Saturday, August 29, 2020 9:21:13 AM
TELL RM'd into Magellan Petroleum on 2/10/17. The RM was announced on 8/3/16. Magellan Petrol was an existing traded company that was floundering at around $1.2 pps at the time of the announcement. The day of the announcement MP bounced to a high of $5.0ish to settle at $2.5 EOD.
Probably because MP was an active company it took until 2/10/17 to consummate the RM. During that 6 month period leading up to the RM, MP's pps bounced around to a high of $16. (See Chart Below.)
On 2/10/17 MP ticker became TELL and closed at $14.21. EOD 2/13/2017 Monday, the new ticker TELL closed at $12.24. TELL hit a high of $21 in February to settle into the $12 range in March probably due to the announcement that TELL would issue an additional 190,000,000 shares and to reflect a more accurate market value.
From my quick search it does not look like TELL did a RS at any time.
THE ABOVE INFORMATION IS PRESENTED ONLY TO SEE HOW THE TICKER'S MOVED BEFORE DURING AND AFTER. I fully understand that there are MANY dissimilarities between TELL and Delfin/TGLO to include capitalization, revenue estimates, cost structures etc.
https://www.barchart.com/stocks/quotes/TELL/interactive-chart
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