Tomco Energy Share Discussion Threads

[rmart] 31/5/2021 08:56

Petroteq says the offer undervalues the company.

A good update from Tomco backing up the process success and including the sand sale possibilities could see Tomco on the road to a big re rate.

[ducky fuzz] 30/5/2021 18:32

Hi A .. I think you need to get out more lol. DF

[ajj2003] 30/5/2021 18:30

This may be the weirdest of all coincidences but the total shares owned by the top 4 if you assume that Valkor/SB have 20% is 43.2%.

That is almost exactly the same percentage value as the number of shares the third party are after (200000/465000) which is 43%.

It would certainly support the theory that Valkor/SB are behind the approach

[ducky fuzz] 30/5/2021 18:20

I wonder when / if we will finally get a good news RNS from TOMco. DF

[ducky fuzz] 30/5/2021 18:17

Wonder what the buyer will do with the shares they have accumilated.

[ajj2003] 30/5/2021 17:57

Top 4 have 37.5% by the looks of it so certainly makes attaining 200 million shares without any of their support a hell of a lot harder.

Only has Valkor as 14.3% so another 5.7% to add there as well assuming SB/Valkor have approx 20% so up to 43.2%.

[busamitch] 30/5/2021 17:48

Says from 05/28 03:59:33 pm and has right share price.

464,916,593 Total

Valkor LLC 60,624,666 14.3%
Bellridge Capital LP 41,334,246 9.76%
Petrollo Lp Corp. 30,678,571 7.24%
Aleksandr Blyumkin 26,441,054 6.24%
George T. Stapleton 2,450,157 0.58%
Anya Goldin 300,000 0.071%
Robert Dennewald 294,030 0.069%
Raymond Gerald Bailey 163,831 0.039%
James W. Fuller 20,000 0.0047%
Vladimir Podlipskiy 16,667 0.0039%

[ajj2003] 30/5/2021 17:17

Does anyone have the list of main Petroteq shareholders to hand as it should be easy enough to see if it is feasible to attract the required volume of shares without SB, Valkor and major shareholder support.

From memory say total of 450 million shares, SB has say 90 million (20%), therefore the bidders aim of 200 million is down to a max of 360 million already.

[ajj2003] 30/5/2021 16:58

Cannot imagine Valkor would sit back and let Petroteq be taken over by a third party, who they have no degree of control over.

[ducky fuzz] 30/5/2021 16:53

This potential buyer might force Valkor's hand.

[damac] 30/5/2021 16:24

‘Mandatory Offer’ threshold for Canadian listed companies is 20%, so Valkor must be currently just below 20%. So if it is Valkor, why don’t they just buy 1% on the open market and then make a mandatory offer to buy the rest of the company. And that offer would probably be a lot less than what this unknown entity is offering.

On one hand it makes sense to say it is Valkor because of no apparent due diligence being carried out by the unknown entity. Yet on the other hand it makes no sense as Valkor could snap it up cheaper, as mentioned above.

[ajj2003] 30/5/2021 16:19

If it were Valkor, then it would only need roughly 3/4 of the 200 million shares (43% of total shares) target to get a 51% stake in the company as SB already has 20% himself from a previous deal I believe.

[jaynealex] 30/5/2021 16:03

Damac .. true but a buyer would probably be alot more cash rich than Petroteq , which would affect the level of competition

Mind you if Petroteq had its wits about it , it might be looking for a white knight here to do a JV ... But it may be too late for that

The predator is moving very quickly , leading to the questions about how it's got the info to act so decisively

Which in turn leads to the speculation it could be Valkor

[ducky fuzz] 30/5/2021 12:35

I wonder if some sort of merger with PQE would have worked.

[ducky fuzz] 30/5/2021 12:28

Can I be the first to predict no RNS tomorrow. DF

[damac] 30/5/2021 12:22

jaynealex #19310

As things stand Petroteq is the competitor anyway. They intend (subject to raising funds) to go ahead and build plants elsewhere. So if some company (other than Valkor) were to buy Petroteq, there would be no change to the current situation.

[ducky fuzz] 30/5/2021 10:46

Probably an exciting week ahead of us. Let's hope it's a positive experience. DF

[lopodop] 30/5/2021 09:47

Has Tom invested in Petroteq?

[lukeisbackontrack] 30/5/2021 00:01

Rmart and his story.. Tommy is rising lol pmsl

[lukeisbackontrack] 29/5/2021 23:56

Tommy raises hahaha, what a dopey

[wilson2] 29/5/2021 22:51

Go to bed rams

[mikecoster] 29/5/2021 21:57

https://www.bbc.co.uk/news/business-57282008

[wilson2] 29/5/2021 21:51

What I say is not gossypol

[busamitch] 29/5/2021 21:19

Yes, we don't want the potential PQE acquirer to announce they've also acquired the prospective TOM lease which has just fine-tuned the POSP for the FEED.

[jaynealex] 29/5/2021 20:59

The good news is that it looks like it confirms it's all a goer ...Greenfield needs to get some leases and finance for plants