Tomco Energy Share Discussion Threads

[lukeisbackontrack] 02/11/2022 18:08

Choo Choo to The moon. Santa rally is coming to town. All the buys showing as sells, now confirmed by Rmart and team.
In Tomco we trust

[1dutchman] 02/11/2022 15:39

Indeed, Lopo, and the share price has remarkable staying power despite all of the negatives. The company should be valued at no more than the value(?) of the listing less debt. If it had institutional investors, there is little doubt it would be at that level. But the retail investors continue to mop up the declines. So on the one hand the company is cursed by the lack of institutional investors - without their credibility, no one (apart from scammers) will fund Tom's nonviable plans. But on the other hand, those same retail investors keep the company propped up, year in and year out. There's no one to complain, so the ICA, LSE, etc. see no need to intervene. Besides, the company has kept itself safe by ensuring they haven't taken on the advice of independent experts. So were any serious party to bring charges, the Board could just plead ignorance, which would be the one thing they've got right. JP and the Board know that all they have to do is keep some type of storyline going and they'll be kept in clover. It's ironic, but were Tom to be successful in a big fundraising, JP et al would likely find themselves out of a job, as any serious investor(s) would seek to install some expertise. What a world.

[lopodop] 02/11/2022 11:08

1dutchman
The story has been made to run on by likes of DAMAC, MART and LITTLE - why?
AS THIS IS LED BY 2 CHARTERED ACCOUNTANTS it is quite likely there will be an investigation by ICA which will be revealing and end ANY DOUBT.

[1dutchman] 02/11/2022 09:36

Fenners - What is likely to happen? Yet another extension. Unless the TSII owners have other offers (Vivakor?) in the wings, they've got no better option of disposing their mound of sand than hanging on and hoping for a stupid investor to materialise. And they certainly won't have any offers anywhere near the exorbitant price agreed by JP. Still, they are Utahans and so perhaps a little more realistic than other dreamers associated with these various ventures. After sitting on this asset with little to show for some 12+ years, perhaps they are prepared to renegotiate and participate in the latest fantasy: an in situ drilling plan that is 100% likely to pump up the rampers and dreamers, because Valkor's newsflow is sure to be positive irrespective of the real results. They've got form. So this sad story is poised to run on and on. What will be interesting will be to see how Tom investors get milked with each kick of the can.

[fenners66] 02/11/2022 08:10

Over a year ago I asked what happens when they cannot pay the 90% ? The idea of them not paying was ridiculed by the usual suspects at the time, Now that is approaching rapidly, so what does happen?

[danmart2] 02/11/2022 07:55

There’s unlikely to be any further developments before the end of Nov (unless they pull off the 40/1 shot and pull funding out of the bag).

[murphyl] 02/11/2022 07:50

Diddyman , posting last night at 2115 and first thing this morning at 0707.Are you feeling ok. For a non shareholder you spend an awful lot of your precious time, on this board. Why don't you do something positive with your life, like helping your local community or helping young kids with their reading and writing.You seem to be good at writing, so put that to better use.Are you worried about something?? I think you are,hence all your posts.

[the diddymen] 02/11/2022 07:07

Tick tock.

[the diddymen] 01/11/2022 21:15

In the case of TOM funding should really be the direct responsibility of the Chairman when you only have one employee.

This is where Groat earns his penny. If TOM has a soft loan and on the assumption that any sensible lender would insist on more capital, then he needs to be selling TOM to the institutions. The problem, as has been pointed out ad nauseam on this thread, is that the narrative will just not stand up to any DD.

[lopodop] 01/11/2022 17:30

Enough is enough is enough - this nonsense has been allowed to go on and on by many a naive and simpleton investor. Ask why you have allowed yourselves to be so dragged along by a John Potter when the warnings have been given over and over since 2021.
Tom has to be brought to heel. The non executive directors have failed all of you.

[1dutchman] 01/11/2022 15:47

Re: Haggis et al believing that funding will follow permit approvals, I would be curious to understand the logic. Yes, it is quite likely that an investor would make funding contingent upon permits (amongst many other triggers) but that can be clearly stated in the RNS. And always is, for the many companies that have found themselves in that position. For Tom to have secured funding but keep schtum until after permits would be withholding market sensitive information. And who is to say that any funder and assorted hangers-on would keep that sensitive information to themselves? It is for that reason that it is always announced. Alternatively, think about it from the perspective of the funder. Surely they would want to see the permits approved. They will have done their own DD on the technology and be keen to see it go forward. Announcing 'subject to' funding would only help with the permits, as it would give the Utah Board some confidence that these drilling and production plans are something more than just 'a wish'. All of which is to say, it is very unlikely there is a grand funding RNS waiting in the wings. The much more likely scenario is that these delays are meant to allow time to build a story so that Tom can come back and yet again pick shareholders' pockets.

[2figaro] 01/11/2022 14:51

Both meanings are different and relevant.

[busamitch] 01/11/2022 14:01

2figaro, don't be tautologous. I believe "arrogant" and "supercilious" may be superfluous to your argument. Just use the filter.

[vauch] 01/11/2022 13:59

Im amazed any of you read his garbage, I have him on filter from years back

[gmb359] 01/11/2022 12:28

Thesageofsaint Quote "I LIKE seeing you lot run around losing your money on this scam"

you are a disgusting individual if that is the case. I don't post on here. I have been in this stock for 15 years and lost everything £50K.

People invest and it is a gamble, (and this one I seriously regret) but to take delight in others losing their money is utterly disgusting. Words fail me!!

[vauch] 01/11/2022 11:44

The cat is on the prowl again

[thesageofsaint] 01/11/2022 10:26

Heyyyy I thought we were pals! I have never used language like that. You need to apologise again!

[thesageofsaint] 01/11/2022 10:16

Dear me, quite the petty outburst. I post here because I like seeing you lot run around losing your money on this scam and deluding yourselves you are enlightened. Call it a practical social experiment. The thesis is most people are gullible dopes that will believe any old lie as long as they think they will benefit from it. QED, TOM is the place to come to watch the participants.Try not to use such unsavoury language. I know you are losing lots of money and you are stressed, but at least your CRO and cronies are still getting paid handsomely, so it is not all bad. You have a good day.

[vauch] 01/11/2022 10:11

Cat and mouse that for sure

[vauch] 01/11/2022 10:07

Minja, you don't have to stupa to his level with the last two words.

[vauch] 01/11/2022 10:05

Where is the correction statement, Diddy?

[the diddymen] 01/11/2022 09:42

If gamblers believe that SB's inadvertent 25% comment had no meaning then think again. Lalaland are hanging on to it as a sign that the deal must be done. Ask yourself whether you could sue for losses on the basis of what he said. No you could not, he has corrected it.

The other hackneyed excuse has come up - it must be the delay in the signature on the permits.

No. If there is a friendly deal on the loan, however friendly it will still need a significant equity injection. One man in a smoke filled Utah room is not going to cut the ice. TOM effectively has no assets. It has overpaid for the land. There is an uncertain extraction process that is anything but green. It has no in house capacity whatsoever to execute the mechanics and new equity will have to rely on the other nice men in that smoke filled room in Utah.

It is not going to happen.