Tethys Share Discussion Threads

[casual47] 09/8/2018 16:03

"The preparation of the Annual Filings is continuing and is expected to be completed by July 31, 2018."

Tick tock....

[1399peter] 07/8/2018 21:28

ih

Are they not suspended there as well. Perhaps they got the decimal point in the wrong place.

Although that would be a nice come back!

[ih_416583] 07/8/2018 17:57

In America, the TETHF BID price is 0.03, while the ASK price is 26.8 cents.

[hguess16] 05/8/2018 19:18

You may be right Casual !.But I hope Wells and the restructure artist have learned a few lessons and perhaps these guys have been checked !.
Let us see what happens in the short term, in a few weeks.

[casual47] 05/8/2018 18:53

We have been here before. The "investors" who came first time didn't save the company and didn't take up their warrants. One of them failed to take up his directorship and never submitted his Personal Information Forms ("PIFs") to the TSX (did he have something to hide?).

My bet: the new guys will disappear in the same way and at some point there will be an RNS that 3rd parties have taken hold of their shares.

[hguess16] 05/8/2018 18:48

Peter,
The value in it is that the new investors are willing to take up warrants at
2.15 C cents while the share price is languishing at 1 C cent.
In total they have offered to pay 2 cents per share for 127m Tethys shares although this amount is not going to get the drilling started.
I wonder if they have also agreed to help fund a drilling programme ?.

Or is this bottom fishing or " cigar butting ", hoping to cash in ?.

[1399peter] 05/8/2018 18:36

Which have absolutely no value, can't see how that is any kind of deal or enticement for investors to come on board. You might as well give them monopoly money

[casual47] 05/8/2018 18:12

They can easily issue paper certificates. No exchange needed for that.

[1399peter] 05/8/2018 18:07

Hguess,

Warrants are registered and can be traded on different exchanges when issued. So I can't imagine how they would be able to issue a warrant on a share that was suspended

[hguess16] 04/8/2018 08:24

I do not think so Peter.
Warrants can be issued even if the shares are not trading !.
Maybe someone can confirm if I am correct !.

[1399peter] 04/8/2018 08:18

Can I assume that to take up these warrants Tethys needs to be trading if still a listed company.

[hguess16] 04/8/2018 07:41

The new investors have to take up their
warrants by 18 Aug in order to control 20% of Tethys.

[1399peter] 02/8/2018 19:43

Are we there yet!

[hguess16] 31/7/2018 14:15

I am not surprised !.
Let us see what the new investors bring to the table in trying to sort this mess out !.

[casual47] 31/7/2018 11:19

Last news from Olisol was that they are back in the courts.....

[hguess16] 31/7/2018 11:10

TI,
The difference is that Nostrum focused on raising funds for drilling and refining whereas Tethys focused on legal disputes and failed to raise the required funds for drilling oil and gas wells and instead finally sold the rigs to barely survive.
Hopefully, lessons have been learned !.

[temporarily insane] 31/7/2018 09:43

Nostrum, just brought out some exciting results.........



Amazing to see what happens when the management actually are committed to making a success of a company and make the right decisions!!!!!!!!!!!




Hey Tethys management give them a call and get some tips on how to start.............

[1399peter] 29/7/2018 21:00

That was the battle TI, but ultimately it means diddly its the war you need to win. But now that we have been occupied by the other sides troops, who knows

[temporarily insane] 29/7/2018 20:51

The Supreme Court believed in Tethys.

[hguess16] 29/7/2018 20:28

A few facts though !.
Ogunsemi is FD of a vary large O&G Company in Nigeria.
Wells, through, Pope holds stakes in Total
Bell was an O&G experienced man who presided during the short term debt borrowing saga.
Sjoberg, the restructure expert, with no O&G experience, but with experience in Eastern Europe.
Ken May with O&G experience.

The problem was that they underestimated the KZ political and business environment incl Olisol.

If you look a Nostrum, Frank Monstrey, founder and Chairman, departed with a "bloody nose and more " seemingly, because he failed to understand the KZ political environment !.

If you underestimate the locals, they will come back and bite you and take more than your pound of flesh !.

[casual47] 29/7/2018 20:00

I mean, appointing TJCOD, or whatever his handle was, as director....what on earth was that all about. It's the inmates running the asylum.....

[1399peter] 29/7/2018 20:00

Warren Buffet said "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."

[casual47] 29/7/2018 19:58

1. He has no experience of O&G. He should have kept out of running the company. Becoming a director: sure. Instigating the "clean-up": sure. Running the company: NO.

2. It is also ethically wrong, with him representing the interests of the main creditor AND biggest shareholder.

3. The decline of the company since he took the helm: q.e.d