Transmeridian Exploration, Inc (fka TMYEQ)

[buhg1b]

Management vs. Jr. Preferred 18 JUN 2008

from YMB

by bdk4pop

"We will have roller coaster stock prices until June 18. The Junior Preferred shareholders have and will continue to short this stock. They are due nearly $20 million on June 18 if the company is not sold by then. No way TMY can pay that in cash--they will have to pay in stock. The Preferreds will receive stock based on 97% of the June 18 closing price. The lower the price, the greater the number of shares they receive. Management will do whatever they can to support the price. If they don't, they will loose control of the company. Look for 1st Q. revenues in the $16-18M range and after that an announcement that they have stimulated the five wells boosting production, taking advantage of the record oil prices."

An excellent post imho! GLTA.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_T/threadview?m=te&bn=23748&tid=84572&mid=84572&tof=4&frt=2#84572