Tomco Energy Share Discussion Threads

[pennstreet] 29/11/2022 15:03

The expiry date may get extended

[digger2779] 29/11/2022 14:24

Talais28 Nov '22 - 12:17 - 28799 of 28804
Vauch29 Nov '22 - 08:20 - 28800 of 28804

Why would they want to exercise the 388,888,888 warrants @ 0.9p if the current share price is 0.45p? They would be immediately losing 50% or am I reading this wrong?
I can understand the 46,666,666 warrants to NSL at 0.45p as they would be getting them slightly cheaper than today's offer price.

[thesageofsaint] 29/11/2022 10:11

But the nail you just son failed to hit on the head is that they have no care for you. They despise shareholders, you have only one purpose, to be daft enough to hand over your money for them to pay their lavish salaries and expenses. Your job is done, now shut up and be quiet.

[thesageofsaint] 29/11/2022 09:12

You really have no clue. What on earth are you doing putting your limited means into this scam, when you have no understanding of what you understand or write. These warrants are irrelevant. They were never going to be taken up at 0.9p, please. The chunk of change warrants tossed at the broker for a low probability second payment day, are priced at 0.45p so they are never going to be taken either. Finally, other than you lots talking to yourselves, nobody else is interested or aware of this money loss scheme you cultists are so invested in. The expiration date of some gimmick means nothing. The only meaningful matter is the soon to be announced extension of the loan, which you will again convince yourselves as a good thing and riches are just another RNS away. Pitiful really!

[danmart2] 29/11/2022 08:52

This has gone to far now

Vaunch is now begging them to do as they said at the AGM despite TOMCO not doing what was said (or what he thinks they said) since April.


This is going to turn nasty

[vauch] 29/11/2022 08:20

I look forward to the real uplift in share price tomorrow as warrants would have expired by 8am
removing the block of any substantial rise.
It has been a long time to get to this point and from tomorrow I expect the co to start moving us along with news.
If you are sitting down and reading this on the loo then please be true to your word at the AGM.

[talais] 28/11/2022 12:17

The PlacingThe Company has raised GBP3,500,000 (gross) by way of a placing (the "Placing") of 777,777,777 new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Placing Shares") at a price of 0.45 pence per Placing Share (the "Placing Price") through Novum Securities Limited ("NSL"), the Company's broker. The number of Placing Shares to be issued represents approximately 115.5% of the Company's current issued share capital.Every two Placing Shares have one warrant attached, resulting in the issue of 388,888,888 warrants, with each warrant having the right to acquire one new Ordinary Share at an exercise price of 0.9 pence for a period of two years from the date of the admission of the Placing Shares (the "Warrants"). If the Warrants are exercised in full, this would result in the issue of 388,888,888 new Ordinary Shares raising a further GBP3,500,000 for the development of the Company's business, and which would represent approximately 26.8% of the Company's issued share capital as enlarged by the Placing.The Company has also issued, in aggregate, 46,666,666 warrants to NSL, giving them the right to acquire such number of new Ordinary Shares at an exercise price of 0.45 pence for a period of two years from the date of admission of the Placing Shares.

[pennstreet] 28/11/2022 12:16

Thanks Talais

[talais] 28/11/2022 12:13

Last is tomorrow,The Placing Shares will rank pari passu with the existing Ordinary Shares and application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the 777,777,777 Placing Shares will commence at 8.00 a.m. on 30 November 2020.

[pennstreet] 28/11/2022 11:55

When do they expire?

[vauch] 28/11/2022 11:44

once warrants expire we will get a good uplift as no more dilution from that proses

[the diddymen] 28/11/2022 11:06

Fenners it is a car crash if they do not get some resolution pre-Christmas.

The Warrants concoction will unwind this week followed by an extension on the Valkor loan.

[fenners66] 28/11/2022 10:38

Looking forward to the ambiguity of the Jan 2nd RNS , extension to the time limit for spending another $15m on TSHII already.

If it really was worth the cash the deal would be off with their failure to raise the funds and someone else buying it - BUT
its not worth 240x the value Valkor paid for the same prospects next door.
So the huge can will get kicked...

[pennstreet] 28/11/2022 10:04

Sounding desperate lol

[danmart2] 28/11/2022 09:50

fenners66,

I can understand why long term investors are essentially stuck in the stock, no point selling if your facing 95% plus losses.

However, for any new investor even a gambler to invest in TOMCO with everything that has been discussed is mindless.

Back in October TOMCOs success was a 40/1 chance
This month I made it 50/1

If no funding appears in the next few days then I will have to make it 100/1 to get the punters interested.

[fenners66] 28/11/2022 09:43

Another month end another hope for good news from the gamblers.

Now we can see the justification for stringing this out month after month.

Each time gives an opportunity to lure in some more chancers.

Only to receive the endless , can kicking.

But next month the can that gets kicked down the road gets much larger....

Funny how the gamblers have not mentioned WTI being back to last December's price - but since TOM have no oil and no way to get any its irrelevant anyway.

[zooskeeper] 28/11/2022 09:28

If we have some buyers….

[talais] 28/11/2022 09:15

Looks like it ready to pop

[pennstreet] 28/11/2022 08:47

Barclays will take 4m online. MMs want stock !

[talais] 26/11/2022 12:08

Valkor Environmental LLC

[talais] 26/11/2022 12:07

Araca Energy ASA meeting on Monday at 12 o'clock uk time,If all are pasted how long will it take for the buyout of valkor to go through,

[murphyl] 25/11/2022 19:18

Fenners66, you have only posted once since 0802 on the 22nd Nov. Three days without one single post. Why not ?