TMY - take-over bid @3 USD cash - stock trading below 2 USD - today CC
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Posted: Sunday Apr 6 11:03:41AM 2008
TMY was $1.97 when deal was announced on 12/31/07. Now .72. CEO never delivered on promises, no different now. Bobwins
Tuesday, April 1, 2008 - 9:27 AM CDT
Transmeridian ends deal with CEOHouston Business Journal
Transmeridian Exploration Inc. will not proceed with a merger proposed by its chairman and chief executive officer, Lorrie Olivier.
The Houston energy company in December agreed to go private after Olivier tendered a $3-a-share offer through Trans Meridian International Inc., a British Virgin Islands-based company, in a deal valued at $825 million.
However, the deal began to go sour in February when Trans Meridian International was unable to meet the financing deadline for its offer.
Transmeridian (AMEX: TMY) is not required to pay any termination fee, and said it will continue to court acquisition proposals from other parties.
On March 31, the company reported a net loss of $74.1 million, or 67 cents per share, on revenue of $34 million, for the year ended Dec. 31, 2007. That compared with a net loss of $54.3 million, or 58 cents per share, on revenue of $24.7 million revenue, in 2006.
Posted: Sunday Apr 6 10:45:14AM 2008
Tmy is a 100 percent disappointment. Press releases that are to inform investors are manipulated and are deceiving. I must say that this company is criminal and investors will be in a class action suit before its all over.
Posted: Monday Jan 14 1:51:03PM 2008
I was in the conference call today. Now I am 100% sure that is a done deal.
TMY is now tied into a pipeline. CFO said that beginning in Jan 08 they will export 80% of their oil (dated brent minus 15 USD).
CFO said: "...buyout financing is only a matter of paperworks...private money is in place..."
Take it or leave it.