The thing that has Tethys' bank accounts frozen is the other dispute, with EGG. That's the one that prompted Olisol to send that warning letter to all oil companies to not buy oil from TPL as they claim exclusive rights. This is the one that matters.

[benandemmiboo] 14/6/2017 00:12

Wasn't that case then thrown out last Fall (2016) for lack of evidence? In the press release, it read as if this was recent news given to Tethys.

[casual47] 14/6/2017 00:11

It seems odd for Olisol to nominate two directors from the same company....OPC....a company that did business with Dr Robson/Tethys before Pope kicked out Dr Robson and the old BOD

[casual47] 14/6/2017 00:07

Ben, the Kaz proceedings update is a red herring. That was just the criminal case Abramov brought.

The one that could matter is the one that is still unresolved and has got the bank accounts frozen (dispute with EGG)

[casual47] 14/6/2017 00:04

It would seem very foolhardy of Olisol to arrange an EGM on nothing but a hope and a prayer, knowing that Pope+Kumars have nearly three times the shares they do....

[benandemmiboo] 14/6/2017 00:03

The update on KAZ proceedings should get its own press release. It would help the share price.

As for the board members proposed by Olisol, I did think they were interesting. They had tried to get the Russian on the board last May 2016; the rest were new names to me, but seemed competent. Inviting POPE to elect someone else to the board seemed an interesting move too.

Imagine the extraordinary meeting might get cancelled, but if there's a chance it gets Olisol to be a buyer on the open market in the next few weeks, it could be really good for the share price. I hope so.

[casual47] 14/6/2017 00:00

I presume Bill Roberts is this guy:

[casual47] 13/6/2017 23:53

How about this scenario:

Olisol bought AGR's 7.5 million USD loan (possibly at a fraction of the face value) and will use it to sabotage TPL even further?