TXO Plc Share Discussion Threads

[fishermansfriend] 22/3/2015 12:53

corbs,

The problem is TXO does not have enough cash to remain a going concern while it waits for income. He has to give away a massive chunk of equity to survive. Who wants equity in a company that is on a matched trade illiquid exchange?

A GXG listing will not fund Tim's lifestyle. Have a look at Alpha Prospects, theoretically they have a market cap 10 times TXO's but can't afford to pay any fees, indeed Chris Foster had to put his hand in his pocket (probably from the fees he got from TXO) to exercise warrants just to give Alpha a tiny amount of cash to keep the lights on for a bit longer.

[corbine] 22/3/2015 12:42

what would the costs be for tim to run with gxg compared to aim? substantial savings? as long as he can get some income through gbg?

[fishermansfriend] 22/3/2015 12:02

rmart,

Of course he will. Only an AIM listing allows him to sustain his lifestyle by issuing confetti for mug punters to buy in the secondary market, based on all his false promises and helped by a team of moronic rampers. However when he does reappear, his friendly "internet troll" will be there to ensure all those mug punters are warned of exactly what to expect.

[rmart] 22/3/2015 11:48

lol, wait and watch for him to reappear on the 'expensive aim' this guy will line his pockets again with another go with another new outfit.

He will use AIM as long as the markets allow him.

[fishermansfriend] 22/3/2015 10:20

"TXO (TXO) has – after two months of searching – failed to find a Nomad to act for it after the resignation of Northland. Consequently it will be boosted off the AIM casino next week.

I have spoken to boss Tim Baldwin who insists that most shareholders will actually welcome this as AIM is an expensive place for microcaps to raise money and maintain a listing......"

"Baldwin blames the structure of AIM but also an “internet troll” for TXO’s disastrous share price decline pre de-listing..."

"The sad reality for Mr Baldwin is that after RAM and Cientifica, TXO is his third AIM disaster in three years. It’s a hat-trick for Mr Baldwin and the investor community has lost trust in him completely. And whatever TXO says, it has missed operational target after operational target and has had an endless need for cash and thus it must take a large degree of responsibility for its own demise as a listed entity...."

I take it TXO will not be appearing at the UK investor show this year LOL

[bili1946] 21/3/2015 13:16

A little wordy but may be worth a read after 0730 on Monday 23 March:

Potential personal exposure of directors when a company fails financially.....
www.foxwilliams.com/news/409/

[bili1946] 20/3/2015 21:33

Finally if you need a laugh take a few minutes to look at LSE/TXO. The comments yarsan has to deal with are quite mind blowing.....keep sane if you can!

[bili1946] 20/3/2015 20:49

Amidst this talk of "small shareholders" let us not forget that many of these holders had very large investments in TXO when Baldwin took the helm.
If you now have 500,000 shares after his antics, you would have had 2,000,000 some +4 years ago when they were trading at around 4p per share(from memory).So you would have an investment of £80,000.(If you invested a little before that under Chandler the shares were up to some 22p).
So now because you may have a few shy of 500,000 he will steal all of your investment.How can this be right?
If he fails on Monday 07:30 I assume many searching questions will be asked.I hope that he will not be permitted to promote another racket with the tacit approval of the LSE.

[ih_237920] 20/3/2015 19:05

All from "marketwizzard2" - only concerning the NOMAD and return from suspension. Starting with today, and working back to Feb 20th. A month of lies.
-------------------------

