Tomco Energy Share Discussion Threads

[thesageofsaint] 13/5/2022 08:50

Morning all. Good to see that the share price is slowly but inexorably coming back to fair value. Which of course is zero. The only thing in its way on this long march to realism is time. You still ramble on as though this is some bona fide business. EGMs, fiduciary responsibility (well you would not use that word of course), funding, oil production... The truth of the matter, which has not changed, is that this company is not in the business of creating wealth but the opposite of destroying it. At least £20m in the last decade or so. Still it has nothing but ponzi scheme promises. Entertaining nonetheless to watch from afar. Even those who seemingly has something other than straw between their ears have succumb to the mentalism. Hopefully in the 0.3p range soon. I may frequent a little more often to keep you all with an honest mirror to look into.

[lopodop] 13/5/2022 08:13

Stuart
With no disrespect how can you place trust in JP. Surely commonsense if nothing else demonstrates that he is unworthy of anyone’s support. The sooner he is brought to book the better. This nonsense has been going on far too long and needs an independent investigation of all involved parties including NOMAD.

[lopodop] 13/5/2022 07:45

Some here and elsewhere use the term scam. Surely BDO and Nomad would not act.

[stuart little] 13/5/2022 07:44

Vauch, by the time you action and arranged a date for an EGM we will be having the AGM. That's your/our opportunity. John has just returned from a 8-10 weeks stint in US. Now either he's got friendly with the landlady at The Morman Arms or he's been putting the boring stuff in place for the co2 wells, funding etc. For sure we could do with update, that's AIM all over, but for now john still has my vote.

[lopodop] 13/5/2022 07:40

VAUCH,
Challenging the nomad too should be on investors’ agenda - how long are they prepared to sponsor TOM - until the cash dries up??
THEY TOO should be in the firing line - agreed?
GOOD MORNING

[vauch] 13/5/2022 07:21

Only 10% of holdings needed to call an EGM and if this drags on much longer I will stat to ask who will be joining me to hit the target.
Wit so many of us now feeling the co cat be bothered with us holder's it is getting to that time when the co sees we can force their hand.
They need to understand we have the power if we act as one.
Any one with contact to the board could let them know what I am thinking.

[lopodop] 12/5/2022 21:15

Is BDO coming to regret its apparent passive role in this saga by allowing persuasion to override scepticism, the latter being the principle which it has a duty to apply in conducting its audits. Surely it must be aware of the current ludicrous scenario which does not fit sensibly alongside the aspirations of JP and could require effort at some future time in defending its stance.

Indeed some investors here carrying significant losses since BDO signed off on 31st March could consider approaching BDO’s senior partner and ask him if he agrees with his firm’s stance as expressed in the audit report. Further upon reflection and in view of the present scenario, does he consider that the report should be revised ie Tom does not have a viable business and is merely a loss making entity etc etc into which investors place funds for benefit of directors and advisors etc.

[thesageofsaint] 12/5/2022 18:53

Ouch the arch villain cannot keep up the pretence. Of course it is pathetic, all shams are in how they are able to defeat the mental acuity of the slow of mind and the greedy. It is all there for you dummies to see but either you are too wobbly in the head of have lost so much that you have to ignore the facts that keep on kipper slapping you in the face. 0.3p is way over priced. No assets, no hope, the only thing that keeps them going is cash from fools and the AIM governance oversight even the most corrupted countries and bought out leaders would be embarrassed by. Rumour has it that Zelensky, after his acting career dried up, applied for a job in the AIM governance and audit team. He was turned down because they thought he may be unable to follow the orders and his integrity could prove problematic. He was so piqued by this that he thought 'I will show them' and did a deal with Hunter and his dad and the rest is history. ???????

[lopodop] 12/5/2022 16:20

As mentioned so many times, take a look at the company managed previously by esteemed JP - delay / wait tactics - it will come good ..
He seems to be taking TOM down similar path and nothing will stop him. Investors are helpless and trapped! JP SEEMS to have magical powers of persuasion over all who have considerable doubts.

[fenners66] 12/5/2022 12:02

There is a rogue poster on the other thread whom rmart has not got around to banning yet.

Such negative comments as we know are not tolerated over there. In fact factual not positive comments are not even tolerated either, such as quoting TOM's RNS's.

So rmart should pull his finger out and ban this poster , they do not want to be awoken from their dreams...

"rmart
12 May '22 - 10:44 - 26711 of 26713

going into the 0.3s at this rate. PATHETIC TOMCO."

