Tethys Share Discussion Threads

[redstone64] 27/6/2017 07:36

hguess16, thanks for chasing re the share register transfer. You couldn't make these things up now, surely Capita would be able to make sure they have all the share allocations in their file? At least It appears Clive is monitoring them and checking the totals match up - we wouldn't want any of our shares being lost in the post...

[redstone64] 27/6/2017 07:21

Dorset64, indeed judging by the last RNS, Olisol appear not to be capable of basic administration and it doesn't surprise me given their record of no shows at court and cases dismissed for incorrect filing as previously reported.I was actually expecting that they were only going to use the EGM as a means of issuing more inappropriate statements about the company and then perhaps not even turn up at the vote itself given they have not shown they have support.Let's hope we get a decision from the Canadian courts on damages soon and we can move on. The uncertainty is no doubt holding back any new shareholders taking an interest or anyone looking to top up. It is also not helping any of our nerves, especially TI's!

[hguess16] 26/6/2017 21:41

Re the transfer pf the UK Register.
I am waiting for a response from Clive Oliver.
The initial response was that Capita, the UK Registrar, had sent an incomplete copy of the file to the Canadian Trust Registry on Friday.
It may take some time to sort this out.

Clive Oliver has agreed to co-ordinate and advise asap.

[hguess16] 25/6/2017 18:34

Wrighty,
I doubt all UK brokers will refuse to help once the UK register is transferred.
Computershare operates as a global registrar which incl UK and Canada. It is also a broker dealing in stocks and shares. Clive is also aware of this alternative.
I am with TD Direct and they told me that they are waiting for the transfer to take place.
Let's see how it all pans out on Mon/Tues and then we can hopefully sort things out.

[wrighty46] 25/6/2017 17:40

Clive has said once transfer takes place he will approach a number of brokers to try and assist us with placing our shares. No brokers seem interested but hopefully if there are enough of us in the same boat they may consider it if it becomes worthwhile to them.

[temporarily insane] 25/6/2017 14:42

Thank you.

[hguess16] 25/6/2017 13:38

Clive Oliver mentioned Mon 26 June as the date of transfer of the register.
I hope the " unhelpful UK Brokers " will be able to act on this.
In any case, I am going to ask Clive to help !.

[temporarily insane] 25/6/2017 12:45

hguess16, do you know what date the transfer takes place on.

[hguess16] 25/6/2017 12:10

Wait till the transfer of the register takes place next week and then let's ask Clive
Oliver of TPL to sort this mess out once and for all.
I will get in touch with Clive myself.

[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.....