Tethys Share Discussion Threads

[1399peter] 22/2/2018 17:48

Are we going to see a continuation of these doldrums until Tethys have got some sort of legal ruling to cancel the Olisol shares to offset what they owe in damages as I really can't see Olisol paying anything willingly or even if they are ordered to

[hguess16] 22/2/2018 15:18

TI,
I think Bill Wells is aware of our views on the rather unreasonable decision by the Review Committee.
If the Review Committee had done their homework, they should have realised that the " going concern " rule during the Robson/Olisol era was a sham !.
Here we have a situation where the new team at Tethys, who have turned this ship around during the last 15 months,
are now being penalised for the sins committed by a previous unscrupulous group incl Olisol who lived on " hype and largesse" using investors funds.
I understand that the Review Committee are basing their rationale on the fact
Tethys has a continuing short term debt burden of $30m.
What has not sunk in is the fact that
Olisol failed to meet its obligations under the IA and now that same Olisol has been found out as being unreliable and deceptive by the Supreme Court.
The Review Committee seem to have assumed the role of External Auditor by
deciding that Tethys is not fit to be on the main board of the TSX.
I find this surprising especially because the Canadian Courts and now the
KZ Supreme Court have dismissed the spurious Olisol claims.
IMO, I consider Tethys to be a financially safer bet now compared to the "Robson era" of hype and mismanagement.

[temporarily insane] 22/2/2018 13:33

hguess16, have you got in touch with Bil Wells about this, just to help them out?

[hguess16] 22/2/2018 12:46

attributed to Olisol and its has been proved beyond all doubt both by the Canadian and KZ courts.
I think TSX are relying on too much on
bureaucracy and rules rather than the cause of the events that has inflictrd serious financial harm by an unprofessional tin pot private set of individuals at Olisol who tried to steal Tethys from its legitimate shareholders.
I hope Tethys lawyers in Canada request
an urgent review to reconsider the delisting decision.

[hguess16] 22/2/2018 12:37

My personal view is that the review committee at TSX have been rather hasty about their delisting decision.
They should reconsider following the decision of the KZ Supreme Court to
dismiss all the claims by Olisol against Tethys/TAG.
The financial damage caused to Tethys is solely att

[fbrj] 22/2/2018 12:19

chestnuts - gosh that was a quick reply! You sound pretty certain (based on anything?) and if that was to be the case it would be a really positive result.

[fbrj] 22/2/2018 12:15

Some of my holdings were held with Barclays Stockbrokers. Since the new set up with (Barclays) Smart Investor it has been a complete shambles - not just with the Tethys holding. I was given a choice of transfer (to another broker) or transform into certificated. I set up and instructed on the former option and after weeks of nothing happening I enquired only to be told the [written] choices were an error and only certificated was possible. That is supposed to be happening....but as usual, deafening silence!

Even assuming I eventually end up with certificated shares I still have to grapple with what to do next with them. I have other Tethys holdings with HL - who have said already they wont take them in certificated form, I cannot buy but at least I can sell (the ones I hold with them already).

Any others in a similar situation but more advanced in the process?

[chestnuts] 22/2/2018 12:02

fbrj

It should be now able to retain its original TSX listing

[hguess16] 22/2/2018 08:14

Lack of confidence and more sellers than buyers at the 2-3 cents range.
New investors coming at 2.4 cents results in further dilution.
Now that Olisol has been silenced, Tethys needs cash to increase production.
But no further dilution as this depresses the share price
The uncertainty about the listing venue
is also a downer !.

[1399peter] 21/2/2018 23:03

I just think they have been dormant for so long now it's going to take some serious defibrillation to get this going. We need some deals and some drilling news at Klymene and export licence. I reckon that might do it

[temporarily insane] 21/2/2018 22:25

Well that was a waste of a day over on TSX.......Standard. Grrrrr



Do these idiots not read news releases and realise that Tethys has waited for a positive result for nearly 2 years of legally opposing some crook trying to steal the small shareholders assets from them.

What is it going to take, an investigation into underhand trading????

[1399peter] 21/2/2018 21:02

Spot on there Brad,

it's an absolute ball ache just trying to get these F'ing things transferred. Anyone would think its the first transfer that's ever happened.

[brad44] 21/2/2018 18:51

Tethys have made it difficult for joe bloggs to buy thier shares, thats got to make some difference, even when confidence does return. I just hope we all come out of this making a profit.

[neilyb675] 21/2/2018 16:57

Great news 😎😎😎😎8526;

[1399peter] 21/2/2018 15:19

TI

I think it will take a while for the confidence to return. Tethys are only just turning the corner.

Now that this legal stuff is dealt with Tethys could look a very attractive takeover target

[temporarily insane] 21/2/2018 15:11

Up the standard nothing on 3 million shares traded! Only on the TSX....LOL




They might as well have said that they had found a bowl of Kelloggs cornflakes going for free in the canteen!!!

[temporarily insane] 21/2/2018 13:23

1399Peter I couldnt agree more.


I too would like to reiterate:


"Couldn't agree more, the Tethys team have done a great job defending the company and its assets"

[1399peter] 21/2/2018 12:37

Hguess

Couldn't agree more, the Tethys team have done a great job defending the company and its assets.

It will be interesting to see how the market views this later on today

[brad44] 21/2/2018 12:31

seems like we have some good news. hope it works out OK for us, i hope we can get on to a decent trading platform, and not lose our isa status

[hguess16] 21/2/2018 12:22

Peter,
It was JPM and Capital who ran away !.
Typical of these so called large financial institutions who abandon ship when the going gets rough.
Bill Wells of Pope got stuck in and decided to fight to the bitter end !.
He and Ken May were willing to stay in the ring for the full 15 rounds and give Abramov and Skripka a sound beating in their own backyard.
I applaud them !.

[1399peter] 21/2/2018 12:04

Hguess,

I misread your previous message and thought you were saying M.Kumar had done a runner.

[devonlad] 21/2/2018 11:59

Great news and yes hguess, you are spot on, it is who you know that matters in these regions.