Tethys Share Discussion Threads

[hguess16] 31/8/2018 14:05

Casual,
Thanks.
TI,
Let us wait for news of the NI deal and perhaps then we could pursue !.

[casual47] 31/8/2018 12:45

The Company anticipates filing its results for the three months ended March 31, 2018 and for the six months ended June 30, 2018 in the coming days. The Company's filings will then be up to date and the Company then intends to apply to the Alberta Securities Commission to have the Cease Trade Order currently in place lifted.
Read more at hxxp://www.stockhouse.com/news/press-releases/2018/08/31/tethys-petroleum-2017-annual-results#v1DLh7cU03J797Ik.99

[hguess16] 31/8/2018 11:32

Very simple TI.
They should done so before all this silly dilution of equity.
They should have arranged more debt by partnering it with others and offering the
proven reserves as collateral.

[temporarily insane] 31/8/2018 11:08

Hguess16 how do you know that PAM is not willing to invest more money in this venture?

[hguess16] 31/8/2018 11:04

The renewal of the various licences, I guess was done by the local KZ parties as they
still see some value in Tethys.
If Tethys does not drill more wells with more real cash instead of petty cash, then
we are sunk.
The trouble is PAM is not willing to invest more money in this venture, hence the
giving away of equity for a song in order to keep the sinking ship afloat.
It results in a significant decline in the value of our shares !.

[casual47] 31/8/2018 10:40

At this point we can only be grateful that the company is not in administration.

I never quite understood how hope springs eternal so much on this BB (Even more over on stockhouse).

This company, by all rights, should have been dead and gone ages ago. That the corps is still twitching is as much as we can hope for, right now.

There is no reason to believe that any of us will get any money back of whatever shares we are still holding.

[1399peter] 31/8/2018 10:34

It takes incompetence to a whole new level. And i expect we will be treated to a bit more stupidity yet.

[hguess16] 31/8/2018 08:58

Too late, I should have seen it coming !.
Based on the last two years abysmal performance, Tethys has been led by an Apprentice chairman and his board of apprentices !.
Attempts to restructure Tethys has resulted in value destruction and dilution of equity !.

[temporarily insane] 31/8/2018 08:29

WHAT WE WANT TO SEE NOW IS WHAT THE HELL ARE THE BOARD GOING TO DO TO REMEDY THIS CONTINUED MESS.



THESE GUYS CANT BE THIS INCOMPETENT CAN THEY?

[hguess16] 31/8/2018 08:16

Tethys in decline !.

Tethys has experienced continued financial losses due to incompetenc by successive Boards since its inception.
The chairmen starting with Robson, followed by Bell and now, Wells have
presided over a company that has been drained of its assets, which is reflected in the collapse of the Tethys share price.
Wells (PAM), as the major investor, who has controlled Tethys throughout this period, should therefore acknowledge responsibility for its poor operational and financial performance.

Is the current BOD fit for purpose? .

[hguess16] 30/8/2018 23:40

At least the annual financials for 2017 have been published - See SEDAR

Dismal figures as expected with lower oil and gas prices and write downs of reserves, impairment charges and deprecation causing losses for the year.

Let's see what the NI brings to the table !.

[casual47] 30/8/2018 23:38

Wakey wakey......news out: the 2017 FY have been published

[casual47] 29/8/2018 21:45

Any feedback on why they don't seem to have paid their domain provider?

[hguess16] 29/8/2018 21:21

Dorset,
Thanks,
The hope that the Cease trade order could be lifted would depend on the TSXV being satisfied that Tethys can continue as an ongoing concern.

" lot of risk and hope and a number of things " could indicate that discussions are
continuing with the KZ investors and with Olisol on the proposed deal or some other
deal.


The "natural questions" raised show that some of these are " contentious/ confidential" and the BOD are either not able to respond for legal reasons or they are being overtly prudent.

[dorset64] 29/8/2018 20:54

Part of the reply, in essence hoping to release an update when they can. --------------------------'Hopefully Tethys will be in a position to get the Cease trade order lifted and be able to release information that addresses your questions.  Your questions are natural questions and some can be answered and some can't at this time. What I can say is that the bottom line is there remains a lot of risk and hope and a number of things still in flux'.... 

[casual47] 29/8/2018 20:08

Meanwhile, the domain still hasn't been re-registered....

[dorset64] 28/8/2018 14:58

Casual, I have always used his private one plus the popeasset.com one too, just in case one of them misses.

[targatarga] 28/8/2018 14:41

More importantly -if the company goes totally silent and assets get siphoned for a song what can you do?