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Note for ALL. Tyche Europe inform me that tomorrow (Friday 20th) is the LAST day for PRivate Placements prior to the stock being tradeable................obviously they were quite busy so I couldn´t get more details from them.
Financials. A couple of people asked for Financials on BIGN. This link gives you the last published ones.
http://www.pinksheets.com/quote/finance.jsp?symbol=BIGN
European Office is in Spain. check their IR page, Int Code 0034
Guys, a business associate of mine, also a tyche shareholder has some property near to Tyche´s offices in Spain. He went to visit them last year whilst in the area. They had a couple of offices with around 20 people working there.
In Spain they run European IR and personnel for all native Spainsh speaking personnel working as contract staff on projects.
I spoke to him today to recap on this. He was very happy with what he saw and who he met.
News from Tyche. Guys just got off the phone with Tyche. As I was buying more shares pre IPO at $0.25, I was advised that all transactions had to be completed by 31st March, after that the books are closed.
Reading between the lines, this means trading starts shortly afterwards. They did not disagree, just wouldn´t commit to a date.
TYEG still selling PPs at $0.25. They say trading starts next month
Good point Silver, and a business associate of mine bought at $2.50.
The word from Tyche is this. Anyone who has bought who has not yet received Certs will get the dollar value of their investment, divided by $0.25.
My associate bought 10,000 shares at $2.50, and he will actually get 100,000 shares as a result, so Tyche are playing it fair.
New pre IPO Tranche available at $0.25!!
Just to let you know Tyche are now issuing a Special Tranche, Post Split. PPs available at $0.25 per share. The minimum they are offering is 12,000 shares or $3,000; the Maximum is 80,000 shares or $20,000.
There is a four week window for this apparently, but they wouldn´t say any more. Maybe this means...........
This came from our friend Mr Ritchie this morning.
New pre IPO Tranche available at $0.25!!
Just to let you know Tyche are now issuing a Special Tranche, Post Split. PPs available at $0.25 per share. The minimum they are offering is 12,000 shares or $3,000; the Maximum is 80,000 shares or $20,000.
There is a four week window for this apparently, but they wouldn´t say any more. Maybe this means...........
This came from our friend Mr Ritchie this morning.
I boutht TYEG at $1.00. Some bought at $1.50 and some at $2.00. In all cases we are getting the 5 for 1 and Tyche extended this for Pre IPO investors settling up to 23rd March. Personally I don´t feel misled.
On the contrary. Us pre IPO investors are getting a 5 for 1 divvi also.
Satori. Right and Wrong!
In this case this is a 5 for 1 additional split. In the press release it says in addition, and that original share certs not to be surrendered.
Mr Ritchie verified this, i.e. 1 share at $4.00 equals 6 shares at $4.00, ie. $0.66 per share.
Of course then any nominal increase in stock price going forwards is multiplied by 6!! Happy days.
THENNNN, now we have TYEG at $1.50. Am waiting on a call back from Mr Ritchie to see wether or not this is the value of the new split stock. If so Happy Happy Days.
Will let you guys know
Nicholas Ritchie at Tyche told me they need a PPS value of less than 1 Euro in order to start liquid trading on the DAX.
A five for one split on a $4.00 stock equals six new shares at $0.66, which equates to €0.50.
The SEC has suspended trading.
SEC Suspends Biogenerics ..............http://biz.yahoo.com/rb/070308/spam_sec.html?.v=1
SEC Suspends Trading on BIGN. Suppose everyone saw this but just in case.....http://biz.yahoo.com/rb/070308/spam_sec.html?.v=1
Tyche has posted on DAX, it is not trading yet. Tyche tell me that liquid trading will happen VERY soon.
Spot on!
Just spoke to Tyche on split. Guys just spoke to Nicholas Ritchie in Tyche´s European office.
The 5 for one will mean the overall value per share of tyche will be reduced by 6, as the original shares you held will still stand. IE post March 9th, TYEG.PK will show as 0.66.
They are doing this in readiness for their dual listing on the DAXX in Frankfurt, where there is a prerequisite requirement to list less than 1 Euro. The Euro value of TYEG will be 0.50.
