Timan Share Discussion Threads

[excell1] 04/1/2019 08:54

Thanks Anteo.At least now we are having information given on this bulletin board again. We await further developments/communications. Let's get this mopped up.

[kaos3] 04/1/2019 07:32

this is becoming a farce - of a legal and financial system - that allows this happening.

about individuals no comment - they are humans lol

[astorcourt] 04/1/2019 07:31

1p better than nowt. had written this off.

[kubok012] 04/1/2019 07:25

Miami/ and Mr.Chalov are beginning to prepare us/minorities for a very low buyout price... roughly 1p/share which equals the price at which they sold 75% of NGPT

[miamisteve] 04/1/2019 06:57

TIMAN UPDATE

Dear Shareholders,

Going forward I will be posting to this bulletin board with updates when anything material transpires.

During December I participated in a conference call with Deloittes, and was subsequently informed from Konstantin, that they have signed off on the historic accounts of 2008-2011.

The next phase of bringing the accounts up to date, concerns the period since our delisting, for which all accounting information is on record and is not envisaged to be as problematic and can be handled for the most part in-house and with a new auditor.

By remaining in the CVA, the company is protected from being struck off for our late filings, and therefore we envisage remaining in the CVA while this risk is present.

Once however the filings of accounts are up to date, the final sign off of the CVA will be a formality.

Going forward, the company is facing significant headwinds, with a declining oil price and ongoing geopolitical concerns. There are ongoing discussions in relations to our remaining assists with a view to maximising value for our shareholders.

Given that there are a number of outstanding NRC loans to the company, any successful conclusion to these discussions will result in limited funds being available for dispersing to shareholders, although the understanding that a buyout for the minorities being prioritised remains in place, albeit at a lower price than previously envisaged.

I cannot give any assurances on how things will play-out this year, although resolving the accounting issue was an important milestone, which allows Timan to move forward on a number of fronts.

[excell1] 15/10/2018 12:13

It's definitely time for a packet of those really hard boiled sweets,they just take ages to disappear. Will just have to keep sucking.

[kaos3] 09/10/2018 20:47

if maybe some time in the coming time ....

[moormoney] 26/9/2018 21:29

Lol!🤣

[excell1] 26/9/2018 20:49

It's O.K. to talk among yourselves for a while.

[richie1218] 10/9/2018 08:23

Thanks excell1.

[moormoney] 07/9/2018 21:05

Thank you excell1.

[excell1] 07/9/2018 18:21

Email from miami
With his permission to post on this BB



Dear XXXXX,



My apologies for not getting back to you and the shareholders earlier. I do not check the bulletin board, but anyone is welcome at any time to email me or call, as some do for an update.



I share everyones frustration with this and bearing in mind the endless false dawns, am reluctant to give any more "maybe" news.



What I can say is that the historic debts were successfully accounted for from the cva process, though a small amount remains to 'friendly' creditors, which can be addressed by director loans in the near future. The long outstanding accounts seem to be in the final stages of being signed off and general meeting should be coming in the coming months, which will have the usual Q&A with Dmitry and myself and Konstantin.



We are actively looking to dispose of our remaining assets and it is something of an understanding that in the event of some further funds entering the conpany, the minorities will be given an choice to be bought out. I cannot give guarantee on such an event occuring or what the price will be. But obviously will fight our corner on this, if we get there.



Now all we can do is wait, but given the neftisa deal removed the huge ongoing liabilities of maintaining NGPT, we no longer have the concern of a declining enterprise value from these costs.



Please feel free to repost this communication on the bulletin board.



Best



Anteo

[kubok012] 06/9/2018 15:46

Thats unbelievable... you guys really going to believe what he is going to post here?
Contact Dmitry Chalov directly and ask him to provide you any update

[e-mail]

[someuwin] 06/9/2018 15:42

miami was posting on the MUBL thread earlier today - so he's still around.

[john henry] 06/9/2018 15:31

GL excell1

[excell1] 06/9/2018 14:15

Taken cl's advice and I have emailed him JH,let's see if he reply's.

[john henry] 06/9/2018 10:52

The majority of shareholders do not have Miami email cl2201. so are clueless to state of affairs.

i thought he ( Miami) would have had the decency, integrity, honesty to keep fellow shareholders informed.

Sadly that doesn't appear to be the case.

[cl2201] 04/9/2018 09:12

I suggest emailing Miami instead of a) waiting for him to come here b) reading the same rhetoric from guess who.

He has always replied to me.

[kubok012] 02/9/2018 14:17

I hope this has finally become apparent that Miami screwed you and the remaining shareholders

No relisting plans, no shareholder meetings anymore and no updates going forward

[excell1] 02/9/2018 13:51

My occasional look in here. I appear to be the last one posting.With no word from Miami (even after saying that there would be an update in the first half of 2018).Things don't seem to have progressed or if they have he is certainly silent on the matter.It should have all come to a head in 2018.
Hmm I guess no dividend again this year LOL.

[excell1] 10/8/2018 09:33

Come on Miami give us an update.I am a big boy now and can take whatever outcome is ongoing.

[oli12] 07/7/2018 09:53

I see the 2018 annual report has been uploaded to the ips-docs site - no dividend this year. Hopefully this will all be over soon.

[excell1] 15/6/2018 20:48

About time someone was honest here and tell us what is happening,that is for good or ill.

[jaynealex] 31/5/2018 13:22

So is there any significant news??

[dgunn222] 31/5/2018 09:19

The documents are on the the website ( ips-docs.com ), and I have not been notified.