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Forum - Pareteum Corp. - TEUM   

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From: BottomofChart (Rep: 66)Date: 10/22/2019 10:53
Forum: Pareteum Corp. - Msg #864Thread #674104360 (Rec: 0)
TEUM Did a Stock offering at a 1.76$ Raised 40 Million in cash paid off ALL DEBT Trading at 38 Cents now 30 short days later those that took part in the stock offering have taken a BEATING to say the least they have seen nearly there entire investment wiped out in 30 days

Pareteum (NASDAQ:TEUM) prices a $40M registered direct public offering. The offering includes 18.85M common stock units, which bundle one common stock share and one purchase warrant. TEUM plans to use about $30M of the net proceeds to pay down outstanding debt. TEUM shares are down 8.7% pre-market to $1.68.

Stock slammed on revenue reconition but maybe overdone here Chart NO DEBT Cash in the bank

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