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You know who knows, are they doing a RM big question, I would hope they have everything in place I would guess, when do they pull the trigger if ever right. There not going to go public until all the ducks are in the roll. All you guys are waiting for 10Q it won't be announced in that it will be announced separately.
Hey Pyscho & Zoonall I know this isn't the board to ask this, but that board is wacko and I value your guys opinion. I don't know if you guys read my post earlier today, but wanted to see if you have an opinion. There is not a lot going on this board but us, and now I own both. Play money there serious money here. Anyway if you can give me 2 cents worth I would appreciate it and Psycho I know you are a Moderator on this board, let me know if I go too far. Thanks
I got this excerpt from ZACKS on Reverse Merger or Split. So if Delfin has 70% of TGLO and say they keep it that way and reverse merge with TGLO does that mean from the example below, that existing TGLO shareholders would receive 30% of the new issued shares after merge? According to Yahoo Finance (not sure if accurate) outstanding shares 441.48M and float 106.6M. What does everyone think.
Original Shareholders
If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.
That doesn't make sense if you know for sure like you say that TGLO will be worthless why wouldn't you sell at .12 and bank a $10K profit. It is because you don't know and are hoping your wrong.
I got this excerpt from ZACKS on Reverse Merger or Split. So if Delfin has 70% of TGLO and say they keep it that way and reverse merge with TGLO does that mean from the example below, that existing TGLO shareholders would receive 30% of the new issued shares after merge? According to Yahoo Finance (not sure if accurate) outstanding shares 441.48M and float 106.6M. What does everyone think.
Original Shareholders
If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.
Reverse Split
Some new companies employ a further strategy to increase the number of shares available for use in raising capital. Since the new company has controlling interest, it holds a shareholder vote to reverse-split the authorized number of shares from 100 million to perhaps 10 million and, in the example, as an original shareholder, your number of shares will be reduced from 100 shares in the new company to 10 shares. This would be a 1-for-10 reverse split. The company then holds another vote to authorize 200 million more shares and issues 100 million new shares to raise capital. This further dilutes the value of your original shares. Many companies that have gone public through reverse mergers have large numbers of shareholders who own 10 shares or fewer.
There is your $11.00 nice volume
Pyscho thanks for that, it tells the story, I posted on TGLO before reading this, the article below explains the change of Magellan to TELL and the change of sticker and probably the stock itself. Wish I had MPET at .16 or .26 who cares if Tell honored it great is that what you think the stock justs transfers from MPET to Tell?
Pyscho (not sure why the name, read your posts there good don't reflect the name) Zoonall is good reading. I still don't know if the merged stock transfers to take over the stock of the new company. Zoonall has a good story very informational I haven't found any evidence of the stock transfers, it is like Magellan being taken over from Tellurian, I don't know if that happened I didn't own it before and I don't know anyone that did.
Hey a little out of my league here, I understand the reverse merger, save on taxes, no IPO costs ...etc. When companies do this they change their tickers and why would they let TGLO stock holders go from .13 cents to ... say $10.00 a share with a merge. It just sounds to good to be true I know I don't know enough about it, but why don't they just issue new shares. Is there a reason .. usually in penny stocks anything goes. I like what everyone is saying but just wondering if the RM comes to light why would we prosper.
Okay guys you have me wondering, I know why they do the RM because it is a lot cheaper to take a shell company than IPO, but the company as in Magellan still had a ticker MPET just like TGLO (please don't delete me :) . So why would would MPET or TGLO go up when merged with the company does the new company keep the existing outstanding shares? Tell has a different ticker (than MPET) so why don't they just issue new stock and start from scratch. Need a little help from you two.
Thanks for answering my question on TGLO board, I'm looking into TGLO thanks for the heads up. I went back to PR's when Tell took over Magellan Petroleum Corp. announced 2/10/17 it looks like TELL's chart was around $9.00. Do you know what Magellan Petroleum Corp. price was when TELL took over?
I'm new to the board, and have a question if Delfin does a reverse merger and takes over the ticker TGLO at say .13 cents how does that work. I mean if any company does a reverse split say 1:10 you loose shares but price goes up 10 times and less shares so it is a wash. Does a reverse merger mean you have the same amount of shares at say .13 but the new price is say $10.00 would appreciate some feedback. Thanks
Welcome aboard Thunder, I'll put my 2 cents worth in, not only do you have Sharif but he is partnered with Martin (forget his first name). Go out and see some of his you tubes. Also look at Tell's executive team almost all are from Cheniere Energy. Sharif poached them you don't leave an established company for a start-up unless your sure you have something IMO. If your talking about the FERC approval that will happen Sharif has already got it once and the government is all for it especially Trump in fact they are trying to speed up the process. As far as Tell deciding to go forward that will all depend if they get the funding, we should know this fall. Personally I bought at $8.32 about 3 days before it dropped with all that tariff crap. Oh well never bought anything at the low unfortunately. My opinion if you wait until news (funding, FERC approval ... etc.) you can miss the boat. Is it a risk you bet it is, but there are a lot of people at Tell that have a lot more skin in the game than me. 2 cents
Recovering a little today in a down market
I think it is just profit taking, it has went up the last 2 weeks remember nothing goes straight up. I personally don't have a problem with the stock options, I don't know their yearly pay but usually with a fairly new company like this the executive pay is low to save cash so they are compensated with stock. Besides it keeps the rabbit in front of the dog.
