Member Info for crl123

Rights issue or Placing on the way.Clear.

I think so too. 12p?

Yes but getting p/i’s together to make over 50% would be a nightmare. Trin only needed 4 holders to get to 50%.

Green boxes. Can’t read them which is usually a good thing:-)

This share is now just a plummeter and TXP should be ashamed of their conduct. FCA needs to know that the loan terms were not made public, that the Placees were hidden from us when asked in the video consultation and so much more. Txp have played the AIM game. It reeks. Watch the share slide and our money evaporate. Shameful lack of ethics and morality.

Trinity bod were totally inept. They didn’t want to sell. 53% of shareholders forced them to.

I agree. Very little disconnect normally. Big disconnect today. TSE saw Txp rise considerably after a big drop. I have no idea on tomorrow here-never trust our crooked market- , but it has only dropped 14% in Canada.

Number 3.

Less chance for them to screw up bigtime again.

Just screw up smaller-time.

Don’t despair. Markets overreact both ways. PB was a fool to invest with conmen. Hy did he? Should have known better. Lenders may see a bargain here though. Just maybe. 15p is 25% cheaper than the Placing, and a further Placing is feasible. I can’t see PB, fool as he is, throwing in the towel. He is more clued into drilling than the inept Trin team, and they received a reasonable cash offer. He is nowhere near as useless re. geology as they were. Shareholders take the brunt and he still gets his $1m a year, but I don’t think he has given up yet. And they have “Article 11” if the creditors get shirty.

Only if that is aproviso in the small print. We would have to see the docs. Usually any undersubscribed Placing still goes ahead unless the shares are cancelled, as Txp did with the 10m today. The 5m hasxnot been cancelled. The money has allegedly been received, so they cannot demand it back without that proviso or legal action.

Txp said that the Placement on $15m “has been successful”. RNS quote. That wpuld be taken as fully subscribed or they would have had to say not.

It is worth troubled investors knowing that T and T has its own version of the Us Article 11, which offers protection for ( I think) 2 months from creditors whilst the company aims to refinance. Trinity used it in 2016 to save itself from Citibank. I have no false promises, but the UK does not have it, which is why Interpath and the other vultures get so much insolvency carrion , especially from AIM. Nil desperandum. This process exists, where the mm’s are aware of it or not. It saved Trinity from insolvency, but sadly its inspirational leader Bruce Dingwall died in 2021 and left it to morons.

Nil desperandum. We are not yet in Administration , we have just been screwed by spivs , and this BOD shows its amateur nature so clearly here.

Sadly no share has a bottom.

This could easily hit 12p. But buyers may see abargain at 14p just as easily.

This is tough.

I expect most people are , like me, over 20p.

Stick or twist.? Txp have lost market confidence and there are some humungous sells( delayed of course) but also many buys too. Not quite dead in the water. Twitching!

Highland

They have to raisex$18m by Dec 25 to satisfy loan creditor!

A low-ball offer ( as with Trin) is possible.

PB is a wide boy. Always was. Promised Ftse 250 in 2023! Last video presentation was clearly lacking in truths re. funding. He gets paid a fortune and we are cannon fodder. The question now is where do the funds come from ( Portillion are history) . A rights issue at this price? Don’t think so. Another Placing at 15p?? Possible. Or he will exit to Acapulco.

Trin offered much cash and cheap cash-generating oil. And a humungous Galeota tax credit. Txp wanted them and had to be forced to drop them.

I feel they have let themselves be taken for a ride by Portillion and Oak.

Ok Aligator. I was wrong. Sorry to mislead. But it is dodgy ( to me) that they are not authorised to hold client money. Who holds it? They are authorised to hold shares of course, so is” holdiing money” an irrelevance. And is there no legal binding term(s) in the Placing . A court had to “ unbind” Trin’s commitment.

If Portillion and Oak are not FCA registered, there is no legal binding and they can just depart.

This happened with two creditors in 4D Pharmawhich led to liquidation. Do not rely on anything from Pirtillion as it is a fly-by-night liquidation business run by Mr. Dodge. Txp have yet again taken shareholders for a ride in their incompetent dealings. They lost Trin for the same reason. Yes I am a significant shareholder.

I remember the interview. Over-levered was fine. . It was fully clear what he meant.. As a foreign language teacher for 30 years, I know it doesn’t matter how you say things as long as they are understood! The words don’t matter. What matters is the smoke and mirrors used to keep shareholders in the dark. That is a modus operandi used across the board , especially in AIM, and that is how this lifestyle company operates too. I think that tomorrow will be interesting in that I don’t think that there will be fireworks of info. I have yet to experience good news in Txp. As a Trin-holder, I was not surprised the Takeover was rejected, although Trin had become a pitiful company itself after BDingwall died. Same old CEO lifestyle incompetence and shareholder deception.

Moan over. See what tomorrow brings(?)