Tomco Energy Share Discussion Threads

[ducky fuzz] 18/8/2022 16:12

There is a trade on AQSE at 13.53 at 0.495p that's mid price.

[deb81e] 18/8/2022 16:09

Ducky, Mine was just before 2pm, and not showing, what the other exchange called?

[ducky fuzz] 18/8/2022 16:03

Hi DEB ..there are two 500k trades showing earlier.

[talais] 18/8/2022 16:02

I expect it will show as a sell, gl

[deb81e] 18/8/2022 15:59

My 500k buy not showing??

[talais] 18/8/2022 15:55

I hope it works on a large scale, that's what our funding for,

[fenners66] 18/8/2022 15:52

These stories have their believers and they continue for far longer than seems rational.
Some will keep buying the new issues to keep the directors in clover.

How many times have we read of internet based dating fraud , where people give their life savings to someone they have never met?

Its ridiculous , its irrational , but it happens.

[ducky fuzz] 18/8/2022 15:50

Hi Tal .. depends on how much risk you are prepared to accept.

I cannot understand why anyone would buy PQE. What have they got other than a method of separating oil and sand that may or may not work on a larger scale.

Clearly they have little chance of getting the money they need to progress on their own.

Anyway good luck to all holders whatever they decide to do.

[lopodop] 18/8/2022 15:46

PQE - end of story. TOM - nearly end of story.

[talais] 18/8/2022 15:45

A soon as the petroteq share price gets some momentum then some news pop up to take it back down, it's happened quite a few times over the past months, I think it's being played till take over, imho

[pooler1] 18/8/2022 15:34

All kinds of shenanigans goes on with shares. Always have always will, naked shorting was very popular at one time especially in USA. The authorities in most if not all countries are pretty useless in stopping them. Usually journalists are the ones who find them out.

[ducky fuzz] 18/8/2022 15:27

I wonder if PQE will get suspended till this is cleared up either way.

[talais] 18/8/2022 15:26

They might not have heard the news yet,

[ducky fuzz] 18/8/2022 15:25

I'm surprised 0.28p is holding for PQE. Only down 12.5%

[talais] 18/8/2022 15:23

Might see share holders moving into Tomco,

[fenners66] 18/8/2022 15:23

"Vauch
16 Aug '22 - 13:13 - 27529 of 27556

I wish PQE had finished the deal and I could have doubled my holdings in TOM"

You can wish all you like , but that's not investing , do you really think PQE will be bought for 74c a share ?
74c for the whole company maybe ... for the tax losses.

[ducky fuzz] 18/8/2022 15:22

I wonder if you could in theory put in an offer for any company, that is never going to happen. Wait till the share price reaches a high peak then SHORT the hell out of it before collapsing the bid.

Wonder if that's what happened with PETrel. 2p to 30p and back down to 2p.

[damac] 18/8/2022 15:21

"If there is no money to fund the takeover, then there is a suspicion that there may have been no intention of going through with the takeover from the start.

In such cases, it is often a matter of manipulating the share price of companies."



It has been viewed with much suspicion from the start by many on here.

[talais] 18/8/2022 15:21

Feel sorry for the petroteq share holders,

[fenners66] 18/8/2022 15:16

I guess what the dreamers cannot and wilfully will not see , is that PQE is entirely narrative based.

There is a massive takeover offer
There is a plan for 5000 bpd never proven to achieve 500
There is a purchase of a license , contingent on....
There is the promise of Jam tomorrow so please keep buying the new shares we issue.
There is the promise of jam tomorrow so please convert our debt to equity to keep us afloat.
There was a breach of regulations please believe its not happening again.
Shares were suspended from dealing by the exchange...

But the Balance sheet reality is they have lost over $100m of shareholders funds and show no sign of doing anything other than more of the same...

Now which other companies are narrative based ?

TOM
PET to name but 2

Who made the promise of £100m investment to PET?

Tamraz and Netoil - oh look they are linked with PQE - what a surprise.

It works for them, rinse and repeat , there are always more suckers.

[ducky fuzz] 18/8/2022 15:14

If I was a PQE shareholder sitting on a profit I'd sell at least half my holding.
Takeover might happen but I would be less confident after that article.

I suppose you have to think about whether PQE is a going concern if the bid fails.

Glad I'm in TOMco rather than PQE.

[fenners66] 18/8/2022 15:10

As if we had thought the takeover was ever going to happen !!

[fenners66] 18/8/2022 15:09

Partial translation of an alleged article referred to on the other thread....

Suspected forged documents bring an Oedheim businessman in need of explanation. An alleged insurance policy with which Zbigniew Roch claims to have secured the takeover of the Canadian-American company Petroteq Energy Inc. amounts to 450 million euros.

However: According to the issuing insurance company, the policy is fake. This could cause a construct to falter, possibly harming thousands of speculators and small shareholders.
A supposedly attractive offer

The German-Polish entrepreneur Zbigniew Roch is a respected citizen in Oedheim. He has lived there since the mid-1990s when he bought the Bautzen Castle in the center of town. In autumn 2021, a Swiss company that he controls, Viston United Swiss AG, submitted a takeover bid to Petroteq shareholders.

She offered 74 cents for each share via a subsidiary. A few months earlier, the price was four cents.

The question is whether Viston United Swiss AG is able to raise the necessary sums for a takeover. When asked where the funds for the transaction came from, Roch referred to its "filings" with Canadian and US regulators.
An unknown bank as lender

A bank in London called Uniexpress is listed there as the lender. She had been noticed in Turkey in the past in connection with forged insurance documents.

This time she first guaranteed for 420 million euros, which, according to the information submitted, was confirmed by the Royal Bank of Scotland. When asked by our newspaper, the Royal Bank of Scotland stated that it would not comment on this.
A key document in the takeover game

At the beginning of July, Zbigniew Roch then submitted another document to the American stock exchange supervisory authority SEC, which was supposed to guarantee the creditworthiness of his Viston United Swiss AG: an insurance document from Ergo-Versicherung, which covered a possible default of 450 million euros.

According to Ergo in Düsseldorf, this policy is fake. When asked by our newspaper, Roch only referred to two documents with the SEC, including exactly the ergo policy in question.

If such a key document is forged, a takeover bid would be called into question altogether, as the German stock exchange regulator Bafin generally confirmed to our newspaper. If there is no money to fund the takeover, then there is a suspicion that there may have been no intention of going through with the takeover from the start.