Member Info for Parpaing

Oil increasing in price. Good reason to have a farmin and get drilling. We will need oil for at least another 30 years if not longer. There is not enough raw materials to make all the batteries for electric cars and where will city and town dwellers charge them?

Drug trials for human use take between 5 to 15 years before they are approved. Using an app and software won't alter this.

But did biome Tech make the material for the eco caps?

Shares Traded: 800 - Prepare for increase in trading volume.

The good news is that I have at last received my OO allocation but the bad news is I didn't get the extra shares I ordered in the subscription. So I have had to buy them today at 2p on the market thanks to the dopey, expensive broker (a bank) !

So Jeremy now owns 27.3%. He is very confident. Looks like a rise is due soon.

Timetable?
Still haven't received the OO allocation nor the additional shares requested. Where is the OO allocation on the timetable?

I haven't got my extra shares from the OO yet. Maybe we have to wait for the Bahama office to wake up, even though their office is supposed to be in the IoM.

Completion of Placing - Issue of Second Tranche Shares

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that, further to the Company's announcement on 15 October 2019 regarding the completion of a placing and subscription for £1.5 million, the issue of 349,643,617 new ordinary shares has now been completed ("Second Tranche Shares").

The Second Tranche Shares comprises 338,076,923 placing shares and 11,566,694 commission and fee shares.

Application will be made for the Second Tranche Shares to be admitted to trading on AIM. It is expected that Admission of the Second Tranche Shares will occur on or around 15 November 2019.

Following admission of the Second Tranche Shares, the Company's enlarged issued share capital will comprise 1,104,605,208 Ordinary Shares of 0.001 pence each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Of course there is MM manipulation. When the SP is 2.075 what's that?
2.075 doesn't exist in a shop or a bank. It should be 2p or 3p or 1p using the legal coin of the realm. The MMs are only interested in commission. They don't care about up or down. The MMs will drop an SP to gain stock and raise the price to sell their stock. The MMs have complete control over the prices. This is no different to a casino or a horse race.
If i was reall y interested in beating this system I would invest in a superfast computer, Level 2 and high fiber speed. But I would also need to be in with a bunch of mates when we would buy and sell at agreed timings. If this share does work to our expectations, I will invest in hardware and software to make a living out of it.
Check this out: https://www.investopedia.com/articles/financialcareers/06/mmakertricks.asp

doesn't seem to be any interest in this company, yet it is at the cutting edge of technology and changing oil-based plastics into something compostable. There are other companies that appear to b3e focused on selling their products, but BIOM is more focused on research and development. I suggest that they start selling their plastic bags, cutlery, mugs, plates etc.
Perhaps they should organize two companies - one for bioplastics and the other for the fiber furnaces. Then have a CEO for each so that they can concentrate on their respective markets.

I hold BPC as well as TRP so BPC could cover any losses from TRP. Have a good day all LTHs.

Namibia is probably still glowing in the dark if the theory that the survey can see similar items to Argentina in the rocks. Unfortunately, Repsol used an untried new rig/ship to drill and didn't drill far enough down. Argentina is thick oil and very deep, and expensive to recover. Why TRP paid Repsol is completely beyond me. Repsol didn't publicize its work in Namibia so must have been embarrassed.

So I'M going to get my extra shares I asked for in the OO. That's good news.

Molokai - I have got confirmation of my OO allocation but not the e TRP shares requested from the subscription. Maybe tomorrow.

I got my OO allocation and the money has been taken from my account.. But although I applied for two and a half times more in the subscription, i haven't received any yet and no money from my account has been taken.

My broker has taken the money for the OO but it doesn't appear that I have got any extra shares from the OO.

It's the MMs. They can take the SP to zero if they want. They are dropping the price to get sellers. The Ms will mark the SP up when they gave enough stock and news breaks. The MMs probably know a good RNS is coming.

Jim, the board couldn't do anything else as it was the BG preventing drilling in 2012 and every year since . Plus it could be that the US oil players and government had something to do with holding BPC up. We will never know. But now BPC has to drill a well in 2020 so all the LTHs are into the OO as much as they can because we are going to drill. GLA!

monoco65
Yes, go for it. The SP will definitely go to 4p shortly so you will have doubled your investment on the OO. I have been an LTH and I bought at 20p yonks ago. I have taken up the OO and applied for more because I believe that the SP will easily be 10p in December and I will sell two thirds of my holding which will cover all my disaster AIM investments. The remaining third will be a free ride to pre or post drill when UI expect to make some dosh for a change.