Tellurian is only a matter of time before Bankrupt

I would consider this a massive fail as LNG is supposed to be booming. Maybe LNG is not as big as we thought or the industry is saturated. Souki's plan to sell all volumes via merchant and none tolled to take advantage of nat gas price differences btwn US and Europe/Asia failed. I mean why would an LNG purchaser overseas spend $10/mcf on TELL's gas when they can get it from Cheniere for ~$4/mcf?

They ousted Souki and put in a lawyer as president. I don't see why a lawyer would become president as they're unlikely strategic decision makers, I think it was to prepare for bankruptcy and litigation. It's unlikely the lawyer is decididing strategy and deciding price points and terms of contracts with offtakers/investors.

Greed, Ego, and stupid spending is why this failed.

In hindsight, I would've done several things different. First, be okay with tolled contracts that pay less than the massive price differences btwn US and the East.
Second, not gone public until you reach FID. Going public on a major infrastructure project before FID is a horrible idea imo. Public investors want everything done today, not 5 years from now. This shows in trading and downward share price. Private infrastructure large projects aren't under the pressure as much as public to get to FID immediately.
Thirdly, not start construction until FID is reach. The massive amounts spent on construction is the reason they will go bankrupt as they have no cash left.
Fourthly, frivolous spending, like being the leader of conferences called Gas Tech that they probably put at least millions in to sponsor despite not having any FID project, paying Souki and execs $40 mil+ a year, planting trees and donating to universities millions of dollars.

Souki was too cocky and made every call for Tellurian which was their demise.