Has a smell of Petroteq about this now.
PQE suspended for ages and then delisted
Another Byle partner .....
He does very well out of his partners, bled them dry.
Too smart for TOM
Did not outsmart us though we saw through it from the start. |
Fenners if I remember correctly the other thread were going to demand an EGM. If they cannot afford to circulate a set of interims, they will not be able to afford an EGM.
The only question now is when to report 'honest failure'. The biggest determinant of timing will not be the shareholders but the personal impact on the directors.
As for thanking 'trolls' - forget it! |
31,447 mostly BS posts on the other thread and now possibly the most important event in the companies history
and they have nothing to say ...!
How about thanking us for our insight ? |
Fenners, the interims will be a matter of fact. It is strange that they cannot produce them for financial reasons and there may be more to this.
At face value it sounds as if my cash W-1 etc was fairly accurate and if the directors knowingly take on credit without the ability to pay then that would constitute trading whilst insolvent. Potentially the Directors would have to make good those liabilities. |
So this time they are suspended - not because they could not get the auditors to sign off the audit report (last time due to going concern considerations) ...
but because they do not even have enough cash to create interim accounts - when these are about as easy a set of accounts to produce as you can get as a quoted company.
Interms :- No income , some admin costs , lots of losses , get the previous set , change some numbers , delete some words , job done.
And the ACA on the board cannot be bothered ?
We said after the last fund raise , we thought it was flushing away good money after bad.
Of course the gamblers and apologists had a go at us. This bloke has invested a huge pile of cash - therefore he MUST know what he's doing.
We said , having money to burn does not make someone smart...
We seem to be very close to the end game ... we shall see. |
How can Groat keep the jobs when he is the common denominator and a CA ? |
Found it - an Eveining Standard article
Harland & Wolff share suspended
07:16 , Simon Hunt
Shares in shipbuilding business Harland & Wolff are to be suspended after the company failed to publish its annual results on time.
The firm said delays to its results were caused by “ongoing discussions with its auditors regarding revenue recognition relating to the multi-year and complex nature of some of the contracts under which the Company is working.”
It said its annual report was set to be published during the week beginning 8 July, more than a week past the deadline according to AIM rules, and that shares would be suspended until that time. |
What was that about Harland and Wolfe not producing accounts on time ? |
Someone on the gamblers thread thinks TOM can still raise even more money to burn !
For what ? Its not a supposed to be a charity !
They need money to do the interim accounts ?
Not like they could see that coming !
Pathetic
Nothing for the liquidators to sell either ?
So the official receiver - however that works. |
Can I go back on the other thread now |
Not a single relevant question will be asked. |
When the financing RNS does not appear and is replaced with the official receiver's appointment, shareholders need to be asking 'where was the key man insurance?'
A bit late in the day but the risk arising from the difficulty in raising cash, with reliance of a single employee, might have been persuasive to arrange key man insurance'. If not available then a note should have been in the business risks. But this is TOM that did narrative. |
Is the fat lady clearing her throat? |
Well at least the share price won't drop any more next week........ |
Groat, Phillips and Castro have all been CFOs of other companies and Castro is a Chartered Accountant, so I would be very surprised if they can't raise additional equity. Though strange that they haven't managed to already. |
Good night |
 28/06/2024 5:52pm
RNS Regulatory News
RNS Number : 4575U
TomCo Energy PLC
28 June 2024
28 June 2024
TOMCO ENERGY PLC
("TomCo" or the "Company")
Delay in publication of 2024 Interim Results
and Suspension of trading on AIM
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update in relation to its unaudited interim results for the six-month period ended 31 March 2024 (the "2024 Interim Results").
The Company notifies that it will not be in a position to publish its 2024 Interim Results by 30 June 2024, as stipulated by Rule 18 of the AIM Rules for Companies (the "AIM Rules"), as it is currently in the process of seeking to raise additional equity and/or debt capital to provide sufficient working capital for the group to enable it to finalise and release its 2024 Interim Results. The Company currently has very limited cash resources but is carefully managing its trade creditors and deferring Directors' salaries and all non-essential expenditure whilst it assesses potential funding options. Whilst the Board remains confident in its ability to raise such additional funding, it cannot be guaranteed.
Accordingly, as a result of the current funding uncertainty and impact on the finalisation of the interim accounts, trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 1 July 2024 pending publication of the 2024 Interim Results. It is expected that suspension from trading will be lifted upon funding being secured and publication of the 2024 Interim Results in due course. Further announcements will be made as and when appropriate. The Company is targeting the publication of its 2024 Interim Results as soon as practically possible.
Notwithstanding the suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules. |
RNS - the end. Well done Potter. And as for Groat the scrote - his other company H&W has failed to file accounts today as well! |
All locked in then for Monday's RNS. |
Well good luck.nobody can criticise you for that. |
Spot on again Fenners. |
I dropped 20 mill on the 26th |
Vauch has sold half at about the all time low.
but then
we get these empty words from one of the chief narrative peddlars...
"rmart
28 Jun '24 - 10:11 - 31440 of 31440
feel for you vauch. That must have been a large hit. Hopefully you will do well elsewhere."
Feel for vauch - I don't buy that for a second. Perhaps vauch should have always been looking to actually
INVEST elsewhere instead of gambling on this narrative.
rmart has presumably bought and sold the nerrative and would take vauch's cash to make profits from
it's as good as any other.
Anyone caring about others losses would not have been spinning the narrative at all , let alone
banning from the debate those that questioned it. |
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