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Started By
Message
re: Anyone holding Tellurian?
Posted on 4/14/23 at 9:54 am to thejudge
Posted on 4/14/23 at 9:54 am to thejudge
Announced yesterday that stockholders will vote June 7th on dilution. Proposing doubling the shares to 1.6 billion shares.
So 800 million additional shares potentially. Stock price today $1.65 equals 1.32 billion.
Reuters Link
So 800 million additional shares potentially. Stock price today $1.65 equals 1.32 billion.
Reuters Link
2
Posted on 4/14/23 at 12:01 pm to Zissou
I bailed at earlier this week @ $1.61. Still took a loss, but it just felt like there was still too much funding needed to get over the hump. Now we know.
Posted on 4/14/23 at 3:34 pm to Zissou
quote:
Proposing doubling the shares to 1.6 billion shares.
This is correct. The probability is up in the air as to whether they do it.
This gives them the option if they feel they need it.
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