RE:Could Reason For Dip Be An Equity Raise?That's certainly possible but remember.... with SASB on
"hold" - for now - CAPEX will be nil. Meanwhile they're
probably going to produce those 3 best wells - Guluc-2,
Bayhanli-2, and the new Alapli-2 - at 8-10 Mmcf / day
each, which is going to produce quite a bit of ca$h for
OPEX. The Debenture that has The Chief Prevaricator
foaming at the mouth in its usual inimitable way did have
a 4-month hold for any Share conversion, and that takes
us here to
right-about-now in August, so that may explain
recent activities. The Debenture Indenture also makes
no
mention of any
"assets" being pledged,
only a
"negative
pledge" clause meaning Trillion can't borrow more money
under certain conditions. But it doesn't preclude another
equity raise, so that could still happen.
It's very obvious people still don't understand
The New Plan,
there's just going to be a short break in the "action" until it gets
underway again with the on-shore oil blocks. Meanwhile, SASB
will produce revenue that will mitigate the size of any further
needed financing. And should it come.... my chequebook will
be wide open!
ajootian wrote: With the company having completed a very successful project in the SASB and with the 2Q earnings report (which will be quite positive) being just a week or 2 away, it makes no sense that this stock would be down to where it is now. I know there has been some big insider sales recently which would maybe explain a small dip but not as much as has happened.
Has anyone heard whether the company might be trying to do another equity raise? They announced 2 new projects last month, each of which are going to need big bucks to be done right. They are certainly generating some cash from their SASB wells but not in the amounts needed to fund these 2 new projects.
I believe that there could be some current TCF shareholders who have been approached to participate in a new equity raise, who are dumping their current shares in anticipation of being able to buy back shares for less money in the raise.