50.8m shares for $83.4M = $1.65 a share. The $100M possible is credit support repaid @ about $10m. Still 5-1 to 10-1 RS authorized. Total wants a platform to sell NG and building efficient trucks is being supported by this deal too.
Long term I'll be back but IMO we go below $2 and RS may happen there. Why authorize a RS to be done this FY? 2 new BOD members from Tot at May Q meeting. BTW I don't drink but may have chemobrain, but traded this well. I said pullback to $2.50/2.75 when this was $3.50 where I sold into exuberance (bought @ $1.77). DCB happening now with no real short term accretive money in these deals. Longer term is good but too many issues for me now. All JMHFO...GLTA...
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