OTCPK:TLSMF - Post by User
Post by
modulexon Nov 29, 2014 10:44am
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Post# 23176918
WILL TLM $5 RANGE/SHARE PRICE SPEED UP THE COMPANY SALE?
WILL TLM $5 RANGE/SHARE PRICE SPEED UP THE COMPANY SALE?
WITH ONE MONTH TO GO IN 2014, WE SHOULD KNOW IN DECEMBER WHAT PRICE WILL BE PAID FOR THE "MARCELLUS" ASSET. THE DIVIDEND SHOULD BE ABOLISHED. FOR A STOCK THAT LOW IN PRICE AND NOT ESPECIALLY TRADING HEAVILY (I WOULD EXPECT MORE LIKE 10-15 MILLION SHARES PER DAY IN CURRENT CIRCUMSTANCES), IT DOESN'T APPEAR THAT THE BANKS ARE YET AFRAID OF ANY DEFAULTS FROM THE COMPANY. THE APPOINTMENT OF A NEW CEO IS BEING DELAYED, PERHAPS BECAUSE THE BOARD WILL CONSIDER IT MORE APPROPRIATE TO ASK HAL KVISLE TO STAY ON A BIT LONGER AND PURSUE ASSET SALES AT THE BEST POSSIBLE PRICES OR ELSE THE COMPANY MAY PUT ITSELF FOR SALE ALTOGETHER. A NEW CEO COULD NOT BE APPOINTED FOR A FEW MONTHS, IF THE COMPANY'S TARGET IS TO PUT ON THE BLOCK?