Tethys Share Discussion Threads

[casual47] 21/6/2017 13:52

I also wonder if the reason Kumar #2 never became a director has something to do with Mr. Yessenov stepping in. Perhaps there was something preventing Kumar#2 taking up the directorship.

It seemed clear enough that it was the solid intention that both Kumars #1 and #2 would be directors last January.

[casual47] 21/6/2017 13:49

I wonder if Mr. Yessenov, by buying the shares, is now also bound by the "arms-length relationship agreement" that both Kumars agreed to.

[hguess16] 21/6/2017 08:53

Redstone64,
Yes, Askar Yessenov should become a director if he so wishes to do so. It will be interesting as Medgat Kumar is already on on the BOD. That makes two of the directors
who are KAZ based. I wonder what Olisol makes of this move !.
I am hoping that the AGM will make a ref to this transfer of ownership !.

[redstone64] 21/6/2017 08:38

Hguess16, so the question will be if he may take up a board position as I think he bought his share from the Kumar that did not? It will be interesting to see if the company responds with more information or if something comes out at the AGM.

[hguess16] 21/6/2017 08:07

TI,
By Mon next, after the AGM and the transfer of the UK register to Canadian Trust Co,
the TSX should hopefully reflect a more realistic view of investor interest in Tethys.

I have been searching the web about Askar Yessenov, but only find that he could/might be part of the KAZ Yessenov family involved in diversified businesses inc Phosphates etc and also the Yessenov foundation. He could turn out to be a useful asset to Tethys
in KAZ, but who knows !!.

[temporarily insane] 20/6/2017 22:21

This has to be the most manipulated share chart on the TSX..........Its a kin YEAR OF SHAMBLES. When will the board stand up and sort out this bollxx?

[reidy66] 20/6/2017 12:58

casual ... im still waiting for certs from barc also and been told thay havent been actioned yet

has any had any luck finding a new stockbroker who will deal these certs so they can b transferred into a new dealing acc who incoprate the TSX

pj

[temporarily insane] 20/6/2017 11:46

Cheers hguess16, I do post some good snippets in between my manic moaning of what we have all been forced to endure. ;-)


Well thats me voted. They said it was a bit tight but shouldnt be a problem considering the AGM is on the 23rd. Might as well do some good with the amount I have.

[hguess16] 20/6/2017 09:28

TI,
Thanks for that Info.
Seems interesting that the transfer took place yesterday, one day prior to the proxy vote deadline !.

[hguess16] 20/6/2017 07:42

Neily,
I think Prax Pte is owned by Winston Sanjeev Kumar. It could be a private deal transfer of ownership from him to Askar Yessenov !.

[neilyb675] 20/6/2017 06:54

From Prax PTE Ltd....remind me who that is ?

[casual47] 17/6/2017 11:56

Not voting this time. Not worth it for the pittance I now hold and I haven't even got a clue how I could vote as I didn't get any instructions and my shares haven't yet been certificated so they are in limbo anyway.

[temporarily insane] 17/6/2017 11:13

Hey casual47, who are you voting for?

[casual47] 16/6/2017 15:37

It's not the same as it seeks to remove and replace. It is also 100% conforming to the letter of the law / articles of the company.

Time to let it go, hguess.

[hguess16] 16/6/2017 15:27

Dorset,
The reason for calling an EGM is an exceptional event and its agenda items incl the resolutions should not be a repetition of the identical ones that are included in a preceding AGM which occurs shortly before.
The EGM resolutions 1.1 - 1.3 relating to the appointment of directors are identical to resolutions 2.1 -2.3 of the AGM.
My contention is that, if at the AGM,on 23 June, the directors are voted in with a simple majority, the whole purpose of having an EGM is irrelevant and wasteful.

If, however, the same directors do not obtain the simple majority required at the AGM on 23 June, then it is "game over" for them, PAM and the PI's ( who have supported them), as Tethys will be looking into the abyss, with Olisol in charge !.

[casual47] 16/6/2017 14:14

Looking at the director nominations i have a suspicion Olisol is no longer alone in this fight. Maybe they never were.

From what I've read in private messages (may or may not be trustworthy) the delisting has upset some investors with sizeable holdings and a concerted effort to fight it may be underway.

I'm down to 250k shares so just looking in nowadays...

[dorset64] 16/6/2017 13:26

hguess, TPL have to honour Olisol their EGM as they have now correctly issued the Co. an EGM request, they have paid the monies required for an EGM and in turn, they hold enough shares & % shareholding in Tethys for them to call one. This is an EGM and has nothing whatsoever to do with the AGM, irrespective of the AGM's resolutions.

My thought process is that Olisol have now realised that they cannot bully Tethys BoD's into submission or by the court & legal routes, so they are now on a shareholder friendly offensive.

It is my thoughts that they are now seeking to gain as much shareholder 'power' as they can achieve and will use the EGM as a way of washing all of TPL's dirty washing in public and, therefore, then let shareholders know how their new board member would 'rescue' the company from certain death and make us all millionaires.

This latest path is imo Olisols last chance saloon as without Tethys, they themselves have no business whatsoever so will themselves lose everything.

[benandemmiboo] 16/6/2017 13:14

TI, not sure how you even came to that conclusion. Saying I wish Wells was not chairman is not the same as saying i wish Abramov was the chairman.
And if POPE was vehemently against dilution, Wells and they wouldn't have diluted us so much in December; they would have agreed to an extension of their loan. POPE has taken companies it has invested in to court, and they would have taken TETHYS to court if the December stuff hadn't been approved, and I simply don't enjoy how intimately conencted this company is now with this hedge fund. And it's hard to say they've helped the share price, isn't it?

[temporarily insane] 16/6/2017 12:30

casual47....I think we all have better things to be doing than watching our investment dwindle to near to nothing.

Looking forward to Bill guiding the good ship Tethys to calmer waters without pirates.

[temporarily insane] 16/6/2017 12:27

benademmiboo, would you prefer to have Olisol steal the company from you? You will end up with nothing!

[casual47] 16/6/2017 12:04

I think TPL BOD could have just about managed to fit the requisition into the AGM but either they took longer reviewing with legal or decided it was best to drag it out so it could be postponed.

As far as I recall Olisol submitted their requisition with the required notice in time for the AGM.

Ben, I don't think anyone will disagree re. Chairman. But in the current turmoil it's understandable and hopefully he steps aside once the ship has straightened. I'm guessing he has better things to do than babysit TPL......