Tethys Share Discussion Threads

[hguess16] 07/4/2018 13:30

Pollster,
I doubt that the departure if the CEO has to do with Olisol's possible re-entry.
My gut feeling is that the CEO may have
exceeded his powers on some key issue related to governance or over-committed
the company in KZ which may have compromised the Board.
An example !.
If I recall, a few weeks ago it was announced that two new investors based in KZ wanted to invest in Tethys which would have further diluted the shares.
I wonder if this arrangement was approved by the Board ?.
Something major must have occurred that
resulted in the departure of the CEO and the fact that the CFO resigned although the CFO is still working as an
Adviser for the time being.
Remember KZ is an "unique " business environment and could be subject to
" pitfalls " for the uninitiated western businessman.
I am speculating here !.
Hopefully the Board will now rely on seasoned local persons of repute such as Medgat Kumar, who can guide the interim CEO who has worked in the region but lacks experience as a CEO.

[pollster] 07/4/2018 11:49

I am as surprised as anyone at the lack of news since the court case success in Kaz.
I have tried to think outside the box and have come up with 2 'possibilities'.

1. Ongoing legal constraints due to Canada case or Kaz

2. Olisol have also been silent.
Is it just possible that an attempt is under way to unify Tethys & Olisol??
It may explain the silences and the management departures etc.

All conjecture and IMHO of course

[hguess16] 07/4/2018 11:21

Well done JPod.
Let's see how the Board responds.
We need a show of confidence that they are capable of solving the key issues of production, selling and getting back to positive cash flow !.

[jpodtrading] 07/4/2018 10:49

I've just sent this:
---
To: [e-mail]
---
An open letter:

Hi Tethys,

I'm a long standing investor. After all that has happened to the company recently I find it quite disconcerting that you aren't keeping your shareholders informed about what's going on.

In the past I accepted you may not be doing this for legal reasons, but now the bulk of that is out of the way. Why do you still not see fit to inform us of your activities?

We are after all your employers. A little curtesy of a regular update would be hugely appreciated. It feels like you're announcing the bare minimum. And that is just not acceptable.

Please have a thought for the people that pay your salaries.

Thanks,

Jamie
---
I'll let you know if I get a response.

[hguess16] 07/4/2018 10:21

Yes, I bought some a few days ago.
The brokers are having a field day with a spread of 0.05 between bid and offer.
My hope is that the Board has learned its lesson about putting too much trust at the top level and now intend to keep a closer eye with stricter controls and regular monitoring in KZ.
Surely it must be in their interest
( Pope and Kumars ) to rescue Tethys after having got rid of Olisol at last after 15 months of hard slog and heavy legal expenses, not forgetting the resumption of drilling and the revision of prices.
Hope the remaining skeletons in the cupboard,if any, are not ball breakers and can be controlled.

[chestnuts] 07/4/2018 09:19

TI


You need to take a rest, if you are married it must be putting a strain on you family, you cant do any thing to make the situation better, put these in a bottom draw and take a very long holiday.

Chestnuts

[hguess16] 07/4/2018 06:33

Peter,
Thanks.
I meant cash positive by 2018 not 2028 in my previous note.

[hguess16] 07/4/2018 00:04

The resignstion of Clive Oliver followrd by the departure of Ken May and the demotion of Tethys to NEX shattered the little confidence it had from the Supreme Court success.
I hope the Board now realises the need for being proactive in the key decision making process by top management especially in developing countries such as KZ where local knowledge and " know how" on business is vital.
If the relationships with our key customers are intact incl the new pricing strstegy and the revised production plans for drilling gas wells and ESP are unaffected I am hopeful that Tethys can become cash positive by
end 2028.
Since the Kumars have a similar number of shares to Pope and have added value
through their relationship with AK in KZ, I think it is essential for Medgat Kumar, who is based in KZ, to play a key role in getting Tethys back to a sound business operation as soon as possible.
Tethys needs help and active support in
KZ and Medgat Kumar is our key director who can guide the interim CEO to perform effectively.

[casual47] 06/4/2018 21:47

There's not much 'guts' involved in inaction due to 90+% paper loss. May as well just ride it out.

The real guts, imo, was with those selling on a 15-50% loss.

Meanwhile, some of us have been unable to sell for a year now.

I can't see Ken going to a big job after this. He probably couldn't believe his luck when Olisol brought him out of retirement.

I doubt the new CEO will be much more than an admin guy, doing what he is being told.

I can't see him doing what CEOs are supposed to do: do the rounds in the likes of the City and bring in investment.

But then, (1) who in their right mind will invest in TPL (2) if you were cynical you'd think the puppet masters behind the Kumars have it all sown up already,nice and tidy. But of course I would never think such a thing.

Imo, dyor, pay me no heed etc

[enamel3] 06/4/2018 20:55

The CEO & CFO leaving could be for a multitude of reasons. Maybe they were edged out by the Board or perhaps they wanted to escape from the treadmill of litigation or wanted a change or they were worn out. They probably decided that there were better opportunities elsewhere.

Whatever the reason, it seems unlikely that there would be a rush of candidates wanting to take over the task of top management.

Of course shareholders are suffering from a lack of communication, but perhaps the Board is reluctant to disappoint shareholders by disclosing slow progress. Who knows?.

Those who think the company is doomed should bite the bullet and exit.
Those of us who think that eventually the company should recover will hang on. The hanger-on's have guts. Good luck.

[temporarily insane] 06/4/2018 10:16

This is what is supposed to happen when you get your banking in order and a change on the Board!!!





Maybe we can look forward to this for the first bit of exciting news from Wells and his new new new management...LOL


ITS ABOUT TIME.

[hguess16] 06/4/2018 09:10

I am with ii formerly TD, and the share price is shown at 1.5 cents ( pathetic !) for my Tethys shares, which are tradeable in the market.
My shares are not in an ISA.

[ratfan] 06/4/2018 09:09

I can see a price but it's not correct and can only trade over the phone by the looks of it with HL

[redstone64] 06/4/2018 08:55

Nothing ratfsn but this is not the same UK NEX but a Canadian NEX therefore still listed in an international exchange?My shares are still in the ISA with II (formerly TD Direct) but I don't see a price, anyone else able to see as tradable on their online broker accounts?

[ratfan] 06/4/2018 08:49

Has anyone had anything from brokers regarding shares not being eligible for isas anymore? With HL and nothing from them yet but thought NEX was not eligible for ISAS?

[temporarily insane] 05/4/2018 21:43

hguess16....

[hguess16] 05/4/2018 21:39

Peter,
I meant to say Return not reternal in my previous email !.