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Posts made in January, 2017

Tethys Petroleum Press Release: Results of Extraordinary General Meeting

By on Jan 31, 2017 in Press Release |

GRAND CAYMAN, CAYMAN ISLANDS–(Marketwired – Jan 30, 2017) – Tethys Petroleum Limited (“Tethys” or the “Company”) (TPL.L)(TPL.L) today announces the results of the Extraordinary General Meeting (“EGM”) held on January 27, 2017. Extraordinary General Meeting All resolutions put to shareholders at the EGM were passed on a poll at the meeting. Details of the voting on a poll on those resolutions voted on at the EGM, including votes represented by proxies, are as follows: In accordance with applicable Toronto Stock Exchange and Canadian Multilateral Instrument 61-101 rules the votes in respect of the Warrant Exercise Resolution exclude any votes attaching to ordinary shares beneficially owned by Jin Guang Ltd., the nominee company of Medgat Kumar and Prax Pte Ltd., the nominee company of Winston Sanjeev Kumar Soosaipillai. Shares owned by Jin Guang Ltd. and Prax Pte Ltd. each account for 8.6% of the ordinary shares issued by the Company. If all 192,300,000 warrants are exercised and assuming the Annuity and Life Reassurance Ltd. (“ALR”) loans are converted at maturity into 186,316,064 ordinary shares then Jin Guang Ltd. and Prax Pte Ltd. would each own approximately 15.8% of the enlarged number of ordinary shares. Similarly, the votes in respect of the Debt Conversion Resolution exclude any votes attaching to ordinary shares beneficially owned or controlled by Pope Asset Management LLC, Annuity and Life Reassurance Ltd. (“ALR”) or their affiliates. Together these shares account for 17.3% of the ordinary shares issued by the Company. If the ALR loans are converted at maturity and assuming conversion of the warrants owned by Jin Guang Ltd. and Prax Pte Ltd. the percentage of the enlarged number of ordinary shares owned by Pope Asset Management LLC, ALR and their affiliates would be approximately 30.9%. About Tethys Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. Disclaimer Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to the potential that exists in both exploration...

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Press Release: CoinDesk Acquires Lawnmower, Accelerating Growth in Research Offerings

By on Jan 31, 2017 in Press Release |

AL, January 30, 2017 at 16:57 GMT New York, New York – Jan. 30, 2017: CoinDesk, the leading media events business in the bitcoin and blockchain industry, announced today that it has acquired Lawnmower, a blockchain data and research platform. The full Lawnmower team will join CoinDesk in its New York office. Founders Pieter Gorsira and Patrick Archambeau, who built Lawnmower’s popular digital currency portfolio tracking application, will lead CoinDesk’s engineering team, while co-founder Alex Sunnarborg, who led Lawnmower’s content and data products, will join CoinDesk’s research team as an analyst and lead content curation for CoinDesk’s events, including its flagship conference, Consensus, which will be hosted in New York on May 22-24, 2017. “The investment tools, research, and market data products we’ve built at Lawnmower mesh perfectly with CoinDesk’s established brand and continued vision to be the preeminent name in blockchain news and research. We’re thoroughly excited to come onboard and help shape the future of digital currency,” said Pieter Gorsira, co-founder and CEO of Lawnmower. Lawnmower first launched on April 9, 2015 during Boost VC’s “Tribe 5” program with a micro-investment application geared towards bitcoin’s retail investors. The company’s tools allowed users to round-up credit and debit card transactions and automatically convert “change” from their purchases into bitcoin. As the blockchain industry grew to support multiple digital currencies, Lawnmower added research tools to its users, offering in-depth analysis on a number of the largest digital currencies. The acquisition announcement coincides with the expansion of CoinDesk’s research division, which will include subscription research on blockchain protocols and their use cases, as well as data offerings and research on digital currencies and blockchain tokens such as bitcoin and ethereum. “As the largest bitcoin and blockchain media and events company, CoinDesk is uniquely positioned to expand into research and offer high-value data products to organizations looking to study the opportunities and challenges posed by blockchain technology,” said Ryan Selkis, CoinDesk’s Managing Director. “The tools and expertise the Lawnmower team has built over the past two years will accelerate the growth of our new research division, and add critical depth to our product team.” CoinDesk has published its quarterly State of Blockchain report, a deep dive into the bitcoin blockchain space,...

