Trinity Exploration & Pr... Share Discussion Threads

[acsatix] 13/7/2018 17:58

here are the terms of the offer:
Offer for Subscription
Subscription price: GBP0.15 per share
Record date: 21st June 2018
Pay date: 12th July 2018
Option 1: Do Not Subscribe (Default)
Option 2: Total subscription amount in GBP
The default option will apply to any holders not making an election by the deadline date.
Trinity Exploration & Production has announced an Offer for Subscription, whereby holders as of record date 21st June
2018, may invest in additional shares at a price of GBP0.15 per share.
If you wish to participate you must specify the total amount in Pound Sterling (GBP) that you wish to invest, under
Option 2. Please be informed that elections may be subject to scaling back.


There are specific restrictions concerning nationals and citizens of the United States, Australia, Canada, Japan, New
Zealand and the Republic of South Africa. It is the responsibility of any person wishing to participate to inform
themselves of and observe any applicable requirements. Should you choose to participate then with your instructions
you are confirming that you are aware of the official restrictions. This Offer is to be read in conjunction with the official
terms and conditions available on the Company website.
Please ensure you have cleared funds in your account by our deadline date. Subscribing holders should expect to
receive their new shares around 12th July 2018.
We'll submit your instruction to the company before the official event deadline. Your account will be updated upon
receipt of the proceeds but in some circumstances there may be delays in the proceeds being credited to us. Please
allow 10 working days for your account to be updated.



scaling back criterion were left unspecified.

[the big fella] 13/7/2018 17:55

It is called understanding the terms and conditions of the offering. I am not sure who you would think of taking legal action against. As for a class action are you going to be lead plaintiff?
Anyway that’s it from me for a while as off to Cadiz for the summer.

[acsatix] 13/7/2018 17:51

folks... why do you get so excited... it is very possible this goes to <15p, as well as above 20 with some catalyst. i give same chance to both events...


what I do not like is the lack of confidence in the board recent events have generated.


BTW not having done anything illegal is not really sufficient in business... you can legally run a bank to the ground for that matter... what is the point?


anyhow if list a company on a stock exchange you normally should aim at pleasing each and everyone of them (provided they have funds), not JUST THOSE that use custom brokering. This basically creates selective treatment of shareholders and I am sure one can build a legal case out of that (if one could be bothered).

note that if such a treatment was to be applied its terms should have been clarified in detail in advance... this was a post-mortem criterion.

[acsatix] 13/7/2018 17:37

this one above was not hinting at capital raise soon to fund short term activity... galeota was just the one where it was mentioned (down the road but against exciting opportunity, not just dragging along 3000 bopd in a mildly cash generative manner from 2020). I can say they were ensuring CLN was to be paid off easily even at lower prices of oil... so we were taken a bit by surprise... judge yourself.

[mark10101] 13/7/2018 17:05

Marvelman, judge the BOD at the end of the year. I think we will have a clearer picture of why the pain was decided to be worth it now. As per my earlier post this has put TRIN I a fantastic position at a pivotal time for T&T’s oil industry.

[acsatix] 13/7/2018 16:58

in May I found out this small jewel call trinity exploration and I initially thought it was a great opportunity... I found many of the comments here very good and encouraging my initial assessment... but the events which have recently unfolded make it clear this is not for PI... that is all... so there is no real motive other than debate... do you think If I was a big fella ;) with intentions I would use II as a broker... nahhh :)... anyhow if it goes up that will be welcome as I still retain a core holding (albeit reduced today to start the flipping ). I am sure everyone agrees this funding was not aimed to be fair to small enthusiastic investors so this says where these investors should be heading now.

[marvelman] 13/7/2018 16:56

I always thought that any shares I could get in the "auction" would be a bonus. Fully loaded now and won't be buying any more. If I was a random investor and came across these in passing I would be buying in a heartbeat thinking there is only one way the share price can go. With the balance sheet they have acquired through our forced contributions and the ditching of CLN's and debt this is a very healthy company and quite unique for an oiler. Patience then, a word not in the vocabulary of the BOD it would seem but certainly needed now by us current holders.

[diseasex] 13/7/2018 16:44

he will sell at 16p and buy again at 20p , then sell for 18p

[mustbefunny] 13/7/2018 16:41

Good luck with the flip, I have bought more now as 16.7 is still a good price for these and I don't think it will go to 15p

[the big fella] 13/7/2018 16:39

Given that you only joined here in May and seemed to have reserved all your posts for TRIN one wonders what your motives are anyway.

[acsatix] 13/7/2018 16:35

BTW I can say we will test sub 15 pretty soon ... whatever allocation I get I will flip it and reinvest at suitable level :)

[acsatix] 13/7/2018 16:34

sure barclays turns out to be smart as it was not worth the effort to do all this thing to then get allocated say 40K£ to share among their hungry customers :).

next time Trin would better just do a private placement and be done with this needless show.

[wwick] 13/7/2018 16:31

Mark, again you presume PIs have funds returned and so can buy. This was pointed out earlier.

[the big fella] 13/7/2018 16:30

Acsatix- I think fella you have had too much sun.

[diseasex] 13/7/2018 16:25

sorry - other way around. they return 72% cash

[diseasex] 13/7/2018 16:24

I was allocated 1255 out of 1740 - 72%

[mawc] 13/7/2018 16:14

Same with Hargreaves Lansdown
6969 allocated out of 25000 applied for
£2704.65 returned

Not spoken to them but I will be

[mark10101] 13/7/2018 16:14

This is getting silly, you can still buy at 16.6p which is a 10% premium hardly worth a class action! I chose to buy all mine at 15.69p, a tiny price to pay for certantity. And that was before I discovered Barclays could not be bothered to even apply on-mass...

16p may not be around much longer as next week people will finally turn their attention to trying to put a sensible valuation on the NEW TRIN rather than the 15p placing.

[acsatix] 13/7/2018 16:00

this is official II answer

Thank you for your secure message dated 13th July 2018.

We're still awaiting for the shares from the company itself, once received
theywill then be allocated to accounts.

We trust that we have answered your questions, however please do let us
know if we can do anything else for you. You can continue to write to us by
secure message. Our response time is usually within a few days, however, in
times of high volume, we can take up to 5 days. If your enquiry is more urgent,
please call us on 0345 607 6001.

We are open between 7:45am and 5:30pm, Monday to Friday, and 5:30pm to
9pm, Monday to Friday for international trading calls.

Best regards

Interactive Investor





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to be fair with retail brokers like ii you cannot ask them to submit a separate subscription ... it is not an option in the tool. and of course given the amounts are not stratospheric nobody can be bothered. in general it is the issues that has to please small shareholders if they are not up to a game of diluting them into oblivion (which is operational here). So to me a healthy class action will help here as clearly many small retail holders could complain here and it is not the fault of their broker really, but the way nominees are handled vs individual investors that show up as independent subscribers. the company has the duty to break down who is behind each nominee (mind you at least 13% of shares were on nominee accounts to April, which probably now is going to be significantly reduced....

[marvelman] 13/7/2018 15:52

Hope you get a better outcome wwick