confident we return to aim.
come out of suspension and then game on.
looking forward to the action of TXO returning to AIM.
Have remained very confidant throughout
Shares in the hands of the strong now.
i don't think you will find the new investors sub 0.20p moaning they will be adding to to position or initiating new ones, a new chapter begins
I am as confident as was before that we see TXO return to market.
95% chance they return to market
i think we get announcement friday or before open Monday re New Nomad and the shares fly upwards
returns to market with Nomad hopefully friday
shares coming out of suspension
Shares due to come out of suspension.
Expect this to open up at £1 and to move higher into £1.50-£2.00 range.
Do you think TXO coming out of suspension? yes
Do you think share price will rocket? yes
See ya at 0.15-0.20p.
positivity confidence picking up
I have made my points to you and now will be letting the return from suspension and the hitting of my price target do the talking...
Not long now till we get that RNS on a new Nomad
What matters is what the share price does and i think it will rise sharply
i think txo will return to aim
Not long to wait now... Think we will see txo back and trading on aim very soon before March 24th.
I think TXO will come out of suspension.
I expect them to come out of suspension before march 24th.
£1 return from suspension
TXO will come out of suspension...
why have a consolidation if your not coming out of suspension.
The shares will rise on re admission and you heard it first here
you think highly likely TXO will not find New Nomad Broker. I think highly likely. As always time will prove me right and you wrong, wrong and wrong again.
£1 return from suspension
a New Nomad will be found and shares will trade at a multiple of close price once they are out of suspension...
Feel sure this is coming out of suspension.
TXO are weighing up the merits of the various Nomads and will pick one that suits their requirements best
Have remained very confident throughout suspension.
New Nomad Could be unveiled at GM next week.
i wasn't confident I could announce New Momad last thing i would be doing is having a General Meeting
me and hinkais since suspension have been very confidant New Nomad would be bagged
make a nice profit when theses come out of suspension... You say highly unlikely i say highly likely...
There will be a New Nomad... I have felt certain of that all along
I stick to what I have said all along its odds on that txo will come out of suspension.... :-)
You say TXO will not return from suspension i say to you it will.
We have made the case for why TXO will come back from suspension. We have also made the case for why TXO will fly
not trapped... I didn't want to be without shares when TXO came out of suspension.
I will be buying more on return from suspension.
they are in discussions with more than 1 broker
i will say two weeks time Friday 13th March we get announcement of return from suspension.
Locked in by choice, won't be long now till we are out of suspension and in profit.
looks like its going our way ;-)
i feel 99.9% sure shares are coming back
Tim has pointed out txo have no intention to delist are simply sorting New Nomad and says in RNS temporary suspension not permanent. If was permanent they would say so.
they come out of suspension and bounce significantly upwards.
bounce to at least 0.15p on coming out of suspension feel 0.20p is possible too
Temporary suspension, temporary is the key word.
i expect to see 0.15p when this comes out of suspension.
i am 99% sure of TXO coming out of suspension
99.9% sure txo is returning now
i feel 99% sure now shares will return... ;-)
I feel 95% sure now txo is coming back to market
When TXO returns and i depart with a tasty profit i will say told you Yarsan
they will have been in discussions with Nomad once refinancing sorted will make RNS stating refinancing sorted and announce New Nomad.
The debt is being renegotiated and the share will return.
Return from suspension and deals to be done in my opinion.
Reading between the lines TXO have a New Nomad in the wings
a Nomad has been found
certain New Nomad will be appointed.
New Nomad be found even if share goes into suspension.
Suspension then new nomad is my prediction.

[ih_237920] 20/3/2015 19:01

FF, can you conceive of a connection between between ADVFN's "Funked" and LSE's "marketwizard2?"

Their styles are very different and Funked had the good taste to STOP posting once his job was done upon suspension... but they both seem to serve the same purpose.

Marketwizzard2 started posting on Feb 20th, Funked on Feb 16th.

Both focused on abusing "trolls" who exposed TXO. Both mindlessly ramped the purchase of shares into suspension (and in marketwizard's case, well beyond!)
There are a few identical postings, eg "only a fool would sell now just b4 news on nomad appointment." I don't think they're the same person, but they certainly served the same purpose.

[ih_237920] 20/3/2015 17:07

Yea Corbs, that's what they did with Alpha Resources. Not that it did them much good - It currently has no bid, and hasn't traded since August 2014... but the listing allows them to carry on the fiction it is a viable company, and continue to swap fake shares for real assets. They even claim a market cap of £6.96m lllollollol

[corbine] 20/3/2015 11:04

couldnt he move it over to the other market that usop uses? gxg? whatever its called? if so would he still need a nomad?

plenty of people to choose from?

