Tomco Energy Share Discussion Threads

[freedom97] 09/9/2021 10:28

goulding, Damac & Fishyneck have requested JP him to check what Damac & Fishyneck understand to be the correct answers to the questions asked. To make sure they have understood the answers correctly.

They just want to be sure before posting the answers here that what they have understood is correct.

It's no good them posting the answers if they have misunderstood the answer(s), that would not be good for us reading those answers as we would get the wrong understanding.

Hopefully, JP will replay to Damac today.

[goulding1215] 09/9/2021 10:27

I once sent JP an email, with 5 non-sensitive questions. One being who gets the revenue from the oil produced by the POSP, or CORT.

His reply was, you can’t expect me to answer those questions. SO, in my opinion, his opinion is not worth having. Sorry guys.

[maryhopkins] 09/9/2021 10:27

Can they persuade the market to suck up another con at 0.3p....doubt it....its finished....SELL!

[lb28] 09/9/2021 10:22

I agree with Goulding, your opinion of the details of the AGM does not need director approval.

[rmart] 09/9/2021 10:21

have to say i agree, having it authorised by JP means we will find out nothing.

[lopodop] 09/9/2021 10:18

TD
If Tom cannot persuade institutions, it is unlikely to remain
solvent and the next step is to appoint a receiver.

[wilson2] 09/9/2021 10:16

In other words it f--ed

[the diddymen] 09/9/2021 10:12

TOM's Board know that they need the cash. They would have denied it otherwise with a simple statement that the Company do not need to raise cash. It was not there.

Just a thought but it may be that they cannot raise the cash on a placing. Generally financial institutions are pretty sensible.

If that is the case then this is rather like an aircraft hurtling down the runway knowing that it will have insufficient speed when the tarmac runs out.

[thesageofsaint] 09/9/2021 10:11

What kind of nonsense is this. The two princes go to the AGM as investors wanting to find out as much as they can and ask searching and critical questions. They then apparently write up the summary and pass it back to the CEO for approval! Why? If there was anything that they had deduced that was exceptional and shed any light on the detail that is so opaque, old JP would not approve it because he could not as it would constitute insider information and could only be released under an RNS. So you will get nothing other than the same blather you have already. Those you have such faith in are either sycophantic fools (bizarre I know for John P) or just fools. Either way, the share price is letting you know.

[goulding1215] 09/9/2021 10:08

Well, the 2 big shareholders, Damac and fishyneck said they would write a critique of the AGM, and put it to John Potter for approval. I see no reason why JP needs to approve. The opinion of those 2 worthy gentlemen on their own, will be to the satisfaction of shareholders. The delay will be JP.

I say to Damac and fishynet, publish, in our democracy of free speech. Bypass JP. He is a director. We need your opinions, as major shareholders, not his. Shareholders need to know what was said at the AGM.

[maryhopkins] 09/9/2021 09:12

Massive dilution coming....SELL!!!!

[the diddymen] 09/9/2021 09:09

Fenners, the only potential impediment could be an insolvency clause in the licence. Nothing that is not insurmountable, but there is already enough as it stands to thrash the price to within a gnats whisker of zero.

Complete aside but I notice that some lady of the night appears to be touting for business on the PET board. Just about sums it up.

[saltydog2017] 09/9/2021 09:04

So how many of Tom’s passionate posters attended yesterday?

[lopodop] 09/9/2021 09:04

Face reality for once. No / little confidence in board. Uncertainty over successful project.
October approaching. This may be story's end. Some may find it hard to accept. Did the chairman's pre AGM RELEASE raise unwarranted hopes? What else has he or CEO stated that is based on hope value. Therefore the use of 'there can be no .... Etc' probably means 'unlikely'.

[fenners66] 09/9/2021 08:58

Hang on yesterday morning some were saying the early AGM statement had all the answers and it was really exciting , now you are saying that without some report back the share price is dropping ....

Yesterday buying and selling of the same number of shares, looked like a deliberate attempt to bring the price up in order to offload some shares. I said so yesterday.

Now there is no "event " to support narrative buying , the 2,000,000 sales are taking yesterday's gains....

[vauch] 09/9/2021 08:51

Well the lack of posting from AGM has had the desired effect to kill momentum yet again.

[thesageofsaint] 09/9/2021 08:41

Perhaps ask yourself whether there was another reason why the commitment date was delayed by a month. Get the AGM out of the way before they are forced to announce the funding is more problematic than first thought and to tide them by, a placing has been agreed. This can now all be done without the hysterics of a caravan full of brain dead PIs having to be faced.

[talais] 09/9/2021 08:39

Get ready for the bounce

[wilson2] 09/9/2021 08:34

It's going down because there's no reason for it to go up.

[lb28] 09/9/2021 08:30

The MM's can't play games, there is significant selling going on. 1mil there even cheaper. If it's dropping on good buying then it's a dog to be frank.

[talais] 09/9/2021 08:24

Mms playing there games

[lb28] 09/9/2021 08:23

Yeah but they are getting cheaper everytime which is pretty pathetic.

[talais] 09/9/2021 08:17

500k block buyer taking up all the sells, blue soon,gla

[vauch] 09/9/2021 07:59

Yep I did that yesterday.

[talais] 09/9/2021 07:55

Most probably load up first, then let us have the good news,