Tyche say the amount of press they have off the back of this will see a marked rise in the new stock price on both markets.
Forward Stock Split. Doesn´t this mean that the $4.00 valuation of Tyche is suddenly reduced to $0.80. That would certainly be the case if TYEG were liquid stock.
Now as we´re pre IPO, what happens and what is the benefit to Tyche of doing this????
Tyche Company Registration. Hi guys. I am a modest Tyche shareholder considering adding to my investment.
Does anyone know where I can find Tyche´s Company Registration Number, or US equivalent.
As this is my first investment outside of Europe I dont know where to look!!!!!!!!!!! Thanks in advance.
Regarding Tyche Energy.
Hi guys. I am a modest Tyche shareholder considering adding to my investment.
Does anyone know where I can find Tyche´s Company Registration Number, or US equivalent.
As this is my first investment outside of Europe I dont know where to look!!!!!!!!!!! Thanks in advance.
(PS I know this is msinly a BIGN board but it seems more active!!!)
No they rang me with an update !!
NASDAQ green light for trading. Tyche contacted me and said that they have full approval for public trading.
My restrictions will be lifted on day one of trading I am told.
Their Private Placements are now in Tranche 3 at $2.00, and they have just shy of 900,000 shares left at this level
Then its 1,500,000 at $2.50, then free trading which they expect to be May or June.
Happy Days !!!
NASDAQ green light for trading. Tyche contacted me and said that they have full approval for public trading.
My restrictions will be lifted on day one of trading I am told.
Their Private Placements are now in Tranche 3 at $2.00, and they have just shy of 900,000 shares left at this level
Then its 1,500,000 at $2.50, then free trading which they expect to be May or June.
Happy Days !!!
Absolutely correct, although the restriction is lifted on day one of trading, for people buying over here (UK)
BIGN was orignally sold in Europe as REG S 144 stock, at hugely inflated rates. Nuff said!!!
Tyche Ritchie. The number you have is Mr Ritchie's direct line, according to my records. The other "main" Tyche number is answered by a receptionist.
Tyche More info.........
I bought the stock in US. When I was called by Mr Ritchie the Sterling equivalent was told to me verbally. They send out an agreement form when you agree an amount and then I wired them the money from a sterling account - via TT - and the bank take care of the dollar conversion.
As I remember correctly about the Trances there are 5 million shares pre IPO. T1 had 500,000 at $1.00 and T2 - 4 have 1.5m shares each.
I am advised the restriction on my stock will be lifted as soon as Tyche becomes tradeable and I can sell some or all then. Targetted to be Q3 2007.
All of this info was provided over the phone. Previous to this I was emailed a 6 page document. If you PM me an email address I can get this to you altho it doesnt say much more than the website.
Also I have an option to buy further TYEG at $1.00 for three months from when I bought.
Hope this helps.
S
Reply to Tyche Queries.
Hi guys. A couple of people asked me about getting a prospectus and more info on Private Placements through Tyche and the tranche system they are operating pre IPO.
I am not a BIGN holder. I was contacted by their European Office proactively - probably as I hold a lot of Energy stock on the AIM and FTSE in London
Like I said, the guy I dealt with was Nicholas Ritchie in their European office. He is on 0034 952 902 782.
They send out what is more like a high level information pack on Tyche's direction and business.
They are quite happy to explain over the phone, the Tranche system - I believe there are 4. T1 at $1, T2 at $1.50 which they are in now, T3 @ $2.00 and T4 at $2.50. After that they will allow trading to begin.
With yesterday's jump to $4.00, things look good, I think.
Hi Guys,
New to this board. I am a UK resident and have recently invested in Tyche Energy. For all non US residents they are offering pre IPO stock in TYEG in four Tranches of shares. I bought in at Tranche 1 at $1.00 per share. They are now in Tranche 2 at $1.50 per share. Pretty good ROI I think.
Also Tyche will begin trading in Q3 next year and all restrictions on my stock will be lifted from day 1 of trading!!!!! Also it looks like we will see further increases in TYEG before trading commences.
I spoke to a really helpful guy called Nicholas Ritchie on 0034 952 902 782. I got my certs within 2 weeks.