Tethys Share Discussion Threads

[temporarily insane] 21/9/2018 15:53

Its 13000 now. Lol

[1399peter] 21/9/2018 15:42

Is that seriously all you can get hold of 23k.

[temporarily insane] 21/9/2018 15:35

Should pop back up to .02.

[temporarily insane] 21/9/2018 14:57

Lol ..oops

[casual47] 21/9/2018 14:54

Less than a dollar cent...even worse

[temporarily insane] 21/9/2018 14:51

This would have made it worthwhile the 4 years waiting..LOL

[temporarily insane] 21/9/2018 14:35

Up 33% so far. LOL

[hguess16] 21/9/2018 11:45

Thanks TI.
That is positive news as it is ahead of the due date in early Oct.
Let us see what the market reaction is !.

[casual47] 21/9/2018 11:33

Interesting. Well, I hadn't expected it. So, now what?

Shareprice will probably have a technical rerate to 3 cents and then we'll see where it takes us.

Not sure why anyone at this point would pay more than the NI, though.

[1399peter] 21/9/2018 11:23

That's a start, thanks TI

Lets see if their pockets are a bit deeper than previous so called investors

[1399peter] 21/9/2018 10:55

I think we all need to see some official news that takes the guess work out of the equation.

[casual47] 21/9/2018 09:39

Indeed.

Not sure then why people are surprised there are almost no buys or why we aren't at 3 cents yet (or beyond). It's pretty darn tootin' obvious....

[1399peter] 21/9/2018 09:35

Casual,

If indeed the loan agreement has prevented them from taking Tethys private that has to be a good thing for all of us.

We are all guessing at the moment as to what might happen next on the information we have, well reasoned guesses I would say and yes hopeful to a large degree but hey! at least they are back in the ring.

[casual47] 21/9/2018 09:18

Peter, you asked the question. I was responding to you. You wondered why they were trying so hard to remain listed, rather than go private, as if this were some sign things aren't as bad as they are. Not breaching loan covenants is a pretty good reason, is it not?

As I have said before, the one thing we can be grateful for is that the company is still lumbering on.

The fact Tethys is clinging on doesn't mean we will see the high 10 cents soon, as the braintrusts on Stockhouse claim. What is more likely is stagnation and further dilution.

Yes, the NI, warrants and final accounts are in black and white. So how come people are hopeful and think up all these fancy scenarios based on nothing but guesswork? The stuff that is in black and white is terrible and should be terrifying for any investor. The company is still not a going concern, i.e. does not have funds to make it through the next 12 months and certainly does not have the $50+ million needed to even start to address their problems. The company had to sign up to 20% equity in exchange for barely enough money to cover a quarter of G&A bills.

[casual47] 21/9/2018 08:24

What spurious claim? The clause I saw in the contract is there in black and white. You can look for yourself on SEDAR. I said it was a good reason, not the only reason. What other reason there may be I don't know - that would be guessing, which you seem to prefer doing.

[hguess16] 21/9/2018 08:04

The buys so far have been 740k and 240k for 2 days, although it should have been much
higher given that Tethys has returned to the market since a " delisting" in June.
As I understand, NEX insisted that all accounts incl the prelims should be up to date.
Clive Oliver, "CFO and Co; Corp Sec" brought them up to date incl other requirements
as required by NEX rules, such as " a going concern".
The accounts indicate that net creditors amount to $33m and no concerns have been
expressed by any of them to pull the plug following NI's involvement.
The delay in NI's commitment, I hear, arose due to the D diligence which incl discussions with all Tethys creditors incl Olisol.
So your spurious claim about the Cayman loan requirement being the only reason for listing is incorrect !.
Like quite a few on this BB and other PI's, we are waiting for more positive news before dipping our hands into the "Tethys mine".

[casual47] 21/9/2018 07:22

What pessimism?

The question was asked why there were no buys - I gave a reasoned view.

The question was asked why the BOD were battling to stay listed - I gave a reasoned view.

On both counts, rather than reason you have put up complete fiction.

[hguess16] 21/9/2018 06:41

Casual,
I find your extreme pessimism nauseating, but it is understandable given your small
500k stake in Tethys !.
Let's give NI ( your find !) a chance to prove themselves seeing that the current team
has failed abysmally during the last 3 years !.

[casual47] 21/9/2018 01:00

Hguess, that is just a diarrhoea of words that makes no sense whatsoever.

The Cayman loan contract contained a clause that specified that Tethys must remain listed on a major exchange. The reason for this is obvious: if Tethys were to go private then there is much less control or oversight for the lenders and it removes a big chunk of rules and regulation that listed companies need to adhere to.

[hguess16] 20/9/2018 22:25

A good reason to remain listed would also be that NI would like Tethys to be listed following negotiations with all the creditors during the DDiligence and also to be represented on recognised Exchange in addition to KSE now that NI holds the major share in Tethys.
NEX had to be convinced about going concern issues prior to permitting relisting on
TSXV.
I will stop there and hopefully wait for more news !.