Tethys Share Discussion Threads

[neilyb675] 25/6/2017 10:43

1399Peter

Were you advised that the transfer has been cancelled ?

To me that seems to indicate that HL want no further part in the matter, and I need to find an alternative. I'm none to pleased as you can imagine.

[mount teide] 25/6/2017 10:21

Further to the the posts concerning a friends shareholding held in an online account with Interactive Investor(II).

You will recall he was not advised by II, that TPL were delisting from London, only finding out 24hrs before the last day of trading from an alternative source.

After raising a complaint with II, following 8 weeks of deliberation, II advised his complaint has not been upheld.

II believe they have NO case to answer on the grounds they offer an 'Execution Only' service.

However, they advise they will in fact be changing their operating terms and conditions to include responsibility for providing Delisting Notifications etc in future!

They also advise they will take NO responsibility for his TPL sell transactions on the last day, that got subsequently reversed out many weeks later by CREST due to non payment of Capita's fees by TPL. Which nearly a month later, without any notification from II, saw his II account debited accordingly, along with ownership again of the dreaded TPL shares.

With both matters now being investigated by the Financial Ombudsman as a result of a formal complaint, it does make you wonder what responsibility II consider they have, if any, with respect to providing online trading/sipp/isa investment accounts to trade equities/funds etc.

[chestnuts] 24/6/2017 11:01

O/T

TI dont you think its about time you removed your first name after all TPL is enough to send any one over the edge.

[temporarily insane] 24/6/2017 10:30

So whats the next thing we have to vote on?

[casual47] 24/6/2017 08:58

Hguess, no bitterness at all. But I am realistic. You seem hellbent on putting a top spin on everything.

Do you still believe an AGM where nearly 90% of the vote came from Pope and the Kumars shares is a vote of confidence in the BOD?

[hguess16] 24/6/2017 07:27

Casual,
Your bitterness at making the wrong call is clear !.
Sour Grapes or is it Grapes of Wrath !.
Take your pick !.

[casual47] 24/6/2017 06:53

And let's not forget, the only reason the BOD have so many shares they can use to vote for themselves is because they heavily diluted us.

Or did you forget the Kumars got nearly 20% of the company for a pathetic 1.4 million dollars?

And did you forget the sudden "emergency loan prepay" that Pope demanded last minute before January's EGM which, quelle surprise, somehow had them increase their holding by 20 odd million and magically match the total Kumars figure (87.9 million shares)?

Vote of confidence indeed.....

[casual47] 24/6/2017 06:45

The BOD basically voted for the BOD.

The "vote of confidence" as you put it is just a measly 25 million votes on top of that, less than 5%.

That's some confidence.....

Have you considered a job as spin doctor?

[casual47] 24/6/2017 06:36

Hguess, the percentage is based on the votes present/proxy, not the total number of issued shares.

The votes for are just Pope (87.9million) and both Kumar votes (87.9million) plus another 25 million votes (representing less than 5% of total shares).

There are more than 300 million shares which did not turn in a vote. (More than 60% of the shares in issue)

Theoretically it is possible that 200 million of those can still go against the BOD at the EGM, should Olisol somehow have managed to strike an alliance with other investors. In that case the BOD would be outvoted. All Olisol need to do is find another 5 or 6 investors holding each less than the 5% threshold for holdings notifications. If you put it like that it doesn't sound completely impossible....

It's highly unlikely, but it is possible.

I'm just stating simple maths....nothing "way off the mark"

[hguess16] 24/6/2017 05:26

Vote for Directors at the AGM !
It is interesting to note that William Wells obtained the highest
vote ( 99.98%)followed closely by Medgat Kumar ( 99.97%).
That provides a fair indication of the confidence in, and support for the new team
So " Casual", your comments are way off the mark as usual !.

Morning Star " How about the Kumars investment in Tethys ?."

Is it possible that Olisol abstained because Askar Yessenov has entered the Tethys
arena ?. Pure speculation ?.

[temporarily insane] 23/6/2017 23:41

Today...At least its taken Morningstar 6 months to catch up...;-)

[temporarily insane] 23/6/2017 23:27

Hey casual47 Im assuming you understand that Olisol are trying to steal Tethys from its shareholders.

[casual47] 23/6/2017 23:14

If I was Olisol and let's say I managed to make a deal with a number of other high value investors to oust the BOD then I would do it at the EGM, as then immediately a friendly BOD would be voted in.

Just a scenario.

It could be of course that Olisol just want to make a fool of themselves on their own special day. That's possible also.

[temporarily insane] 23/6/2017 23:10

TETHYS PETROLEUM LIMITED

REPORT ON VOTING RESULTS

ANNUAL GENERAL MEETING OF SHAREHOLDERS HELD ON JUNE 23, 2017

Section 11.3 of National Instrument 51‐102 – Continuous Disclosure Obligations
The following sets out a description of each matter submitted to a vote at the annual general meeting of
shareholders of Tethys Petroleum Limited (the “Company”;) held on June 23, 2017, and the outcome.

1. Receipt of Financial Statements and Auditors Report The shareholders received and considered
the financial statements of the Company for the year ended December 31, 2016 and the report of
the auditors thereon. This was a non-voting resolution.

2. Election of Directors
The shareholders of the Company voted to elect the following individuals as directors of
the Company until the next annual meeting of shareholders or until their successors are
elected or appointed, as follows:
Name For % For Against % Against
William P. Wells 198,827,321 99.98% 45,800 0.02%
Medgat Kumar 198,817,321 99.97% 55,800 0.03%
Adeola Ogunsemi 198,656,321 99.89% 216,800 0.11%
Mattias Sjoborg 198,656,321 99.89% 216,800 0.11%

3. Appointment of Auditors
The shareholders of the Company voted to appoint PricewaterhouseCoopers LLP as
auditors of the Company and to authorize the directors to fix their remuneration, as
follows:

For % For Withheld % Withheld
199,000,998 100.00% 6,263 0.00%
Dated this 23rd day of June, 2017


NOW GET ON AND CREATE SOME HUGE SHAREHOLDER VALUE.....................FOR YOUR SHAREHOLDERS..............WE ARE WAITING...........AS ALWAYS!

[temporarily insane] 23/6/2017 22:50

So 199,000,998 shares were used to elect the existing BOD. It better be worth the slow approach.


So who couldnt be bothered to vote apart from the Olisols?

[dorset64] 23/6/2017 22:46

Which is strange dont you think casual as, anyone looking in it gives the impression 99% of all shareholders are behind the board. Surely for them it would make morse sense to show dissent by voting against, no?

[casual47] 23/6/2017 22:10

AGM results. Olisol didn't vote. Looks like they are keeping their powder dry and cards close to the chest for the EGM

[hguess16] 22/6/2017 17:53

As Askar Yessenov bought out Winston Sanjeev Kumar Soosai of Prax Pte, I wonder if he will turn up at the AGM with Medgat Kumar.
It will be interesting to find out who will represent Olisol !.
The number and % voting for/against the election of directors will give us a clear indication of the support for the present team and their performance since they took over in late Nov 2016.

[rhuvaal2] 22/6/2017 17:06

We all agree on something !