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Triangle Petroleum Corporation (TPLM) Message Board

turee_hugger 2 posts  |  Last Activity: Sep 15, 2014 1:20 AM Member since: Mar 4, 2003
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  • Not sure why nobody mentioned this the other day...but this announcement is in the 9/11/14 8K filing on the SEC website: "The Company’s Board of Directors has approved a share repurchase program authorizing the repurchase of $25.0 million of the Company’s outstanding shares of common stock from time to time, in amounts and at prices that the Company deems appropriate, subject to market and business conditions and other considerations."

  • Reply to

    Cleaning up the books

    by g8trgr8t Jul 9, 2014 9:55 AM
    turee_hugger turee_hugger Jul 9, 2014 3:56 PM Flag

    Phil, the company has announced several times this year their intention to issue a big debt deal. There were no "tips". It was well known. The short sellers have been ignorantly touting the potential for an equity deal for 6 months and every time the CEO was asked, he pointed them toward the debt option. Anyone who was short with the expectation of an equity deal to buy back in is now caught realizing that the CEO was truthful all along. So today they buy back, sending up the price. Yesterday had nothing to do with "tips", it was juts a high beta stock on a bad day when everything was down down and aided by lots of ignorant short-sellers piling on and constantly "hoping" for an equity deal.

11.01Sep 30 4:03 PMEDT

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