2 Aug 2016substantial holder notice● Neutral
One Stone Holdings II LP, One Stone Energy Partners GP, L.L.C reported no remaining TELLURIAN INC. /DE/ shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Aug 2016asset acquisition disposition▲ GoodMajor
The One Stone exchange closed: Magellan handed over 100% of Nautilus Poplar (its Montana oil production) and 51% of Utah CO2 LLC in return for cancelling all of its own Series A preferred stock, plus $900,000 cash from One Stone -- Magellan exited US oil production for good, clearing the way for a very different next chapter.
2 Aug 2016director interest notice● Neutral
Vadim Gluzman became a TELLURIAN INC. /DE/ director and company insider (initial ownership filing).
2 Aug 2016director interest notice● Neutral
Robert I Israel became a TELLURIAN INC. /DE/ director and company insider (initial ownership filing).
19 July 2016director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson had 957 shares withheld for taxes on vesting stock.
19 July 2016director interest notice● Neutral
TELLURIAN INC. /DE/ SVP - CFO, Treas, Corp Sec. Antoine Jean Lafargue had 1,572 shares withheld for taxes on vesting stock.
6 June 2016business combination● NeutralMajor
Magellan sent shareholders the definitive proxy for a July 13, 2016 vote on an exchange with One Stone Holdings II LP. One Stone would hand back all of Magellan's Series A convertible preferred stock, and in return would take 100% of Nautilus Poplar LLC (the Montana Poplar field) and 51% of Utah CO2 LLC, adjusted by a cash amount. The board recommends voting for it; approval needs a majority of outstanding shares. This is the step that starts moving Magellan's last US oil asset out, as described in the 2016 One Stone exchange.
23 May 2016listing compliance notice▼ Bad
Nasdaq separately warned Magellan that its stockholders' equity had fallen below the $2.5 million minimum for continued listing, though the company expected the pending One Stone exchange and other asset sales to fix it.
19 May 2016agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 May 2016quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported a quarterly net loss of $7.2 million for the period ended 2016-03-31.
4 May 2016agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
18 Apr 2016capital raising announcement● NeutralMajor
Magellan borrowed $625,000 from One Stone Holdings II LP to fund transaction costs tied to an Exchange Agreement in which One Stone would hand back all of Magellan's Series A preferred stock in return for taking Magellan's entire US oil and gas subsidiary, Nautilus Poplar, and 51% of another subsidiary -- Magellan was preparing to exit US production entirely.
4 Apr 2016substantial holder notice● Neutral
One Stone Holdings II LP, One Stone Energy Partners GP, L.L.C reported a TELLURIAN INC. /DE/ shareholding of 2,785,546 shares (32.60% of votes) in a periodic institutional filing.
8 Mar 2016listing compliance notice▲ Good
Magellan regained Nasdaq compliance on the minimum bid price after its stock held above $1.00 for the required ten days, closing out the deficiency first flagged in November 2015.
12 Feb 2016quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported a quarterly net loss of $1.4 million for the period ended 2015-12-31.
11 Feb 2016substantial holder notice● Neutral
Hammer Wealth Group Inc. reported a TELLURIAN INC. /DE/ shareholding of 536,592 shares (9.41% of votes) in a periodic institutional filing.
9 Feb 2016substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr reported no remaining TELLURIAN INC. /DE/ shareholding in its periodic institutional filing.
12 Jan 2016director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson had 1,199 shares withheld for taxes on vesting stock.
5 Jan 2016director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson sold 1,199 shares at $0.55.
5 Jan 2016director interest notice● Neutral
TELLURIAN INC. /DE/ SVP - CFO, Treas, Corp Sec. Antoine Jean Lafargue had 1,199 shares withheld for taxes on vesting stock.
13 Nov 2015quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported a quarterly net loss of $3.1 million for the period ended 2015-09-30.
12 Nov 2015listing compliance notice▼ Bad
Nasdaq issued a third minimum-bid-price deficiency notice to Magellan, the stock again having closed below $1.00 for 30 straight days.
14 Oct 2015director interest notice● Neutral
TELLURIAN INC. /DE/ SVP - CFO, Treas, Corp Sec. Antoine Jean Lafargue received 62,500 shares as part of the equity award.
29 Sept 2015late filing notice▼ Bad
TELLURIAN INC. /DE/ notified the SEC that its annual report would be filed late.
31 July 2015listing compliance notice▲ Good
Amendment reporting that Nasdaq confirmed on July 27, 2015 that Magellan had regained compliance with the $1.00 minimum bid price rule, after the January 27, 2015 deficiency notice. The bid price was at least $1.00 for 10 consecutive business days, and Nasdaq closed the matter. This resolves the 2015 notice, though the company's history shows the 2016 notice followed.
6 July 2015director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson had 5,070 shares withheld for taxes on vesting stock.
6 July 2015director interest notice● Neutral
TELLURIAN INC. /DE/ SVP - CFO, Treas, Corp Sec. Antoine Jean Lafargue had 17,504 shares withheld for taxes on vesting stock.
6 July 2015director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson had 5,070 shares withheld for taxes on vesting stock.
2 July 2015debt financing● Neutral
Magellan's Nautilus Poplar subsidiary converted its $5.5 million revolving credit line with West Texas State Bank into a term loan maturing 2020, trading payment flexibility now for a longer, more structured repayment schedule.
19 June 2015director interest notice● Neutral
TELLURIAN INC. /DE/ VP - CFO, Treasurer, Secretary Matthew Ryan Ciardiello disposed of 40,000 shares via option/appreciation-right settlement.