Tomco Energy Share Discussion Threads

[fenners66] 17/7/2024 07:34

From the DM

"The future of the shipyard that built the Titanic was in doubt last night after Labour prepared to block a £200million lifeline.

Ministers were set to reject Harland & Wolff's request that the Government guarantee a loan to keep it afloat.

Sir Keir Starmer's Government has reportedly decided that it would be an inappropriate use of public funds."

So its a race to see which of the chairman's companies goes into liquidation first....

[the diddymen] 16/7/2024 15:41

Fenners, just a guess but it will be a delisting first to take the insolvency out of the public glare.

On the basis that we would have heard about it if they did, the company had no key man insurance.

Shareholders get the directors that they deserve.

[fenners66] 16/7/2024 13:11

2 weeks on
Nothing has happened - or is likely to until someone kills it I guess.

However I do miss being able to give the converse , sensible interpretation to the gamblers.

I say gamblers , if they read what we said then at least they arguably were informed enough to call it a gamble.

However given the idea of trying to censor us from the other thread , some of them may just have been "marks"

Just looks so far as we were 100% correct all along....

again.

[the diddymen] 10/7/2024 06:09

Still not a squeak.

The only question is how long the directors should wait before they deliver the de-listing RNS.

Reichy - perhaps you could make a bit more cash from fellow shareholders by running a sweepstake on the RNS date - just an idea.

[the diddymen] 08/7/2024 06:56

Over a week and not a squeak from the other thread. The BB 'leaders' missing in action. They know the context of the next RNS and it is pointless fretting because the share is untradeable.

The only question is when.

(I have managed to access the website now. No update for the unfortunate circumstances and still the original typos)

[the diddymen] 04/7/2024 11:01

Lopo, narrative companies find the shareholders they want and within the cohort of shareholders there will be those that scam fellow shareholders. Morally it is theft but almost unstoppable in legal terms.

I suspect that if you look at the TOM's shareholder register there will be no institutional investors, ergo it is small shareholders who yet again get stuffed despite the numerous placings by the institutions.

[lopodop] 03/7/2024 19:45

TD
Why was CE paid such vast sums, likewise the non execs when not a bean has been earned over so many years?
Why did Little and Damac push this investment and suddenly disappear?
Recently there is the tragic and sudden death - in UK or US - in unpublished circumstances. Is this scenario less straightforward to understand than might initially have been thought. After all the promises, what does Vauch think as he is one of many badly affected investors?

[thesageofsaint] 03/7/2024 17:16

Been a while, but just looked in and saw the news. No 'we told you so' but of course we all did. Genuinely surprised and sorry for the death Mr Potter. A young age but there has been a great deal of 'died suddenly' since 2021. But not the time nor the forum to be considering what may have been the cause. We will never know nor does it really matter, we all must make the fundamental decisions on our lives as we judge as informed as they can be. The story was always going to end with a suspension and delisting. They did well to spin it so long. Unfortunately too many people have been subject to the fraud that is this scam. Millions of PIs' money lost and was never invested just subscribed to a Ponzi scheme. Unfortunate that it has such a human post script to its timing. All quiet next door.

[norfolkngood1] 03/7/2024 15:09

They've gone bust. Last time I looked they were still showing Potter as a director!

[the diddymen] 03/7/2024 14:00

Has anyone tried to visit the TOMCO website? Only tried a few times over a few days but it has been inaccessible. Have they paid the hosting fee?

[the diddymen] 03/7/2024 11:42

Lopo unless I am missing something I have not seen a cause of death. In my view it is quite a legitimate question but no doubt the normal suspects will use emotion to close down debate.

Going by the other board these questions appear to be irrelevant because it is absolutely schtum at the moment. Perhaps there is a collective reflection on how right this BB has been throughout.

Not long now.

[lopodop] 03/7/2024 11:13

If TOM had taken out key man insurance, this would have involved medical checks?
If no key man insurance this would have been due to decision not to insure CE - medical issues, excessive cost etc. One might have thought the big investors would have needed some form of assurance re his health quite apart from key man insurance.
Clearly there is no KM which places the Board at fault. Did the Board not at least insist on a full medical annually - if not why not?
Some shareholders may want to know the cause of death bearing in mind this is / was a one band and there was no double cover.
If stress etc was the cause of death, why did the non exec board - all well paid - allow CE to operate under such risk - or perhaps it appeased its conscience by paying a remarkably high remuneration to keep him on board.

[fenners66] 03/7/2024 09:32

You don't have to go back too far to see the stupidity on the other thread...

rmart
22 Apr '24 - 08:19 - 31363 of 31447

So, the 2 new large holders have bought in for almost £1m so far.

