Tomco Energy Share Discussion Threads

[goulding1215] 07/6/2023 08:30

Both Damac and fishy have gone quiet. Would be interesting to hear their opinion to date and if they believe that TOM will crawl out of this total mismanagement.

[bungeetrader] 07/6/2023 08:14

Not much further. Another 0.1p, maximum...

[talais] 07/6/2023 08:11

How low can it go.!!,,

[rmart] 07/6/2023 08:10

0.1 to buy. Lol, well done to the bod !

[the diddymen] 07/6/2023 07:18

Market cap under £2m and £775k to convert at a 15% discount. As we have consistently said, it is not called death spiral finance for nothing. Shareholders should fear the next drawdown. The Board would hope that they will not need another draw down until they have some more narrative fuelling news. Hoodoo may complicate that hope.

For a nanosecond yesterday I felt sorry for the BoD having to rechurn the CORT idea. It felt distinctly underwhelming and you were not convinced that even the Board believed it.

[vauch] 07/6/2023 07:06

We where looking at 100% upside not long a go, now it's a 1000% needed

[fenners66] 06/6/2023 22:59

TD looks like that weighted average will drop much more in the coming days given the days at the start dropping out and the price / volume today...

A round billion shares to come soon?

TOM would be out of business if they had to still issue paper certificates to everyone...

[lukeisbackontrack] 06/6/2023 22:24

„All buys shown as sells, market cap will be multiple of current one, I would hate to be out this weekend”

In rmart we Trust

[the diddymen] 06/6/2023 22:24

Historically shareholders buying up free shares supported the higher valuations. The BoD played to the narrative and the share price became a self fulfilling prophecy. That changed in 2023. You could see shareholder sentiment shift even before the fiasco of signing off the accounts. Even today Vauch on the LSE BB has commented on the Directors not investing in TOM - as we have pointed out for years on this thread. For the auditors to sign off the accounts TOM signed up to Novum's death spiral finance. Shareholders now know that if they start to buy up TOM shares (self fulfilling prophecy) then Novum will start to off load the converted shares. In a way death spiral finance is the antithesis of the self fulfilling share price, and it has killed it.

It would have helped if TOM had had a proper business plan. Only £28m of aggregated losses and no feasible business plan.

[lopodop] 06/6/2023 22:01

It’s as if he has been drugged - or is completely crazy!
Some of these so called investors take the narrative as presented without question and then superimpose their own narrative to multiply it into a mind blowing fairy tale that even a monkey would challenge!

[fenners66] 06/6/2023 21:54

haggis there is no funding for $200m and a cort plant.
No one interested for 2 years or more
Interest rates have spiralled in that time.
The 28% that TOM are already paying for $1.5m would look cheap by comparison
and TOM have nothing of their own to offer.
CORT is dead , its not even dead in the water , its been hauled onto land and they are lighting the
bonfire now.
Its owners are leaving the stock market and cannot file accounts , exec directors have resigned...
TOM cannot get anyone to lend them funds to replace Valkor's 28%p.a. let alone fund $17.25m
As I said before they may as well extend the option to infinity no one is interested at 240x (Now 253x) the value Valkor paid for the land next door.

There is no profit to miss.

Major oil companies looked at the land and drilled it in the 1970's everyone that has touched it since has gone
bust.

Stop dreaming and consider a company that does stuff and makes profits to invest in instead.

[fenners66] 06/6/2023 21:48

I have to say the levels of delusion on the gamblers board are incredible.

Its as if they have decided to make it a parody rather than an investors board.

"haggismchaggis
6 Jun '23 - 17:56 - 30484 of 30494
What we have to hope, is that this deal allowing the seller to advertise the 90%, forces the hand of the funder to complete the deal ASAP.
We have a stunning poker hand and our cards are on the table. Either the funder puts the cash on the table, or they have a good chance of someone else grabbing the 90% meaning they miss out on all the profit."

I get that they are locked in , as someone already said it reminds them of Stockholm Syndrome , but its just beyond belief , so I hope it truly is meant as parody.

[lopodop] 06/6/2023 21:16

Wilson2
Given today's farce many may now question the exceptional remuneration costs of the Board having regard to how many years of utter failure and consequent losses bestowed upon innocent shareholders over many years.
Was / is the Board partly or wholly incompetent / reckless with the funds entrusted to them?

[the diddymen] 06/6/2023 21:10

Lopo, plus ca change etc!

[wilson2] 06/6/2023 20:53

Who remembers 0.7 a few months ago, the writing has been on the wall for years, the directors are thieves

[lopodop] 06/6/2023 20:42

TD
Mr Campbell the former senior partner of PKF Littlejohn would never have allowed a report to be issued on TOM's accounts, moreover he would have asserted to GROAT that TOM had no business - it was simply a costly expense operation largely to support excessive directors costs - all funded by investors who were mislead into thinking that TOM was a business, not a narrative set up.
Anyway GROAT is fortunate in having a bunch of simple, naive and trusting investors who have been groomed into accepting whatever TOM threw at them.
Interesting to see how this plays out - most investors will accept the script and few if any will challenge the Board out of embarrassment - the dear auditors who followed BDO .walked right into a NONSENSE scenario. So here is the ludicrous situation, Groat Potter etc walk away with investors' cash leaving PKF Littlejohns to be pilloried by the regulators.

[rmart] 06/6/2023 20:00

Interesting to see those buys over the water. Shows as sells but are buys, over 20m. The sells here are going stateside? Why?

[the diddymen] 06/6/2023 18:53

Potential dilution from outstanding convertible loan notes as at close of play 868m shares.

#deathspiralfinance