I thought we gave the aussie gas blocks away for nothing
Need to go. no commitment to take salary via shares. When do they issue themselves warrants next? The company will have 450million shares in issue, so 1p looks like the new share price (top end). All u need now is some director options! The 0.3p raising was more than desperate. A rights issue could have achieved over 1p.
I think what they,ve done is stave of the inevitable administration and simply "bought time" with the placing,
need to raise only £700K? This money won't last a month.
We will not be getting the $7.5 million from Galp. We have spent the other money on the drill , even though there were no problems and we drilled quicker, then the Secretary resigns and is allowed to escape !! Why give nearly half the company away for £700k if you have other options, if you were a millionaire you wouldn't get a pay day loan at 2000%apr as you would have other options . Why don t we sell the JKA shares preserve the low amount of shares in issue .? Where are these gone? Why don t they sell the remaining blocks to Galp of any other interested parties and be cash rich to swoop in on another deal. What about the valuable Australian gas blocks we allegedly have , sell these ?
From hot copper .. I agree!!
Sign In or Register Forums Post Fav News Search TPT 3.8¢ Ann: Notice of General Meeting & Capital Raising ← ASX - By Stock (Back) sami 6 posts. 20/09/1407:53:59Post #: 14003451 Meso1973 said: ↑ Hello all, As the share holders we need to wake up. These management is playing secret games and ruining the company and wasting share holders money. 1) Kick out these directors- We cannot afford 300K to David Wall-What did he do for last 6 months to bring value to the company nothing. 2)Get directors with less salaries. 3_ cannot believe all the money spent on drilling TPT had 22 mill( incl 7.5 M) which would cover 99Million drilling cost 4) Why can't they sell the block Genel spending 200 M to acquire the 50% interest in Puravida block in Morocco.I'm sure they will buy TPT block for a fraction of the cost. 5) TPT has 10% intereset in JKA.asx which would worth around 2.0 M why can't they sell the shares and get the money rather than diluting the company. 6) We need directors to act on behalf of the share holders not on their own interest. No point voting for $0.006 per share share price should be at least 4 C given that GALP will drill few wells as soon as some one finds oil in adjacent blocks. All share holders need to be united and act fast.
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