Just announced: possible 50 million new shares from tMEDS offering
So tell me I am reading this correctly?
For $25, you get between 4.8... And 5.3...whatever shares (with no additional paid in money) and you also get about 6.5% interest per year on your original $25 investment for 3 years, then in three years you get the shares, at the ratio above, and can sell them for whatever the going price of the shares are at that time....
Is this correct?
And are these tmeds going to be trading along side the stock?
And are they callable?
Seems like they ought to trade at a small premium to the stock price if they trade, since you get what is essentially a dividend?
Agree with many on here, they should have offered warrents to existing shareholders first....
First of all, serious kickbacks can be given to managers and board. Second, this offering explains why price went down and who is shorting (probably not only banks who recommends TC as a buy just a few weeks ago, but managers also). Third, with the crooks and scumbags in charge you may expect more "strange" things. I think that SEC investigation is needed - it looks more than just stupidity.