Tethys Share Discussion Threads

[wrighty46] 21/7/2017 17:50

Quarterly results next Friday or Monday after, will contain operations review and other updates presumably legal stuff etc. I have asked about production and prices but won't hold my breath. Also have asked if possible it would be good to get some concrete time lines on the many ongoing issues and work programmes going forward. Again watch this space. Don't shoot the messenger. GLA

[benandemmiboo] 21/7/2017 16:41

It's been 2-3 months since Great Wall started work on drilling the gas wells -- which means we might expect results within the next two years (or whatever length of time the law allows them to withhold the information from their shareholders).

[casual47] 21/7/2017 10:56

The non-Kaz directors Olisol proposed were also involved when Robson was at the helm. One of them was even a director of TPL for a while.

[casual47] 21/7/2017 10:50

TI, the answer could be that the shareholders now siding with Olisol are the leftovers from the Robson era, who weren't happy when Pope took over.

Though if that is the case, why didn't they bother voting against Pope on any of the recent EGM/AGM...?

A lot here doesn't make sense. Those replacement directors Olisol proposed for their EGM just add to the intrigue.

Regarding news: There should be news next 10 days. I expect some update on the AGR loan?

[benandemmiboo] 20/7/2017 19:27

I certainly cannot imagine Wells and POPE successfully leading a shareholder revolt again.

[dorset64] 19/7/2017 22:09

Hi Toppix, if you click on the 'arrow' next to my name, you can send me a message that way but for the moment, I would wait to see what they come back with next.

From everyone on here, is it only TD Waterhouse that has transferred peoples shares without any problems, is there another house having done the same?

Casual, from my convo with certain parties tonight, I got the impression that they knew this latest piece was coming but not by whom or how. The thought process is that Olisol is again behind this and are now trying to gain speed for themselves through the press, and they obviously found the weakest link of someone who will put such stuff to print.

The one thing that this latest attempt shows is not only how desperate they are getting as they appear to be running out of options, but that now it appears there is really not that much of a story to tell.

I doubt it will be Olisols last attempt as their attempts to gain support in these type of forums failed, so now they've gone to British print instead.

[redstone64] 19/7/2017 18:19

Casual47, I think your explanation is the most likely as most of the points made are a rehash of previous Olisol communications.

[toppix] 19/7/2017 18:10

Neilyb675 / Dorset64.

I have also experienced the ineptitude of my current broker HSBC and newbie HL.

HL failed to deliver and HSBC missed the deadline - I now have to faff around to locate another provider.

D64 I can send you details if I knew how to PM.

[casual47] 19/7/2017 18:05

D64, the more plausible explanation is that it's Olisol and some UK based investors who have decided to form an alliance with them, for good or bad.

I was told that Olisol has made several trips to London to meet with shareholders.

If I was the source I would like to think I could have made a better job of it...

[dorset64] 19/7/2017 17:49

lol casual I'm certainly not bigging you up as you put it, as if it was you it would had been full of the Cayman loan and when is it due to be paid.

What I'm saying is this piece is a nothing piece, its not journalism, its not uncovering any wrong doings or anything like it, it simply jumps out that he has scripted a piece from info given to him to fill his daily blog.

[che7win] 19/7/2017 17:27

The government is trying to woo Kaz companies as they privatise, perhaps this is a good time for us two become vocal about the crimes committed against shareholders here.

[casual47] 19/7/2017 17:25

D64, my holding wasn't anywhere near as significant enough for me to stick my neck out. Certainly not now I only hold about £2.5K worth.

The extent of my involvement in TPL has been writing emails to Pete and complaining on here.

But feel free to big me up in your mind.

[casual47] 19/7/2017 17:22

The fact that the PIs who held shares listed in UK were also the most vocal had, I'm sure, nothing to do with the decision to delist, or the decision to quickly issue some more "emergency" shares to Pope before the January EGM.

[dorset64] 19/7/2017 17:21

Interesting Casual, almost as if someone had collated the info for him and he wrote an article about it. He is a journalist and don't believe for a second this was done because he is trying to uncover something for the greater good of TPL's shareholders, more likely that a dis-gruntled shareholder sent him a story.

Any one you know casual?

[casual47] 19/7/2017 17:19

Ha, che7win. Good find.

"It is inappropriate to say it is unfair when approved by the other shareholders,”

All I can say to that is..."LOL".

[dorset64] 19/7/2017 17:01

Another response which I'll post in full.....



Dear .....

I have also been surprised by the difficulties shareholders have faced with UK brokers.

The company can’t influence what individual brokers will or won’t agree to do for their clients since the relationship is between the client and the broker and not with the company. However. prior to delisting in London we did check that some of the leading UK brokers offered trading facilities in TSX stocks and so assumed UK shareholders could be catered for by those brokers, see website links below including for Hargreaves Lansdowne, TD Direct and AJ Bell showing they all claim to provide the facility to trade TSX listed shares.

hxxp://www.hl.co.uk/shares/share-dealing/overseas-share-dealing-service
hxxps://www.tddirectinvesting.co.uk/share-dealing/us-and-international/which-markets-can-i-trade-on
hxxps://www.youinvest.co.uk/our-services/international-dealing

It seems when it has come down to it UK shareholders holding Tethys shares have not found it easy to utilise these services . I understand in some cases this is because the brokers don’t want to deal with share certificates.

The company transferred its UK share register from Capita Asset Services to combine it with its existing share register in Canada maintained by TSX Trust Company effective close of business on 23 June, immediately after the AGM. TSX Trust has now loaded the register onto their system. They offer a Direct Registration Service (“DRS”) which is the electronic form of share ownership offered only through transfer agents. I am in the process of getting this set up for Tethys. Once it is set up shareholders will be able to choose to transfer their share certificates into dematerialised form. Hopefully they will then find it easier to trade Tethys shares electronically via a broker, preferably a UK broker but if not then a Canadian one.

I plan to prepare some shareholder guidance about this when I have all the information needed.

[benandemmiboo] 19/7/2017 16:22

546,000 shares bought and sold on TETHF ticker (usually it is completely inactive). Stock has dropped to 1 cents on a 46.1 thousand sale. Perhaps the previous 500,000 was a buy (no clue).

[neilyb675] 19/7/2017 16:22

perhaps if they held the shares they would feel the distress caused.....not a nice feeling

"potentially helpful".....sounds like he / they are sipping a brandy n coke by the pool

[dorset64] 19/7/2017 16:04

A snippet of the first reply.....

'We think we made the right decision in dropping the listing but agree we should have given shareholders more notice. More notice to the shareholders would have been potentially helpful. Some of these problems are beyond our control as it seems the UK brokers have not made the extra effort (and may have defaulted to given clients physical shares)'.......

[dorset64] 19/7/2017 15:00

Received and sent it to both Bill & Ken, will let you know what their replies are ok.

[neilyb675] 19/7/2017 14:36

sent you message Dorset