Recent

% | $
Quotes you view appear here for quick access.

Triangle Petroleum Corporation (TPLM) Message Board

  • stan91724 stan91724 Mar 28, 2014 4:41 PM Flag

    It does say on the SA site that tplm will not receive any money

    So I don't think this is dilutive...Just a large investor that wants out...PDS went through the same thing recently and then rebounded in a huge way...We will see...glta

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • shelf registration for the convert .sec filing on company website

      • 1 Reply to rc19562000
      • correct. converting debt to shares.

        Includes 16,094,242 shares of our common stock issuable to NGP upon conversion of the Convertible Note held by NGP with an outstanding principal balance of $128,753,940.59 as of December 31, 2013, at a conversion price of $8.00 per share.

        (5)Includes (i) 16,094,242 shares of our common stock issuable to NGP upon conversion of the Convertible Note held by NGP with an outstanding principal balance of $128,753,940.59 as of December 31, 2013, at a conversion price of $8.00 per share, and (ii) 3,296,571 shares of our common stock which may be issued to NGP upon conversion of the Convertible Note, assuming the Convertible Note remains outstanding from the date of this prospectus through September 30, 2017. Please see above for an explanation of the assumptions underlying our calculation of the aggregate number of shares of common stock which may be issued to NGP upon conversion of the Convertible Note.

 
TPLM
5.33+0.25(+4.92%)May 21 4:01 PMEDT