Tomco Energy Share Discussion Threads

[lopodop] 20/9/2021 09:47

Fenners
Possibly the seller saw JP coming and in excitement JP AGREED. BUT WHY DID NON RXECS NOT STOP THIS?
If the land and plant project does go ahead, the lead time is likely to be a great deal longer than is surmised by some here with usual delays and hiccups. TOM is a very small business and it has mountain to climb. Logically a long wait for shareholder rewards.

[fenners66] 20/9/2021 09:16

No one has offered a solid Reason why they needed to pay $300k non-returnable option to purchase fee for the land that no one has wanted to buy for the last 5 years.

Too many on the other thread just accepting that it made some kind of commercial sense without scrutinising it.

TOM have not said , we need to do this because co . a, b or c would buy it instead.

Petroteq clearly did not have the funds to improve their POSP , they needed Valkor.
Valkor did not have the funds / or want to commit so they got TOM in to pay the $1.5m for it.
Now Valkor don't want to continue the partnership any further.

So they do not look like well funded companies on the point of making the deal.

So why pay an option fee and set the time clock ticking in the first place ?
That option fee of $200k should have been it.

If there was another buyer waiting , the land owner says , " Tough luck, you had 3 months , you had your chance, now we sell it to the other interested party and we have made $200k as well

I beleive the original owners of the land went bust as well. Don't know the financial position of the current owners , but its likely to be poor.

Getting $200k for absolutely nothing goes a way to help.

But instead they extended for another $100k.

WHY?

More easy money?
Only one company interested?

What if they do not get the finance.....?

[fenners66] 20/9/2021 09:05

No one buying the shares , means no demand.
What that poster needs to realise is share prices are a function of supply and demand.

Even thinking that the only people ever interested in this company are readers of these boards (ridiculous !) there are still likely a majority of posters who think this is their get rich quick share...

We shall see....

[lopodop] 20/9/2021 08:34

Sue999
The task before TOM is enormous. The chances of pulling it off are ??

[the diddymen] 20/9/2021 08:21

Oh dear someone else who believes that market prices are set on bulletin boards:

sue99920 Sep '21 - 08:07 - 22448 of 22448
0 0 0
So these guys on the other thread managed to halt the price going up.I still believe that they are employed to do this OR they are CFD traders.

[wilson2] 20/9/2021 08:16

No trades yet , says it all .

[sue999] 20/9/2021 08:07

So these guys on the other thread managed to halt the price going up.I still believe that they are employed to do this OR they are CFD traders.

[lopodop] 20/9/2021 07:49

VAUCH
What is the easiest course for the Board - add a further $100,000 to land seller's coffers. Better to lose $300,000 than have unsuccessful placing or severe cash issues. Of course if deal pulled the abortive costs number is quite high if the legal and technical charges are added. But at least time for rethink and to work through different approach.

[the diddymen] 19/9/2021 18:54

Two working weeks for TOM to demonstrate their cash fire power/the fudge factor/risk appetite.

[ducky fuzz] 19/9/2021 12:06

Should get the purchase of Tar Sands next week.

Strange sell off on Friday.

[chadwick123] 18/9/2021 20:10

What a plonker

[wilson2] 18/9/2021 20:01

There's no land, no money , this is the end of tomco

[lopodop] 18/9/2021 09:02

More delay?

[ajj2003] 18/9/2021 08:37

https://www.petroteq.com/Petroteq Provides a Corporate Update Download as PDF September 17, 2021 9:00am EDTSHERMAN OAKS, CA / ACCESSWIRE / September 17, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE)(OTC PINK:PQEFF)(FRA:PQCF), an oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, provides the following corporate update.As previously announced, the Canadian cease trade order has been revoked by the Ontario Securities Commission, but Petroteq remains subject to a TSX Venture Exchange (the "Exchange") trading suspension. The Company and its management are working on the Exchange reinstatement application and will update the market as soon as possible. Unfortunately, the exact timing of this process is not known but the Company is working as expeditiously as possible to conclude the process. Petroteq is current in its filings under section 13(a) of the U.S. Securities Exchange Act of 1934; its annual report for the fiscal year ended August 31, 2021 is not due until November 29, 2021.Dr. R.G. Bailey, Chief Executive Officer, commented, "We are diligently working on the reinstatement application process and I will do my utmost to ensure that all procedures are followed properly and in a timely manner".

[vauch] 17/9/2021 10:44

Or will they plan to lease the land to TOM for a royalty.

[vauch] 17/9/2021 10:43

Has this been mentioned before.
Valkor had the licence agreement and then it was transferred to Greenfield.
So if Valkor plan to go it alone will it now cost them a lot more for each licence and a heavier royalty.

[wilson2] 16/9/2021 19:43

Amazing that the derampers thread is now more popular than ramping

[the diddymen] 16/9/2021 15:42

Hydrogen will be relevant at some point but it will not be that quick! The study I saw estimated that the grid capacity needs to be tripled to be able to deliver the renewable/hydrogen economy. That begs a few questions.

We have a long way to go and 2050 is looking very optimistic.

[vauch] 16/9/2021 15:28

Nah, just giving an idea of what may be next.

[goulding1215] 16/9/2021 15:27

No trades on PQE.

[hotfinance14] 16/9/2021 15:22

I don't think that tweet is from the official PQE tweet account,