Tomco Energy Share Discussion Threads

[lopodop] 12/8/2022 15:08

Will Viston have similar fun and games with TOM.

[lopodop] 12/8/2022 14:57

Wilson2
When you say TOM is finished etc, did the business ever start - it’s just a long tale of mistakes made by a variety of different BOD members, all of whom have been rewarded
at the expense of serious investors. BDO the company’s auditors have been blacklisted by the powers that be and it is likely that the accounts will be scrutinised by the regulator so it will be interesting to see what their reaction is to the adequacy of the audit and in particular whether they were too accepting Of the board’s representations. No doubt the former NED’s who left after a short stay may have views to express on the situation. What a mess!
Had BDO applied scepticism in their audits, they would quickly have concluded that the chances of raising the funding were zero. Therefore Tom was not a going concern etc etc etc. and the sands ‘project’; was untenable. Did BDO bow to ‘pressure̵7; from JP or for that matter did JP make representations that were ‘wobbly’.
In effect he has been spinning a yarn or two or three to investors and may be to the non executives. Promises which never seem to materialise.

[the diddymen] 12/8/2022 14:02

Lopo, providing they can stuff shareholders for another placing they are temporarily solvent again. It will depend on when the shareholders wake up to the never ending cycle.

[vauch] 12/8/2022 13:50

I wonder if the wifi has been fixed in the toilet yet

[vauch] 12/8/2022 13:49

Not for a couple of more weeks yet Ducky

[ducky fuzz] 12/8/2022 13:40

Well nearly the end of another boring week. Will we ever get some excitement?

[ducky fuzz] 12/8/2022 13:12

Hi d .. Glad I got a lol. Thanks.

[ducky fuzz] 12/8/2022 12:47

Hi damac .. 400k would be quite a big top up for me. But I guess for you its just cancelling the wine order for a week and not taking your land rover to pick up your usual order of Stella :-)

[fenners66] 12/8/2022 12:22

If you mean do I think the "takeover" is not going to happen.... yeah its pretty obvious.

I looked up their premises on Google at the start it looks like a house in St Gallon (if I remember that correctly) and it did not look like the source of $100's m.

Also there is very little internet presence a trait in common with the Failed takeover of another basket case PET by Tamraz , Netoil and friends, noted and said that at the time as well.

And what a coincidence we have those familiar names now talking about getting involved with Petroteq.

The modus operandi ?
Pick a basket case company , with a narrative that has only been kept on life support by willing shareholders putting in more cash.....

Small world.

But don't worry , PET's LA LA LAND board did not take any notice either.......

[ajj2003] 12/8/2022 12:15

Good luck with your top up damac ;)

[lopodop] 12/8/2022 11:49

Swiss are simply playing games - what is their ulterior motive - pretty obvious don't you think?

[fenners66] 12/8/2022 11:15

"Petroteq Announces Proposed Extension of Private Placement Offering"

Is the title of their latest announcement

I read through it expecting to find its moved from "this date " to " that date"

instead I haven't a clue if the original date was "is anticipated prior to the end of August, 2022." or if that's the new ambiguous date range.....

Why are all their missives so ambiguous ?

[wilson2] 12/8/2022 10:33

Tomco is finished, please get what you can out now or lose all you have invested

[bungeetrader] 12/8/2022 09:59

Make sure you lean your head to the left ducky....

[damac] 12/8/2022 09:55

Lean your head to one side lol

[ducky fuzz] 12/8/2022 09:54

What the ; the o and the ) .. didn't look like a winking emoji to me.

[damac] 12/8/2022 09:50

I thought the winking emoji at the end would answer that question.

[ducky fuzz] 12/8/2022 09:43

Hi damac .. are you buying or guessing?

[damac] 12/8/2022 09:36

Both 200k trades were buys ;o)

[lopodop] 12/8/2022 09:23

TD
GIVEN that Tom appears in reality to constitute a bankrupt business no less, notwithstanding all the glitter showered upon it by those who should know better, the BOD should be advised to STOP all emoluments payable with immediate effect and appoint a receiver to sort this business out once and for all and STOP messing with innocent investors.

[fenners66] 12/8/2022 09:12

"Ducky Fuzz
12 Aug '22 - 07:55 - 27486 of 27488

Can I be the first to predict another extension to the Valkor loan repayment at the end of August please."

No.

We beat you to it by about 9 months .....

That is, when they announced it was costing 28%

[fenners66] 12/8/2022 09:08

In my last post re PQE

"I suspect those than can will use the spike to exit." Share price then was about 34c

It closed near 28c having been back down to 26c after a raft of sells.

I suspect that was exactly as guessed , lots using the spike to exit.....even given the supposed offer on the table of 74c

Some on the other thread still awaiting their big pay day ?

[the diddymen] 12/8/2022 08:55

The other thread still have not grasped that financing can all be arranged and disclosed 'subject to' issuing of permits or whatever.

When it is evident that TOM as constituted will never get the funding, it is easy to predict that it will not be this year, not even August.

The financing costs will put pressure on the one man band to get another placing away as soon as possible.