Franconia
20 Jul 2017
Placing RNS 6.25m shares at 4p!! No wonder the share price has been falling.... I guess it will now fall further to the placing price.
Stoater
05 Jul 2017
Re: Consolidation The downward trajectory continues at between 5&6% per day since the consolidation. I guess you could extrapolate the the graph to see when we arrive back to a tenth of a penny.......My gosh holding this share certainly makes for a depressing experience!
Franconia
30 Jun 2017
Sneaky 5.30 Friday RNS Interim results out. No great surprise but with £51k cash as at 28/6/17, the BOD are looking to raise funds. I guess we can expect a discounted placing. Hopefully only a small one.....Well, that's not going to underpin the SP at these new consolodated levels
Stoater
20 Jun 2017
Re: Consolidation Well the consolidation hasn't done us any favours so far! The share price has dropped around 40% from an initial opening that looked to have given us a new higher baseline. The joys!
Franconia
11 Jun 2017
Consolidation Dont panic when you see that your shareholding is much reduced tomorrow morning! Consolidation takes effect from 8.00 Monday. The mechanics of the consolidation are all very well. What I am interested in is will it do anything to transform the prospects for SP growth? Will Tomco be seen as less of a (not even) penny share? I would certainly like to think that this is the start of a fight back and that Management are now refocussed on what we all invested in - oil shale. Let's see what happens tomorrow and whether the momentum from last week continues....
Franconia
03 Jun 2017
Media Reports Reporting of yesterday's news:[link]
Franconia
02 Jun 2017
Company Update Surprised no one has posted today give significance of the update. Looks as if TurboShale might get off the ground, although theuy have not as yet raised funding. This looks to me as if they already know where the money is coming from though:"TurboShale is seeking to raise up to US$1.5 million by way of a private placement, the net proceeds of which shall be applied to its laboratory testing programmes, further patent applications and to general working capital."The other good news is that Red Leaf are not quite dead in the water:"Red Leaf Resources Inc. .... has reached a settlement agreement with Total E&P USA Oil Shale, LLC. The settlement releases both parties from any obligations related to the RedLeaf's Seep Ridge site, and whilst the details of the settlement have not been disclosed, TomCo understands RedLeaf has in excess of US$100 million in available cash and no debt and that it intends to continue to pursue its business plan of commercialising the EcoShale Process."So, Red Leaf now have funds to continue without Total which can only be good for Tomco.This might bactually go somewhere yet....!
Stoater
18 May 2017
77% of us are about to be consolidated out of existence From yesterday's RNS announcement the shareholder base is about to be dramatically reduced in size.......Share Capital Consolidation and Sub-Division As at 16 May 2017 (being the last practicable date prior to publication of the Notice of Annual General Meeting), there were 2,847,189,198 Existing Ordinary Shares in issue and the Company had 2,725 Shareholders. Of these, some 2,097 shareholders had holdings worth less than £17.50 (based on the closing mid-market price of 0.07 pence per share as at 16 May 2017) representing approximately 77 percent of the total number of Shareholders, but only 0.32 percent of the Existing Ordinary Shares. The Board believes that the current size of the Shareholder register is disproportionate for a company of its size and that, consequently, it is not in the Company's best interests to continue to bear the financial and administrative burden of servicing such a large shareholder base. Further, the Board believes that, due to their small holdings, many Shareholders may have considered selling their Existing Ordinary Shares but have decided not to do so in the light of dealing and administration costs relating to such a sale. In common with other companies in similar circumstances, the Board is therefore proposing a restructuring of the Company's issued share capital, the aim of which is to reduce the number of Shareholders thereby achieving cost savings for the Company, whilst at the same time returning value to Shareholders with smaller interests. An objective of the Consolidation and Sub-division is to create a shareholder base and share price that is more in keeping with the size and nature of the Company. An integral part of the Consolidation will be that it will reduce the number of shares in issue and the Board believes that will benefit the Company and Shareholders as a whole. The market price of a New Ordinary Share immediately after completion of the Consolidation and Sub-division is expected to be approximately 125 times greater than the market price of an Existing Ordinary Share. The Board believes resizing the Company's issued share value may also encourage greater liquidity and may result in smaller share dealing buy-sell spreads. The Directors believe this will lead to the Company having a more readily understood share price and number of shares in issue. Consequently, the Directors believe the Company's shares may be more attractive to some investors. In accordance with its Articles, the Company may by resolution consolidate and divide all or any of its shares into shares of a larger amount than its existing shares and sub-divide its shares or any of them into shares of a smaller amount.
Franconia
31 Mar 2017
Annual Report - Chairman's Statement Two things stand out to me:"the Company’s cash flow forecasts indicate that an additional fundraising will be required over the next twelve months, ..."" The Board have decided not to proceed with the palm oil project"
Franconia
14 Mar 2017
RNS : NED Appointment At last some news, albeit not terribly exciting!Maybe that will clear the way for some real news of progress...Oh, and this was posted on LSE by gorgeousgeorge:[link] a "promotional video" I am not sure it was very upbeat. 
Franconia
27 Jan 2017
Re: Warming grandslam - look at the trading! Ten times average daily volume today. And trades at and above .09 including one of 17M. Looks very much like signs of life to me.A poster on LSE (thx Shadoww) posted this article:[link] the energy sector in the US is different now.
grandslam2005
27 Jan 2017
Re: Warming What has prompted that comment?I have seen no news releaseGS
Gold or Silver
27 Jan 2017
Warming This is starting to look .Very ,very very promising.Come on Tom
Franconia
24 Dec 2016
Going Forward Ok, so what has been achieved this year? "Not much" would be the simple answer. However, the company IS still functioning and has SOME funds. Worringly we went from Around £375k as per RNS on 7/10 to £285k as per RNS 22/11 due to "settlement of accrued liabilities" presumably costs in relation to the abortive Palm Oil project. With recent board, adviser and broker changes you would have to question if there has been some sort of crisis of manangement, or at least direction. Hopefully a refocus on oil shale will produce some results especially with a Trump govt in place and an Oilman as Secretary of State! What I would like to see in the New Year is a plan as to what will be done next and how this can be moved forward. With the Oil Prices showing some signs of life, 2017 just might be a good year for Tomco.Marbella Mike - are you still out there? Your views appreciated.GLA and Merry Christmas
Franconia
22 Nov 2016
RNS Palm Oil Project Canned A complete waste of time that was. At least the move back to shale oil might be well timed with the US President Elect in favour of a more loosely regulated energy policy. Let's hope for some progress in 2017.
