Tethys Share Discussion Threads

[temporarily insane] 29/3/2018 15:02

That is what I was thinking.

One day hopefully this company will be the pride of our portfolio.

[casual47] 29/3/2018 14:55

Just a hiccup I think.

[temporarily insane] 29/3/2018 14:45

So no worries then.

[casual47] 29/3/2018 14:41

Where financial statements not filed on time are expected to be filed relatively quickly, and the default is not expected to be recurring, a management CTO may be an appropriate response to the default.

Companies fitting the following profile are considered eligible for a management CTO:

the financial statements and related audit reports, if any, will be filed within a relatively short time period (generally a maximum of two months);
a majority of the company’s board of directors is in place;
the company is generating revenue from its principal business or, if it is in the development stage, the company is actively pursuing the development of its products or properties;
the company’s securities are listed on a Canadian stock exchange and there is an active, liquid market for those securities;
the company is not on the defaulting reporting issuer list of any commission for any reason other than the failure to file the financial statements.
We will consider a company’s history of complying with its reporting obligations including, in particular, the filing of its financial statements on time during the past year, in deciding whether the company’s request for a management CTO should be granted.

[dorset64] 29/3/2018 09:42

LFDKMP26 Mar '18 - 21:35 - 16927 of 16947

After being in both Taih & TPL I'm hearing you there LFDKMP26. Hopefully you have other shares that have taken the pain of these investments in favour of more profitable ones elsewhere.

[temporarily insane] 28/3/2018 22:36

I guess somebody needed to reboot the server..!!! Only took 2 days! LOL

Tethys website back up and running.

[1399peter] 28/3/2018 19:40

So in another 8 months Zzzzzz we could possibly see a return to business, but as we are all very much in the dark still, who knows!!!

[1399peter] 28/3/2018 18:32

Yes indeed, I hope you're wrong to. But the NEX listing gumph doesn't exactly suggest things are looking up for Tethys


Going forward, companies that have low levels of business activity or have ceased to carry on active business will trade on the NEX board, while companies that are actively carrying on business and pursuing growth and shareholder value will remain with the main stock list of TSX Venture Exchange.

[temporarily insane] 28/3/2018 12:14

380000 ??????????????????

[temporarily insane] 28/3/2018 12:11

Is Bill Wells trying to steal Tethys from the PI to sell to Total.......Is that his overall plan??????.......

Note he bought more of Total....

[casual47] 28/3/2018 11:57

I wouldn't be surprised if the next step is TPL going private. I guess that step is made easier by being on NEX?

A cynic may think that a private company might find it easier to operate in a country like Kaz and have more means to be friendly with Kaz based mini-Oligarchs?

I recall the Cayman lender loan contract contained a clause which stipulated that TPL had to remain listed on a major stock exchange. So hopefully these guys are still pushing for that.

[1399peter] 28/3/2018 11:45

Thanks Clive

I suppose it's better than nothing, but it doesn't give me much confidence in Tethys future or a decent price if it gets approached

What is NEX?

NEX - a unique market niche
NEX is a unique and separate board of TSX Venture Exchange. It provides a unique trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards.

Going forward, companies that have low levels of business activity or have ceased to carry on active business will trade on the NEX board, while companies that are actively carrying on business and pursuing growth and shareholder value will remain with the main stock list of TSX Venture Exchange.

This differentiation provides two distinct marketplaces - each with its own risk profile, unique characteristics and specific opportunities. NEX companies will benefit from the support and visibility provided by a listing and trading environment tailored to their needs, while the profile and reputation of TSX Venture Exchange companies will be enhanced as a result of the overall improved quality of the main TSX Venture stock list.

A fresh start for TSX Venture Exchange "inactives"
Before NEX was created, companies that fell below TSX Venture's ongoing listing standards were designated "inactive" and given 18 months to meet the standards or be delisted. Now, with NEX, these companies are relieved of the pressure of a delisting deadline, are more visible as potential takeover targets or investment opportunities and can continue to trade within the prestigious TMX Group of stock exchanges.

NEX streamlines and simplifies
With short, simple, easy-to-read rules and streamlined filing obligations, NEX reduces the complexity of complying with exchange policies - giving these companies more time to focus their efforts on reactivation.

This does not mean that disclosure standards have been relaxed. NEX companies are subject to the same disclosure standards as all Canadian public companies and must maintain good standing with all relevant Canadian securities commissions. In addition, surveillance standards of NEX companies remain unchanged - they continue to be overseen by the same independent service that monitors TSX Venture Exchange and Toronto Stock Exchange companies.

As an investor, what should I be aware of when investing in NEX companies?
Companies listed on NEX have the opportunity to continue as public companies while they assess their business plans and operations, and formulate a strategy to reactivate their businesses for future growth. While some NEX companies will succeed in this endeavour, others may not. Therefore, investors should consider the risk level of their investment portfolios when assessing investment in a NEX company.

[temporarily insane] 28/3/2018 11:01

Thank you Clive_H

Does anybody know where you can see the live trades on NEX?

[clive_h] 28/3/2018 09:09

Now showing on the NEX site under epic TPL.H -
Volume 27.03 - 334,702

[naimanka74] 28/3/2018 00:09

With the benefit of hindsight .... LOL