Tomco Energy Share Discussion Threads

[ajj2003] 30/10/2021 12:35

Do not forget your Valkor insurance policy against a takeover DF ;)

[ducky fuzz] 30/10/2021 12:25

There was quite a lot of TOMco buying last week which is encouraging.

I do wonder whether a big oiler would look at TOMco with a view to a
partnership / takeover.

If the PQE buyout is genuine then TOMco must be of interest.

[goulding1215] 30/10/2021 11:23

WTI CRUDE •13 hours 83.57 +0.76 +0.92%
BRENT CRUDE • 83.72 +0.06 +0.07%
NATURAL GAS • 5.426 -0.356 -6.16%
HEATING OIL • 2.479 -0.006 -0.25%
Click Here for 150+ Global Oil Prices Link

Looks like WTI CRUDE on a par with BRENT CRUDE, most expensive oil on the market. Don’t forget the sand!

[goulding1215] 29/10/2021 17:12

Nice big buy after hours. 7,500,000 @.615

[minja19] 29/10/2021 13:31

that's not the mm's, that's the algo's going by the mid.
right now at 13.31 you can sell for .60

[vauch] 29/10/2021 13:24

MMs at it again putting the mill buy in the sell column

[ducky fuzz] 29/10/2021 13:01

Currently 0.6p to buy or sell online.

EDIT .. Now 0.6P sell and 0.62p buy

[vauch] 29/10/2021 12:22

Because you lot have not a clue!

[wilson2] 29/10/2021 12:12

Why's it going up ?

[ducky fuzz] 29/10/2021 11:17

Online it is 0.5778p sell and 0.5988p buy for 1 Mill.

Price 0.57p and 0.6p

[the diddymen] 29/10/2021 10:46

Last time the share price looked wobbly someone came in and placed 2 x 5m bets. This time it is 3 x 2.5m.

This share price is on life support.

Where is reichsmart when you need him?

[fenners66] 29/10/2021 10:31

Now I am reading the "offer " I see the other thread did not understand it !

No surprise there...

They think the offer is for 50% +1 share !

The offer is for the whole share capital , but the conditions state it will not happen at all unless they get to 50% +1 acceptances...

"Minimum Tender Condition. In order for Shareholders to be able to receive the Offer price for their Common Shares, at least 50% + 1 of the issued and outstanding Common Shares on a Fully-Diluted Basis must be deposited under the Offer prior to the expiry of the initial deposit period."

Understanding that is just BASIC.....

[fenners66] 29/10/2021 10:28

Does go on to be damning about Petroteq's performance to date though...

"Driven a Significant Destruction of Shareholder Value." ... never seen that before... oh wait on.

"Inability to Increase Earnings or Achieve Profitability"... actually that one is not new either...

"Capital Structure Mismanagement:" unheard of .... or not.

Petroteq had accumulated a deficit of US$(97,047,409),

The point of highlighting those figures (and the gamblers and apologists will never understand this) is that every $ invested in Petroteq would have come with the promise of jam tomorrow.
No one throws that much money in believing its going to fail.
Everyone thinks this time its different.....


But it wasn't !

And no doubt every gambler here believes "this time its different"

[ducky fuzz] 29/10/2021 10:27

So 3 x 2,500,000 trades at 0.57p. Are all 3 trades buys? Or is it just one buy trade
put through three times. Has to be at least one buy as the share price went up.

[the diddymen] 29/10/2021 10:26

Background music F66!

[fenners66] 29/10/2021 10:21

Interesting to see in the "offer document" the full 75 page job, it starts by stating
"by 2869889 Ontario Inc., an indirect, wholly-owned subsidiary of
Viston United Swiss AG"

Which is registered at Haggenstreet 9, 9014 St. Gallen, Switzerland.

But then they go on to talk about "Viston" being created since October 2008.

However there is another company actually called Viston AG so should not be confused....

"Viston AG, previously in Zurich (SHAB No. 22 of January 29, 1987, page 355). According to the public document of the Extraordinary General Meeting on November 14, 1990, the seat was moved to Feusisberg. The statutes have been revised accordingly. The purpose of the company is to operate an artist agency for the placement of musicians, orchestras and artists from and in Switzerland, from and to European countries as well as from and to overseas countries, etc. The original statutes are dated June 30, 1971 "

Etc......

Surely the 2 would not want to be confused.

Error ?

[ducky fuzz] 29/10/2021 10:17

If I was a hostile bidder for PQE and the share price is where it is I would be buying in the market up to the allowed 29% holding. At which point I would go hostile for the remaining 22% before going after the 49% balance.

Edit thanks Fenners for the clarification of takeover rules. I'm still learning.

[ducky fuzz] 29/10/2021 09:49

Could this mystery buyer be ....... Petroteq itself. Knowing it is screwed it is trying to entice a bidding war / attract a wealthy partner?

[fenners66] 29/10/2021 09:39

I have been looking into this "offer" for Petroteq.....

Firstly we are always told , "if it looks to be too good to be true, it probably is"

So the shares are not trading on the TSX currently suspended, but would be 19.5c
The "offer" is 74c !

The offer website even says it is "1,032% over the TSX-V volume-weighted average price " of the 52 weeks

Goes on to say since the company is a basket case, not accepting the offer would be a risk.....

There is a ONE page website to disclose the offer details.


Viston United Swiss AG has a ONE page website with no mention of any previous accomplishments by name. No clients quoted.

It does say its into Green Energy but gives no detail of any project.

One director has signed the offer notice.
Their registered office in St Gallen , looks on Google Streetview like a residential apartment block.

Previous Filings for Viston Ag - talk of activities of it

"The purpose of the company is to acquire, establish, administer and manage investments in finance and real estate companies in Germany and abroad. It can broker the purchase and sale of other companies and lead, manage and restructure other companies, as well as acquire, manage and dispose of securities, intangible goods and capital investments. Providing all kinds of services in the field of investment and management of assets." etc

No mention of energy etc.... ok so companies change .

The set up seems very light on detail for any company actively engaged in Energy

Even less detail than say Netoil.....

What could the purpose of the offer be at this time..... ?

[hotfinance14] 29/10/2021 08:37

Only 10 working days until the deadline date of the 15th November. In my opinion the closer we get to the 15th the less chance that the funding will materialise and therefore anther delay.

[jaynealex] 29/10/2021 08:33

Glad you confirmed that Damac ..the licence protection

I'd like to see a bidding war for pqe and a big oiler swooping in at the last minute with a big bid to trump everyone

That would put Tom on the map and put the price somewhere handy

I'm feeling all Everly brothers this morning !!

[the diddymen] 29/10/2021 07:44

Damac the key question on insolvency is whether PQE put an insolvency clause in Greenfield's licence. If there is one that will give significant protection to TOM.