Transglobe Energy Share Discussion Threads

[1399peter] 13/3/2019 22:32

Thanks Mark, lets see what happens

[mark10101] 13/3/2019 21:35

I sent an email today to request a callback and sent the questions that people asked on here. I said I would be posting on here so they were aware before replying.

[chesycustard] 12/3/2019 08:27

-Can we know what there annual costs are-No of staff-Update on smartdesk as only hear about gos-how much we owe stanhill-how much we owe illyas-how many shares left in csqs and approx value-update on encryption keysThanks

[mark10101] 12/3/2019 07:50

Is there any other questions people want asking, I will put them in an email and request a call from Idris.

[singray105] 07/3/2019 01:22

Peter your a genius, worth a try.

[1399peter] 06/3/2019 20:42

Hello Mark,


If for instance they do feel or want to tell us they are confident about the future and not much else, we can hold them to account by asking them to change the share structure by swapping our shares into preference shares that mature in three to four years at a guaranteed price

[singray105] 04/3/2019 22:39

I personally have had enough of the jam tomorrow here. My only question would be to ask if they are interested in making an offer for say 5% or 10% of the shares, and should we approach Waseem/Stanhill?

Well done Mark.

[mark10101] 04/3/2019 21:08

Hi Peter, very similar to what I wanted to ask them. I will pull together yours and any other suggestions but I don’t want to bombard them. I will email Idris the questions so not to put them on the spot, hopefully we can get the best feedback then.

[firefly bill] 04/3/2019 20:51

Thanks for all your effort with this Mark

[firefly bill] 04/3/2019 20:50

Yes thank you Mark, I agree with all of Peter’s questions . My main question is looking at their GOS website are they intending to pitch themselves as a secure mobile telephone network for data and speech using quantum technology? If so surely there is a closer relationship with CQC than they are making us aware of? Also are they selling mobile communications to businesses and for personal use?


In general if they were pitching themselves as IPO tomorrow what exactly are they saying intelicrypt is about?

[1399peter] 04/3/2019 20:02

Mark,

Thanks for putting yourself up for this, I have put a few questions together.

1) Would they make us a decent offer for our shares

If not

2) Will they give us an in depth explanation of their future plans and their current financial position, future contracts and projected revenue

3) If they achieve financial stability will they re-list the company

4) Do they have any world changing tech that might help them achieve that

[mark10101] 04/3/2019 16:17

I hopefully have a call with Idris and Richard in the coming weeks. If we can generate a list of questions I could put them to them when I hopefully speak.

When I have spoken to Waseem he has always been positive insisting value is being maintained, but like others I have seen little in the financial reports and feedback from annual meetings that make me feel that is the case. We are clearly still in the game, just not entirely sure if we a playing tiddly winks or Six nations rugby!

[firefly bill] 04/3/2019 16:05

Two things... I believe as shareholders we should have been consulted when they sold some of the CQCL shares and we weren’t consulted at all. Also on their website today they are rolling out the commercialisation of IronBridge. They are obviously making some money which I presume intelicrypt is seeing some of as a shareholder. We have no visibility of any of this within the accounts. We don’t even really know what their wage bill is or whether Idris decided to give himself a huge pay rise last year with any profit they made!!!! I for one am nervous to sell my share as I don’t believe we have enough information that they definitely will not return to market as Intelicrypt. I also (rather stupidly) have a bit tied up here.

[chesycustard] 04/3/2019 15:44

Idris is not stanhill, he runs intelycrypt. Best bet maybe waseem I think.

[singray105] 04/3/2019 15:30

I did txt sd99 about this but no reply unfortunately. It does seem to be our only way out of this nightmare with something, probably at a loss of course, but what are the alternatives? Even if we do re-list or RTO one day, there will likely be a complete restructure and dilution of our shares.
I guess we could approach Stanhill again, Waseem or Idris?

In the meantime any other bright ideas?

[chesycustard] 03/3/2019 20:50

It's a good plan sing, I would like to release my equity now as the quantum key edge seems so far off.I had asked about a year ago if the co had any interest in buying shareholders out, idris said no plan. But I suppose stanhill might consider it and then take over.Is shareholder 99 going to approach it with them?If a letter was written we could all bless/sign it maybe.

[1399peter] 03/3/2019 14:17

I suppose we have to decide what kind of viable business it becomes, just enough to pay their wages isn't really what investors want.

[singray105] 03/3/2019 12:42

Just to add that if we do break even this year then there certainly will be some value in Intelicrypt, most companies who de-list usually go bust soon afterwards, we still have a viable business here.

[singray105] 03/3/2019 12:33

I might as well tell you, its not rocket science. Sharedealer99 and family hold a fair chunk of the shares, there was another guy with 6/7 million there if I remember correctly. Well Waseem who represented Stanhill interests at the meeting highlighted that they remain confident that there is value in GOS/Intelicrypt in view of the business likely to break even this year, and the value of our holding in CQCL of course, although more of these shares might be sold in the future to raise funs for working capital requirements.

So the idea was to ask Stanhill if they were interested in making an offer for our shares to get us small PI's out of the way once and for all. Sh99 thought that if between us we held say 10% of Intelicrypt, it could be worth while for Stanhill to make us an offer. I am not sure of the ins and outs of this though, it was sh99 who was talking about it. It would just mean that we can get some of our investment back to put to better use than leave it here rotting away for eternity.

Stanhill may not be interested of course but it would not cost them much to get us out of their hair so to speak. What are your thoughts?

[chesycustard] 02/3/2019 23:39

What are the ideas sing? This situation is frustrating. I do think there was a solid Plan A that didn't pan out, HH seemed to have an inside track on it. Things don't always pan out but what is annoying is there seems to be no plan B.Basically we are on Stanhill lifesupport and I wonder if Idris was not Illays cousin then it would have already been switched off.They do have some some solid business and ideas but can't going/funding. But I agree this industry moves way too fast and any edge GOS/smartdesk had is at risk.The quantum key thing sounds good but hasn't progressed in 2 years. Hasn't landed. Like matthew mchonney says in wolf of Wall Street. Lol.Not sure what we can do at this point.

[1399peter] 02/3/2019 20:57

I don't see any harm in trying, it's not like we have anything to lose

[singray105] 02/3/2019 20:23

All well and good Divmad, until the next big story turns up that tickles my fancy and I loose everything all over again. Your far better off going to the bookies in my opinion, at least you know if you have won or lost by the end of play...not years like in this case.

Firefly Bill, in fact the chap who posted on here for the first time and I met at the presentation had some ideas on how we might go about trying to get some of our investment back, I txt him yesterday but so far have not received a reply. He's not posting on here anymore from what I can see but seemed like a genuine guy.

[firefly bill] 02/3/2019 15:43

Surely every loss you should be able to learn from? Where then do you consider we should see the bigger picture from? Where was the failure so we don’t repeat the same pattern? Was it that we were lied to in delisting? Also I feel a small loss is still a loss and should be learnt from. So if you have moved on then what mistakes in your loss would you not make again? I would like to point out that none of us know how much each other has lost here. It could be a few hundred pounds or thousands so saying simply move on is your right for you not for the individual and their loss appetite. We were told they were delisting temporarily not years later. Our money was not risked on an exploration that might fail . We were never given the full facts to make our decisions which is against market rules.

[firefly bill] 02/3/2019 15:31

That’s not the point though

[divmad] 02/3/2019 15:19

Guys, you really shouldn't get carried away by one total loss on AIM. Take the bigger picture, man up, and focus on making it back elsewhere. There have been numerous opportunities to do so since tgl was de-listed. Think positive!