Tethys Share Discussion Threads

[hguess16] 20/10/2018 18:39

Never underestimate the locals in their own territory !.
At least the KZ local Supreme Court ruled in favour of Tethys.
I take my chances while you see doom and gloom at every corner with your 250k holding
in limbo !.
I go with your find - KazTransgas !.
So much for your judgement !.

[casual47] 20/10/2018 18:11

"the KZ powers who have decided to step in to stop the rot that has set in"

the KZ powers who let Tethys rot by blocking off all possibility to do business and when Tethys was finally on its knees demanded their pound of flesh



Nice guys to be taking your chances with.......

[hguess16] 20/10/2018 17:56

Sorry Peter,
I did not mean to be harsh to some of the PI's who have have serious doubts about
Tethys, but I see a glimmer of light from the tunnel of despair !.
Brad,
I have not been a blind, devoted fan of the BOD. But I perceive a calm has set in since NI took control. The jury is out on whether the new set up can deliver, but I intend take my chances on delivery by the KZ powers who have decided to step in to stop the rot that has set in.

[brad44] 20/10/2018 17:18

i reckon we all need to just take a step back and take stock. there is nothing we can do to change events, there is an option to sell at a loss (which is better than losing everything) or to keep going and see where the journey takes us. i will stick it out, i havent got a huge amount in here like some of you guys, I stuck some of my profits from emerald in here, and some in IRON and some in ZOL and at present all are not exactly retirement material...so fingers xxd for the future..

[1399peter] 20/10/2018 16:20

hguess

I think referring to PI's that don't want to throw anymore good money after bad as "lemmings" is a bit harsh. Many PI's who understand consolidation will bide their time and pick them up cheaper at a later date. Whatever price Tethys set the RI at, if they have one, will set the target for the share price and will likely drop below RI price

[hguess16] 20/10/2018 13:49

Peter,
You are spot on on !.The big players will take it up, but I felt that if Tethys has to get on with the real focus of more drilling, then every little helps and also that PI's with small stakes should participate in the event that the new shares result in major decline.
My view ( I could be wrong !)is that the share price will stay reasonably steady because NI and the other major players will come in to stop the decline by scooping up the doubters. My DDR concept is a backstop and also a way to provide more funds for drilling as well as giving the small PI's a chance to come in at a lower ce.
Have you noticed that when Tethys has a vote, a large number of investors fail to cast their vote !. This may indicate that apart from the major investors like NI, Kumar, Pope, Olisol and a few PI's, others just do not bother.
It might also indicate that a fair number of investors stay on the sidelines and may only act in the event of a virtual certainty of bankruptcy, take-over, or a significant improvement.
So far the volume of trades has not been massive compared to the "free shares" available, despite the news of NI's control and share consolidation.
I estimate that the volume has been about 15% of about 250m Free Shares.

It might imply that the investors holding over 200m shares show little interest nor participate in BB discussions on Tethys. This means that the " talking shop" is of little interest to the 200m group.

So my attempt to interest the PI's in a possible DDR concept might only interest the major players, who already control Tethys.
The PI's taking part in the " Talking Shop" and the 200m others just carry on like
lemmings and hope/expect to eat the few crumbs falling off the table of the major players !.
Which just about seems to sum up your conclusion !.

[1399peter] 20/10/2018 11:41

hguess

LOL "Empty vessels".Meooooooow!!

As I have said previously I see nothing wrong with your optimistic take on things but I tend to agree more with the slightly cautious point of view also held by some on here and proven correct by the passed and present performance of Tethys.

You have pointed out in your post that only a small percentage of monies invested in Tethys belongs to PI's. So if they plan to raise money through a heavily discounted RI who will that actually benefit if PI's don't take their allotted shares, OH YEAH it will benefit those pesky NI's (I Quote) who have no other interest in Tethys other than an investment, doh!

They are diluting our ownership and increasing theirs by consolidation followed by RI.
If that happens, how does that reimburse the PI's.

[zim art] 20/10/2018 11:31

I was with Barclays and now own a paper share certificate - took around a year to arrive. Can someone please recommend a uk broker that can register the share certificate and later trade through.

[lfdkmp] 20/10/2018 10:59

I wish you well, and if you are correct I will come back and offer my congratulations.

[toppix] 20/10/2018 10:42

LFDKMP - LOL !

I'm also with HSBC - would like know if there are others as well in the same situation. Maybe a combined approach can unlock these shares ?

[hguess16] 20/10/2018 10:18

LFDKMP,
Thanks.
I am an eternal optimist with the hope that Tethys can be turned around in this final
chapter.
IMO, The horrendous mistakes made by Wells in underestimating the opposition does not
necessarily mean that he has not learned from the past.
I think that he now realises that it is better to accept the inevitable and let the locals run the show !.
I am in this game of "KZ poker" and aim to get to the final episode intact !.