[cgod] 20/3/2015 08:58

This will delist by Monday then. nice one TB.

[fishermansfriend] 19/3/2015 21:31

I see that a significant number of people did round up their holdings, no doubt based on belief in the unverified OTR RNS and in the false belief that they needed to. I put an extensive post on here which explained that if shares were held through a nominee account then shareholders should contact their nominee account provider to find out how they were going to apply the 500,000 : 1 consolidation followed by 500 split and I showed at least 1 was going to effectively treat it as a 1000:1 consolidation therefore there was no need to round up to 500,000. TXO saw fit to get ADVFN to remove that post and it is now fairly clear why.



The Company announces that it has placed 30,849,281 ordinary shares of 0.1p ("New Ordinary Shares") at a price of 0.1p to raise GBP30,849.33 pursuant to the recent offer to shareholders.

Moving on



The Company announces that it has received notice of exercise of conversion rights in respect of GBP5,586.81p of the GBP425,000 convertible security, Convertible Loan Note October 2015 ("CLN 2015"), as announced on 7 October 2014. Following the issuance of the shares in the conversion, the balance of the Convertible Loan Note 2015 will be GBP419,413.19.
Under the convertible securities issuance deed ("the Deed"), 5,586,805 Ordinary Shares ("New Ordinary Shares") have therefore been issued by the Company at a conversion price of 0.1p. Application will be made for the New Ordinary Shares to be admitted to AIM ("Admission").

The 7 Oct 14 announcement:



Following the execution of the above agreements, and assuming full draw down of the Loan Note and repayment of the Residual 2014 CLNs, the Company would have a net cash inflow of approximately GBP545,000 and will have the following outstanding loan note commitments following 31 October 2014:
-- GBP284,357 October 2015 CLNs;
-- GBP200,000 loan note due 31 October 2015;
-- GBP303,500 zero coupon convertible due May 2016 under the Bergen facility; and
-- GBP1m Loan Note due 31 October 2016.

And the clarification the company so kindly put out in response to my queries on their ambiguous update:

It was reported that the Company had issued a further GBP75,000 2015 Convertible Loan Notes to a second Bahamian based investor introduced to TXO by Grand Bahama Group Limited ("GBG"). The Company would like to clarify that these loan notes have been issued on the same terms as the outstanding existing 2015 convertible loan notes, being:
-- Repayable on 31 October 2015
-- 10 per cent. interest per annum
-- Convertible into new ordinary shares in TXO at a price of 0.2p per share
Following the issue of the new tranche, the Company has a total of GBP309,357 nominal value October 2015 convertible loan notes in issue.

What £425,000 October 15 CLNs? The October 15 CLNs are convertible at 0.2p not 0.1p!

[bam bam rubble] 19/3/2015 21:10

They may have been creative with the equity issues, mixing in 'fee shares'

so instead of
.5,586,805 @0.1p par to pay £5,586.81 of note
30,849,281 subscription

may have been more like
.5,586,805
+9,413,195 fee shares = 15,000,000 @0.0372454p (£5,586.81)
21,436,086 subscription (probably some more fee shares in there too)

[fishermansfriend] 19/3/2015 19:11

How can TXO release 3 RNSs in one day and completely avoid mentioning the elephant in the room (not Tim "Blobby" Baldwin). Absolutely no up date on the Nomad situation and if they have not found one by 0730 on Mon it is bye bye AIM listing!

I will be dropping AIM regulation a line about other discrepancies in the RNSs later - I bet AIM regulation can't wait to cancel TXO's AIM listing.

I have said many times there are Nomads out there mad enough to take TXO on and I have said ZAI is one of them.

Maybe this explains why ZAI have not jumped at the chance to pocket TXO's retainer:

[pembury] 19/3/2015 15:45

We know who was doing the selling!

[ih_237920] 15/3/2015 15:13

Priceless, BamBam

[bam bam rubble] 15/3/2015 13:11

This makes a better picture

[bam bam rubble] 15/3/2015 12:58

New Rule: don't trust CEOs who promote the stock at full armrest