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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tomco Energy Plc | TOM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.0385 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0385 | 0.0385 | 0.0385 | 0.0385 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 25/4/2024 15:25 by 1dutchman Still, without Byle leading JP by the nose, it is assured that TOM has absolutely no strategy. JP made a go of it for so long simply by aping Byle’s lies. JP didn’t even have to understand what he was saying. It probably helped that the Chairman and the Board also had no operational experience in the industry, as they wouldn’t have even known the right questions to ask. But they surely would have known their ‘gig was up’ when Byle broke it off with JP. When was that, and how long have investors continued to be milked since the Board became aware of the split? Given the reliance TOM had on Valkor, surely this should have been announced to shareholders? |
Posted at 25/4/2024 14:51 by lopodop 1DutchmanIt seems Byle and JP have fallen out.How on earth can TOM move forward with no cash to speak of and no business relationship or business. On the other hand look at Groat’s remuneration and that of JP - surely the principal investors must be factoring this into their sums - why? |
Posted at 05/4/2024 17:34 by 1dutchman Diddy - it's not just one week that has been wasted. It is several years and millions of shareholder's pounds that have been wasted. And it was all so predictable, as you and several others on this thread have expounded over the years. The litany of issues is long, but it starts with a Board and CEO who collectively have no experience in operating an oil company - - or a sand company, if it pleases Goulding. Would you hire a plumber to fix your car? A roofer to wire your house? Of course not. But both the Board and most investors deemed it ok to hire a caterer to build their oil company. And to keep him on, even when the results were nil. Kudos to Potter, I suppose, for he has got away with it now for over six(!) years, pocketing over a million pounds for having produced absolutely nothing. One way or another, the end is nigh, but I do hope that the Board is suitably called out for their ineptitude and profligacy and blocked from future Board roles. The AIM Regulation should also review what has gone on here; there are supposed to be safeguards in place so that AIM companies don't mislead investors in this way. |
Posted at 28/3/2024 15:10 by the diddymen One last gasp - accept a material uncertainty on going concern clause in the audit sign off. The bottom line is that if the company do not dilute the living hell out of the share price, going concern is not relevant. Any new capital can now dictate their terms, so sub 0.0001 on the way. Shareholders all had their chance to liquidate some capital prior to this announcement today - too late now."The forecast, which includes all commitments at the date of this report and reflects receipt of the net proceeds of the £0.3m equity fundraising announced on 21 February, indicates that the Group will need to secure approximately an additional £0.5m in Q2 2024 to meet its currently envisaged working capital requirements for the twelve months to 30 April 2025, beyond which further funding will be required. Based on historical and recent support from new and existing investors and debt providers, the Board reasonably believes that additional funding can be obtained when required, via further debt or equity issuances, and in the meantime is carefully preserving its existing cash and taking measures to reduce costs and defer expenditure (including director salaries) such that it continues to consider it appropriate to prepare the financial statements on a going concern basis. However, the Board's ability to raise such funds cannot be guaranteed. As a consequence, there is a material uncertainty as to the going concern status of the Group. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern." |
Posted at 28/3/2024 07:07 by the diddymen D Day and no accounts submitted at 07.00.Any sensible investor will have to assume a suspension RNS on Tuesday. Any sensible investor will also see that there will be no way back to a listing. That the narrative took it this far is amazing. |
Posted at 07/2/2024 11:21 by 1dutchman TOM could be a case study for the psychology of retail investors. Despite all the evidence that there is no value in the business (and no plans to create value), long term investors are still unwilling to sell. Misplaced loyalty or simply disbelief that a share price that has dropped this far can drop even further? |
Posted at 23/1/2024 13:33 by goulding1215 LOL. I see that the Diddyman still selling crooked policies out ofHorsham. Fenderbender still posting rubbish after 20 years. He must be stupid, because only a stupid moron (is that an oxymoron?) would continue a journey to nowhere. Keep going guys and show everyone how gormlous you both are feeding rubbish on here giving posters a laugh. Don’t forget the investors a laugh, and in danger of being sued by thecFCA for passing false information to investors, which, of course, is a criminal offence. The stupidity of your lifes is only surpassed by Russian tank drivers. I wish I could say good luck to you pair of dopes, but you will never learn as is obvious, from your perpetual spewing of rubbish. |
Posted at 09/1/2024 15:10 by 1dutchman It still boggles my mind that anyone could have felt good about investing in an oil company with no actual oil and gas expertise in the management or on the board. OK, I guess for long-term investors this may have morphed over time, but for anyone putting money into this in the last three years, I am am inclined toward the view that those investors are now reaping what they sowed. |
Posted at 16/10/2023 15:48 by the diddymen By way of reflection on last week's charity shop RNS you can see how the discussion might have developed between the investor (RNS shortly) and TOM.It would indicate that despite the Board's confidence in the going concern section of the last Financial Statements, TOM cannot rely on institutions to raise any more funds. On that basis the next port of call for this fund raise was existing investors. Very sensible. TOM advises the investor that the company is unable to raise any more cash on the markets and that the CORT funding is not yet in place. For the investor he/she is faced with the reality that their investment is worthless, unless of course they intervene. The discussion then develops to establish how much time TOM need to deliver the funding. The £100k will reflect the cash burn for that time. As for the price of 0.008p, it does not really make any difference. The investor cannot be accused of putting him/herself at a preference, if the CORT finance is delivered everyone will be happy and £100k is small beer, and/or there is just an outside chance that the gamblers thread will pile in on the 'signal content' and lift the price above 0.008p. A word of caution to the gamblers - that looks like the last call to me. No CORT financing and that is it. No more three years of strategic flip-flopping and frisking shareholders. The end game is close. Nothing to suggest that the company will not continue but it will be with new risk capital. On another topic any other MIAs detected recently? |
Posted at 06/6/2023 20:42 by lopodop TDMr Campbell the former senior partner of PKF Littlejohn would never have allowed a report to be issued on TOM's accounts, moreover he would have asserted to GROAT that TOM had no business - it was simply a costly expense operation largely to support excessive directors costs - all funded by investors who were mislead into thinking that TOM was a business, not a narrative set up. Anyway GROAT is fortunate in having a bunch of simple, naive and trusting investors who have been groomed into accepting whatever TOM threw at them. Interesting to see how this plays out - most investors will accept the script and few if any will challenge the Board out of embarrassment - the dear auditors who followed BDO .walked right into a NONSENSE scenario. So here is the ludicrous situation, Groat Potter etc walk away with investors' cash leaving PKF Littlejohns to be pilloried by the regulators. |
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