[lfdkmp] 20/10/2018 09:09

Like Brad44 I have written off my holding which is stranded in a nominee account with HSBC.

I will not put another penny into this cesspit.

hguess16
You have a wonderful way with words. You invariably take the most rose-tinted viewpoint, inject some tenuous associations/assumptions, then sprinkle the resultant cloud-cuckoo landscape with shovel loads of fairy dust.

One couldn't make it up, but you always manage to.

[cowls] 20/10/2018 09:06

Is JTCod still invested in TPL as he did have a very large holding and was on the board for a short time?

[casual47] 20/10/2018 09:05

"from the range 1-2 cents to 2-3 cents."

On an illiquid exchange. Let's see how the share price holds up after consolidation, when trading doesn't come with a spread of 20-33-50%

[hguess16] 20/10/2018 08:35

Peter,
I question your glib certainty !.
That means, (according to your judgement ) that 99% of them do not believe that Tethys will recover !.
I, then, make up the 1% who expect Tethys to recover !.
I wonder how much money your " 99%" have invested in Tethys.
My guess is that your "99%" could have less than 5% invested in Tethys.
That may mean that about 95% of the money is held by investors who believe that Tethys will recover !.

Based on the last few weeks of trading, the share price has moved from the range 1-2 cents to 2-3 cents.

" Empty vessels .......".

[1399peter] 20/10/2018 06:35

Hguess,

I think I can say with certainty that 99% of PI's who have been stuck here for many years will NOT take part in any rights issue.

[hguess16] 20/10/2018 03:22

TI,Peter,Brad,
I do accept that Tethys had gone from
bad to worse since Robson was kicked out for misleading all of us about the real true financial state of the company.
I myself was taken in by his BS when I met him in London in late 2013.
I also accept that Wells who decided to
stay and rescue the company (while
JP Morgan and Capital pulled out) failed to realise the enormity of the challenge in taking on Olisol and the local resistance.
Nostrum was a missed opportunity as
Wells wanted to retain control.
Ken May made a difference when he was CEO by trying to focus on increased output and helping to beat Olisol in the KZ Supreme Court. But this was too little too late as Tethys ran out of funds and Pope and Wells realised that they had taken on far too many risks and would not commit any more funds for
drilling. Enter the Kumars !.
One Kumar, based in the UK, pulled out
seemingly to protect his business reputation.
Now we have KTGAS who has always been an exclusive buyer of TAG who takes a major investment in Tethys and together
with Medgat Kumar, have virtually taken
control of Tethys !.
Olisol has been silenced most likely through a deal to buy oil at competitive prices for TAG.
Meanwhile, we, who bought shares early in the market, when Robson was "spinning"
his hype, have been caught out with only " bare threads" left of our pants.
The losers are Pope and the PI's to date !.
Some of the PI's who have relatively much less to lose are the empty vessels
making the loudest pessimistic noise !.
Others with a larger stake are hoping for a turnround,finally with KZTGAS and
Medgat in charge !.
So why not take part in a revival of the business by adding a bit of new thread to our scanty investment pants by contributing to a heavily discounted
new share issue which could possibly
bring a bit more certainty to a successful outcome ?.

[brad44] 19/10/2018 23:23

We are now discussing semantics...we were all looking at the square root of fa last year, so we now have slightly more than fa what's the difference? I've written this off but the last few months have shown a glowing ember, so who knows, maybe we will do an emerald, who knows..

[temporarily insane] 19/10/2018 21:36

1399Peter send your comment to Bill Wells......

[casual47] 19/10/2018 21:10

Let's hope they do it through forward selling output instead.....

There should be NO need for a placing.

While this company has been diluted nearly threefold there is still potential to have a (now more modest) "multibag".....

I wouldn't put any money on it though as none of these guys deserve our trust.

[1399peter] 19/10/2018 21:09

hguess

You might know a little more than most of us mushrooms out here and your optimistic posts are appreciated but you have to say that as shareholders we are not getting treated well by any stretch of the imagination. So anger and distrust will often be the first thought as Tethys haven't done anything to date to prove those doubts wrong.

Lets see if that changes

[hguess16] 19/10/2018 21:03

Peter,
I want Tethys to have more money to drill more wells !.
That's what I wa-a-a-ant, That's what I want !.

[casual47] 19/10/2018 18:37

You just have to look at the AGM voting results to see that there is almost zero engagement from private shareholders. Why pay a good sum of money to organise an RI when they will probably only reach a fraction of private shareholders. It. Makes. No. Sense. If they need money they will do a placing, like they have done over and over again - easy peasy.

If you want deep discount shares, just wait until the consolidation happens. Fill your boots then.