[goulding1215] 12/5/2022 11:52

Directors have responsibility to shareholders. These directors do not deserve heir salaries. I am presuming that work is in progress,unless we are informed we can not be certain.

[jaynealex] 12/5/2022 11:41

Tom has been through this type of cycle so many frustrating times

Laying out a plan with a schedule getting us worked up

Then going deathly silent beyond plan dates

Then eventually giving us a left field update

Having published plans with dates ..they should at least update us at those dates , good , bad or WIP

Silence is not golden !

[the diddymen] 12/5/2022 11:29

1d a really good analysis from a different perspective.

It is worth remembering that the last placing was off loaded onto existing and new investors at a healthy profit to Monecor. Central to the transfer was the strength of unchallenged narrative. On this thread we prefer to focus on facts and reasoned opinion.

The rest is history as those new shareholders now sit on a healthy loss as the unchallenged narrative wears thin.

[1dutchman] 12/5/2022 10:54

Or, completely turning this on its head, perhaps it would be appropriate for Valkor to take control of the company – since they are clearly setting the strategy, having an ‘insider’; position would at least require clarity as to their purpose, rather than being allowed to continue to obfuscate and mislead an inexperienced CEO, who in turn continues to mislead the Board and investors.

[1dutchman] 12/5/2022 10:52

The Board have trusted Valkor because they have had no alternative. But at this point, it must be clear to both investors and the Board (and associated advisors with their hands in investors’ pockets) that the company was mistaken to place all of its trust in Valkor and decline to hire independent expertise to review Valkor’s claims. Shareholders can’t touch Valkor (which is the beauty of the situation for Valkor), but they can work to ensure changes are made to strengthen to company’s performance. In short, the company needs new leadership, both on the Board and on the ground.

[1dutchman] 12/5/2022 10:51

This Board has allowed its strategy to be set by Valkor, as both the original CORT proof of concept and all of the subsequent efforts at diversification (drilling new wells and producing oil using a new, vague, recovery technology; awarding JP a contract to assist with permits whilst TomCo’s own accounts show that it has hired external consultants to ‘assist with permits’; resurrecting a long-dead, inefficient, 10 tbd ‘refinery̵7; on a license for which Tom owns a mere 10%; earning revenue by supplying sand to Vivakor….) all have Valkor at their center. That has happened because neither JP nor the Board has any experience in the industry or with bringing to market a new technology.

[1dutchman] 12/5/2022 10:48

It is a very broad (and incorrect) assumption that anyone who makes a critical comment about TomCo must not own any shares. As Fenners notes, there is a role for critics, either to raise red flags for new or existing investors, and/or to provide feedback to the Board (which, granted, is unlikely to read or heed these comments). Myself, I became interested and purchased shares in the company some 18 months ago when new, industry-experienced, board members appeared and a fundraising took place. Those experienced board members are now long gone and the company/technology has failed to achieve the goals that were set out for proving the technology at the time of that fundraising. Efforts since then have all been window dressing, apparently led by Valkor, in an attempt to keep alive a dead concept.

[1dutchman] 12/5/2022 10:47

Wow, even RMart has grown jaundiced. There is hope yet.

[rmart] 12/5/2022 10:44

going into the 0.3s at this rate. PATHETIC TOMCO.

[lopodop] 12/5/2022 06:56

BDO should not have allowed this entity to continue to breath nor too should NOMAD. But the desire for fees overrides rational and professional behaviour. It is incredible that BDO continue to buy into this - where are professional standards and COMMONSENSE. Thanks to naivety of investors, they can brush aside any concerns and rely on the blame game when the time comes. Have a good morning.

[fenners66] 11/5/2022 22:42

Chadwick123 so you are about to cross the road and see a car coming , decide against it , but the dude next to you looks about to walk across, maybe he's on the phone, no way are you crossing in front of the traffic , but I suppose you advocate to just keep your mouth shut and watch his chances of getting hit ?

Meanwhile his "friends" on the phone are distracting him and saying things like there's no way that car will hit him , just keep walking mate you'll be fine......

[the diddymen] 11/5/2022 22:18

There is good reason to comment because TOM is extremely high risk. In any walk of life you should never be worried by facts or well based comment; just respond appropriately.

[chadwick123] 11/5/2022 21:22

Don’t want anybody to lose money, but you and the rest of the trolls on here don’t mind causing worry and concern to genuine investors, who have put there well earned money into Tomco, why someone comments on a share there not invested in is beyond me.

[wilson2] 11/5/2022 20:29

It's a shame, I don't want anyone to lose money, but Tomco are no better than a phone call scam from India