Thanks for going out and getting those PR's
Probably wouldn't be a bad thing if it consolidated here, it was a fast run up here with no news.
I noticed last week it would trade down .30-.50 cents during the day and battle back to close positive. Very good action, getting a lot of attention.
Yes there would be a good jump but according to Meg Gentle the timeline for that is this fall sometime. You never know it might be earlier, it will leak and the run will be before announcement.
Started a couple days before but I agree with you, it is probably the driver. It is nice that it was the CEO Meg and she bought them direct on the open market, which would be the reason why it started 2 days before filing they file after shares are bought. 695,710 shares a chunk of change especially since she already has over 11 million probably thru stock options. Now we need to know the news that she knows about.
Up significantly last 4 days must be news coming out, my guess they are going to announce investors. Anyone in the know or other ideas?
Are you short this stock?
Yes they are suppose to announce investments in the next month or two hopefully
There are several plants that will be coming online in the next few years Charif knows this he will be cheapest exporter at $550 per tonne
I believe they are trying to get acreage from CHK thru equity in TELL not money, don't know if that will happen because CHK needs money
Why would Boeing buy GE because of their aircraft engines? You do know Boeing makes planes and so does their competitor Airbus. Do you think Airbus would buy engines from Boeing
I've been thinking about buying into TELL, been following it since I seen Charif Souki on Cramer a few months ago. From what I can tell this stock is only down from the $11-$12 range due to the past market corrections. Any insight from the board?
Only if the buyers out weigh the people getting out because they lost the high dividend yield.
Not to mention what they owe Mother Parkers
I don't see how they can keep it, from the last earnings they said cash flow would come in at the end of the year @ 7 billion. This was after they predicted 12 - 15 billion a year. The current dividend yearly payout is 8 billion, dividends are paid from cash flow among a lot of other things like growth.
It will be bloody Nov. 13th he will cut the dividend, and if he doesn't then the analyst will barbeque him saying he can't pay for it. Either way he won't be able to win. Time for him to throw out the baby with the bath water, come to Jesus speech, however you want to say it. This guy has no loyalty to anything as he has said before, he is a financial guy they think bottom line expect massive layoffs you don't get to 2 billion savings without layoffs. Early when he first became CEO he said then CFO Bornstein was part of the solution, since then he found out he was part of the problem (hence he is gone) along with that inept Immelt, both were asleep at the wheel. It makes me sick to think about what Immelt made for 16 years not to mention his package. The only good thing is how his name is getting tarnished from everywhere as a blunder. Although all the money he has, guess who is smiling.
Lucky I can't believe that you think Jammin Java will actually come out with their own line of coffee. I don't think they can make it until March for the lawsuit.
Went to Kroger today MC on close out sale One Love 12 cups $4.54 regular $9.54
"We are looking at a potential acquisition of an EBITDA positive roasting and distribution company, and may have investors willing to assist with financing in order to do so." Why do you think they are looking for this .......... because Mother Parkers is out of the picture, they were the roaster and distributor.
Lucky you don't really believe that do you??
They are hurting closed Denver office working out of Brent and Tran's garage reduced headcount. So probably just Brent and Tran left and any others that can't find a job and will work for worthless stock. New Jammin Java products introduced hopefully in November. So if they were able to package some coffee under the Jammin Java name, who will buy it. You ever seen how many coffees are on the shelf jockeying for market share. The only plus (and not much of one for shareholders) is the lawyers are taking it on contingency basis, which means they see a payout so they get their 30% of probably a settlement which pays the firm along with Brent and Tran. They will NEVER get the Marley Coffee license so this company will limp along until the inevitable BK just my IMO
Rohan was that you that deleted my post?
Yes next couple games against Bengals and Packers will tell the tale if they win those it will really be a controversial decision.
Yes I do because of the respect they have for him, although I do believe he will be on a short leash. He might get away with an interception here or there depending on circumstances but if injured again I look for retirement. IMO
Bankruptcy