Member Info for Teacup64

Oh, I should add, for the next placing to even get started, it requires that the company first finds a broker...obviously ;)

SVS Securities, the company broker, provided their services to insert placing shares into the market at 8.5p. Many buyers of the placing shares called foul after news was released concerning the delay, which resulted in buyers trying to cancel their purchases using the arguement of a non-legally binding contract. Their claims stem from the fact that the company may have known about the delays before committing to dilution. SVS Securities have responded by invoking their right to cancel the contracts, and therefore cancelling the placing at 8.5p. Tomco are currently seeking legal advice to in respect to whether SVS's right does exist or not. I will look for the regulation that grants SVS this right, but I'm absolutely confident that SVS will be correct in law. SVS Securities have then also stepped down as the companies broker, leaving the company brokerless and in search of a replacement. Why they stepped down is open to speculation as to who is responsible. Without a doubt, the volitiliy that this will create in terms of SP is damaging, hence the move for the company to voluntarily suspend the shares from trading. What does suspension mean? Well, until the company drops the suspension, your shares are not going anywhere. They're value is effectively locked into the company. Buying and Selling will continue once the suspension is lifted. The risks? If the company delists from the market through choice, or financial pressure....your shares are then worthless. If However, the company is suspending trading solely for the purpose of short term damage limitation, then without touching on the subject of price devaluation, when the suspension is lifted, you will atleast be able to sell your shares, or wait for the future. Being fair, and on the condition that the company can find buyers for the next placing, then in my opinion, the company will survive this issue and continue trading.

Ha! At least we don't deal with carrots here at CERP right! ;)

At 60p per carrot(The entire Venezuelan oil industry)...I get a feeling I may be called a ramper if I tried intergrating carrots into the business ;)

LLL - Lol, that did cross my mind, but I overlooked it. Very good ;) HH - Thanks for the info, I thought the survey covered far more than just the SW.

LLL - I understand the technicalities that may arise when actually calculating reserves, but it was a good read nonetheless....not sure why I would appreciate it more than anyone else though? Without digging through my notes, I'm pretty sure that the Arkex study covered a larger area than just the SWP. I'm certain someone will correct me otherwise.

LLL - Sometimes there can be exceptions to the rule.....Terrible song though, one hell of an as s in the black bikini mind ;)

....To be fair to Leo and the team, I don't blame them for not responding to you, nobody else is listening to you either, lol

GabrielOak - Dont be lured by the calls of the sirens. Better to move on and enjoy life ;)

Seriously, if I was you, I would disappear as fast as you can, otherwise you may get trapped in a conversation with Mr Positive!

Hahaha, indeed. I guess we'll have to wait to see if it's the same old games still.

I backed off after the last RNS. I was also aware that an update regarding omnia was upcoming "shortly".......it better do anyway! ;)

....I'm hoping Colin releases the Omnia details this month, possibly even an alluvial contractor announcement as well as i'm starting to get fidgety!

"Benson & Hedges(B&H) Chief Executive steps down after Ross siezes the largest share of filters. The board of B&H expresses regret, pledging to shareholders a return to top position, but admits that it will be a challenge".

Reading this BB is no different to reading last month's newspaper again. Same old! ....any guesses who the tits on page 3 are?

Haahahaha, good post HH.

Grab yourself a tissue as well, your dribbling down your chin!

IK - If you actually interpreted it correctly like others did, rather than like a spastic, you would have realised that the assets are representative of the actions the company takes, not the assets actually being fruit & veg....Lol, you absolute plum! ;)

JY & D220 - Look, I don't currently see things as merry as you both clearly do, and there's nothing I can do to change your opinions, or anyone's for that matter. Don't get me wrong, I've been watching this share for a long time now, I'm here for the same exact reason you are. For me, it's more of a matter of timing. Perhaps, I have been too vocal with my opinion lately, I just say things how I see them.

So the creator of Spiderman has passed away. Well i'll tell you this for nothing, i did'nt need a radio active spider to bite me as a teenager so i could start flicking a sticky white substance off my wrist.