The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I see this company`s shares suspended in a month or so.
47% discount. So the company has been sold for a song.
"Anticipated Expenditure"
Google, can salaries be classed as 'expenditure'?
"Allowable expenses include your basic office costs such as stationery and the bills you pay on your business phone. Travel costs and staff salaries are also included"
So yes, salaries, oh, and travel costs. What's the weather like in Cayman this time of year?
HF14
"You can guarantee the majority of the £300k will go on salary payments"
Well that is a load of BS as usual because it states the following, which points to legal costs, not salaries, which would be termed "operating expenses":
"The Fundraise has been undertaken to provide additional funds towards the Company's anticipated expenditure as it seeks to progress its plans for its wholly owned subsidiary, Greenfield Energy LLC"
Got my top up and a nice average down today. That is what situations like this are for if you believe funding will come through, as I obviously do.
To the moaners, carry on moaning, it achieves nothing, only action achieves something, either action like I have taken, or sell up and move on if you don't believe it will come good and then you'll have no reason to come on here moaning about TOM ever again, saving you time, stress and worry.
@ASI
No idea what has gotten you in the mood to insult me. I simply take what is given to me by way of offical RNS news and react accordingly. This RNS extends our road towards attaining funding yes, but apart from this it does nothing but reduce shareholder value, and as to whether funding will ever come is up for debate given how long we have been down this road.
Trying to call me out as some pump n dump shorter is absolutely hilarious, I have been in Tomco for quite a few years now and I haven't sold any shares, only bought to average down. I know full well what I entered into and I only invest what I am willing to lose, but that doesn't mean I should be complacent and wholly tolerable to all dilutions and negative RNS's that come my way, we all have thoughts and feelings on matters when official news is dropped, whether that be good or bad. If you take this RNS as good news, then so be it. If you don't agree with me, so be it, but don't insult me and make assumptions about my character which is wholly unfounded.
I take the good with the bad and even laugh about what I feel is becoming a slow motion train wreck as I watch my long time investment drain further down. I accept and own it, I always have, but that doesn't mean I should dance around news to appease others.
As for your consistent claim that the 666+ million shares were issued at 0.045 pence from 0.062 pence which is less than the 47.1% discount, please show me proof of this, because from what I can see in the RNS is that they issued 666+ million shares at 0.045 pence from the close price of 0.085 pence as of 20/02/2024 equalling to a 47.1% discount. Where is this 0.062 pence you state coming from? Because the only thing I can see in this RNS which stipulates anything close to your 0.062 claim is a declaration from an old placing where an error was made on around 42 million shares where the placing was issued at a price of 0.061999 which is obviously close to your 0.062 pence round up, where the shares should have been issued at a price of 0.061911 pence, and so they needed to re-issue a futher 60k shares to rectify the issue.
I wont insult you because I'm not the type to be so petty, if I'm wrong and evidence shows me to be, then I will always accept being wrong. But if you are going to call me into question, you had better back it up with evidence.
...and some (like me) have been bitten too many times to realise (too late) that AIM is nothing more than a legalised extortion racket.
It looks like the same Petroteq gangsters and mafioso then tried the same trick in Norway, I spotted this recently, it's the translation of a Norwegian article.
https://pdfupload.io/docs/0f7feb36
And someone just posted that Ecoteq Energy are about to be deregistered from the Oslo stock market, it was announced by the NOTC yesterday afternoon. Maybe related to the above article and the lawsuit against them in Norway.
https://www.notc.no/NOTC/selskaps-meldinger
Crownos As I have already stated the placing was based on the share price at .62 so isn't a 47.1% difference. It was inevitable that TOM would do a placing had you known its history and its current financial situation. Simple maths isn't your strong suite is it. You know the risks in P&D's that you partake in and ramp the hell out of. You have probably been spiked, man up and accept it and stop playing the victim. Now you know how it feels for those you ramp while you sell and leave to take the hit.
"Is it any hope here ?"
About the same as Petroteq, another "oil sands" get rich quick scam where unscrupulous executives siphon off Investors hard earned cash as salary payments, while achieving the square root of zero!
Is it any hope here ?
Not the news I was hoping for.
However as has been mentioned it's not at such an discount on where the sp was a week ago at 0.06
Bearing in mind the industry wide difficulty in raising finance for smaller coys as explained in the sep 06 interview:
TomCo Energy "in a good spot" heading toward 2024 --
https://www.youtube.com/watch?v=Ca3jR5_6zmE
Funding talked about from 4:56 onwards
Some may see this as a great chance to average down.
Easter 2022 Potter said TOM were anticipating closing out on financing. One has to wonder whether this has become a lifestyle company in the intervening time.
Don't have any expectation that you'll have friendly people in pretty much any are of service and you'll never be disappointed. Every time I've been in-person to GME, it's absolutely rammed with people and I stood inline for probably 15 mins to get to the counter to order parts, and then you have a bunch of Neds piled up behind you getting annoyed that you are asking questions and what not. Just order online and go there to pick it up, or save it all entirely and just have it delivered [LINK REMOVED] . Even if they were friendly they are too harried to help you much in my experience.
@ASI,
I never compared the current shareprice with this placement, and no matter when this was placement was taken or at what price, the fact that they got a 47.1% discount is the abhorrent part of it all, that is what shows the desperation and what I was alluding to, I quite frankly couldn't care less for day traders and their losses, I'm merely speaking for LTH's who have seen our company hand well over 666 million shares for a ludicrously low price.
Anybody knows a store with a good stock of electric components like resistors, diodes, leds, pots, switches, stuff like that? I've heard terrible things from GM electronics in Prague.
"This investor got a 47% discount at 0.045p, that is a ridiculous discount and clearly shows the desperation on Tomco's side for them to screw other investors to go so low, all in order to keep the lights on."
No, the placing was set up when the share price was at 0.62 before everybody jumped in for absolutely no rhyme or reason and pumped the share over the last couple of days. Now its retraced big style and the pumpers are complaining because they got spiked. Laughable really.
Time to put this one to bed chaps. most of us have taken a hit on this joke company.
I don't believe they pay people to write on boards, Harris. They'd have to complete another raise for that
You can buy the company for 1.54 million how is this positive other than for someone to buy outright?
350%, I meant 😅
You really do get to the point with these AIM 'businesses' where it becomes a bit farcical, and actually makes me laugh (or I'd cry).
They're traps you never get back out of with your shirt on.
And to think some criticise other for day trading this junk?!
Nope. Another AIM dog - steer clear. The company probably pay people to write on boards like this.
(-47.06%) Down now. Is this positive
You can guarantee the majority of the £300k will go on salary payments Then it will be repeat repeat until no more funds can be raised. Potter has been trying to raise the funds to buy the 90% of the site for years now and nothing has changed,
Can't see any dip in the SP at the moment so just did a test on selling a few shares and got a quote of 0.039. I think ill need to scrap my 90% down to 95% down lol.