Monday, June 22, 2020 5:51:22 PM
Gulfslope’s reported Shares Outstanding as of 9/30/2019 was 1,092b, as of 12/31/19 it was 1.148b, and 1.21b for a while now.
Remember, Gulfslope had that June 21, 2019 Securities Purchase Agreement (SPA) with all the SEC Form S-1, Admendments 1 through 2, etc. No additional securities were registered under all those Admendments
Reminder, Gulfslope also registered the +-35m shares to Delek for the Tau-1 well insurance monies. Which in no way do I believe they are selling right now. Along with some immaterial employee registrations, and in no way do I believe they are selling those either.
This Gulfslope Shares Outstanding chart is OLD News!
Like I said earlier, obviously there are multiple trading scenarios happening right now, but the Common Factor
Is they all have a buyer.
I believe there is a lot of Recycling going on right now with many of the GSPE’s shares. Ebb and Flow
Things will get REAL for GSPE once their is a Tau-2 well SPUD date.
Smith
These are my personal opinions.
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