I don’t care how wealthy you are you don’t waste a million quid.

goulding1215
22 Apr '24 - 18:19 - 31365 of 31447

I think that Rmart is on to something here. How long before anything leaks out that will be relevant? Gla



Told them at the time ...
fenners66
22 Apr '24 - 11:04 - 18291 of 18456 Edit


So your implication is that anyone who gambles £1m cannot get it wrong....

Fine all millionaires will inevitably become billionaires etc

That is clearly not true. Its either stupid and naive or used as a desperate perhaps insidious tactic to influence those whom follow your thread and whom are not allowed to be exposed to "realistic " opinion. Join the dots.

What evidence springs to mind to support my contention ..?

The relatively wealthy Mike Ashley -bought £100m of shares in Debenhams - after strangely , myself and others on ADVFN discussed the precarious state of Debenhams finances and whether they were investable. (if only he had read the thread - it was not censored for positive only posts )

He lost the lot. £100m down the toilet - so a mere £1m ... peanuts.

[the diddymen] 03/7/2024 06:21

Lopo most of us on this thread are fed up with the symbiotic relationship between BB posters/gamblers and narrative companies which need a thread of respectability to raise cash to support the narrative and remuneration.

Which are worse? probably the 'rmarts' of this world who scam their fellow posters by framing the BB narrative.

Just to state the obvious - no RNS today announcing the funding. The company will have been trying to raise cash from long before the going concern qualification of the accounts.

[lopodop] 02/7/2024 13:13

Strange that erstwhile protagonists have been very silent - for how long? Why?
When / if this company is investigated their involvement should be examined - but unfortunately this business will pass away
In time and no one will be any the wiser.
Of course this can only happen once the Board has collected any deferred remuneration for its services.

[fenners66] 02/7/2024 09:41

Has a smell of Petroteq about this now.

PQE suspended for ages and then delisted

Another Byle partner .....

He does very well out of his partners, bled them dry.
Too smart for TOM

Did not outsmart us though we saw through it from the start.

[the diddymen] 02/7/2024 06:20

Fenners if I remember correctly the other thread were going to demand an EGM. If they cannot afford to circulate a set of interims, they will not be able to afford an EGM.

The only question now is when to report 'honest failure'. The biggest determinant of timing will not be the shareholders but the personal impact on the directors.

As for thanking 'trolls' - forget it!

[fenners66] 01/7/2024 17:12

31,447 mostly BS posts on the other thread and now possibly the most important event in the companies history
and they have nothing to say ...!

How about thanking us for our insight ?

[the diddymen] 01/7/2024 15:21

Fenners, the interims will be a matter of fact. It is strange that they cannot produce them for financial reasons and there may be more to this.

At face value it sounds as if my cash W-1 etc was fairly accurate and if the directors knowingly take on credit without the ability to pay then that would constitute trading whilst insolvent. Potentially the Directors would have to make good those liabilities.

[fenners66] 01/7/2024 10:46

So this time they are suspended - not because they could not get the auditors to sign off the audit report (last time due to going concern considerations) ...
but because they do not even have enough cash to create interim accounts - when these are about as easy a set of accounts to produce as you can get as a quoted company.

Interms :- No income , some admin costs , lots of losses , get the previous set , change some numbers , delete some words , job done.
And the ACA on the board cannot be bothered ?

We said after the last fund raise , we thought it was flushing away good money after bad.
Of course the gamblers and apologists had a go at us. This bloke has invested a huge pile of cash - therefore he MUST know what he's doing.

We said , having money to burn does not make someone smart...

We seem to be very close to the end game ... we shall see.

[fenners66] 01/7/2024 07:13

How can Groat keep the jobs when he is the common denominator and a CA ?

[fenners66] 01/7/2024 07:13

Found it - an Eveining Standard article


Harland & Wolff share suspended
07:16 , Simon Hunt

Shares in shipbuilding business Harland & Wolff are to be suspended after the company failed to publish its annual results on time.

The firm said delays to its results were caused by “ongoing discussions with its auditors regarding revenue recognition relating to the multi-year and complex nature of some of the contracts under which the Company is working.”

It said its annual report was set to be published during the week beginning 8 July, more than a week past the deadline according to AIM rules, and that shares would be suspended until that time.

[fenners66] 01/7/2024 07:10

What was that about Harland and Wolfe not producing accounts on time ?

[fenners66] 30/6/2024 21:09

Someone on the gamblers thread thinks TOM can still raise even more money to burn !
For what ? Its not a supposed to be a charity !

They need money to do the interim accounts ?

Not like they could see that coming !

Pathetic

Nothing for the liquidators to sell either ?
So the official receiver - however that works.