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Delft 2017 Highlights Concentrated RMBS Refinancing Risk

By on Jan 29, 2017 in Press Release |

<!– td.tag-head{ background: font-weight: bold; } Tagging Info Close window Press Release General Info Title: Publication Date: Report Type: File name: Highlight Flag: Mkt Focus Flag: Rating Group Mappings Rating Group ID Rating Group Name Rating Subgroup Mappings Rating Group ID Rating Group Description Bond ID Ratable ID Subgroup ID Bond Name Market Sector Mappings Market Sector ID Market Sector Description Region Mappings Region ID Region Name Country Mappings Country ID Country Name State Mappings Other Info Origin Contact Info PDF Directory Close window –> Endorsement Policy – Fitch’s approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of the EU Regulation with respect to credit rating agencies, can be found on the EU Regulatory Disclosures page. The endorsement status of all International ratings is provided within the entity summary page for each rated entity and in the transaction detail pages for all structured finance transactions on the Fitch website. These disclosures are updated on a daily...

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US Corporate Share Buybacks Ongoing Risk for Bondholders

By on Jan 29, 2017 in Press Release |

<!– td.tag-head{ background: font-weight: bold; } Tagging Info Close window Press Release General Info Title: Publication Date: Report Type: File name: Highlight Flag: Mkt Focus Flag: Rating Group Mappings Rating Group ID Rating Group Name Rating Subgroup Mappings Rating Group ID Rating Group Description Bond ID Ratable ID Subgroup ID Bond Name Market Sector Mappings Market Sector ID Market Sector Description Region Mappings Region ID Region Name Country Mappings Country ID Country Name State Mappings Other Info Origin Contact Info PDF Directory Close window –> Endorsement Policy – Fitch’s approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of the EU Regulation with respect to credit rating agencies, can be found on the EU Regulatory Disclosures page. The endorsement status of all International ratings is provided within the entity summary page for each rated entity and in the transaction detail pages for all structured finance transactions on the Fitch website. These disclosures are updated on a daily...

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‘Everywhere’ is the new project from GTA boss Leslie Benzies

By on Jan 28, 2017 in Press Release |

Leslie Benzies — the former Rockstar North and Grand Theft Auto boss whose unceremonious departure from that company resulted in an ongoing lawsuit last year — is back in the news, but this time for his new project instead of his past projects. “Everywhere” is the working title for Benzies’ new game, a new video game built on Amazon’s Lumberyard Related ‘Everywhere’ is ‘very different from GTA,’ but still about freedom “The working title of this new game is ‘Everywhere’ and the vision is long term, with the capacity to develop and grow forever,” Benzies said in a press release. “Our goal is to create a platform where players can be entertained, and also entertain others while blurring the lines between reality, and a simulated world.” Benzies was credited as director of Grand Theft Auto Online, the ambitious (and hugely lucrative!) online component of Grand Theft Auto 5. “The Houser brothers had little interest in GTA Online, and did not focus on its development,” Benzies claimed in the lawsuit. That focus on game as service appears to be in play with Everywhere. This kind of platform-scale ambition is seemingly enabled through the studios use of Lumberyard, Amazon’s “AAA game engine deeply integrated with Amazon Web Services (AWS), including Amazon GameLift and Twitch.” That quote is from the very first paragraph of the press release, highlighting the importance the new studio is placing on its technology choice. “Amazon’s technologies and cloud services provide us the power and flexibility to create a new type of game that was never before possible for today’s massive gaming communities,” Benzies says. “Lumberyard’s client and cloud features free us up to focus on the innovative, creative elements of our game.” Amazon announced the free-to-use Lumberyard last February. While the engine has no requirement to share revenue, unlike other engines like Unreal and Unity, Amazon hopes to profit from the online features like GameLift and AWS. As far as Amazon’s bona fides in the game engine space, Lumberyard is built on top of CryEngine, an engine renowned for its graphical fidelity. Just last month, the studio behind crowdfunding darling Star Citizen announced it was shifting development from CryEngine to Lumberyard. Related The great Grand Theft Auto...

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