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Trillion Energy International Inc. C.TCF

Alternate Symbol(s):  C.TCF.WT | TRLEF

Trillion Energy International Inc. is a Canada-based oil and gas producing company that strives to maximize shareholder value through a mix of offshore gas development and high-impact oil and gas exploration in Cudi-Gabar province SE Turkey. The Company is 49% owner of the South Akcakoca Sub-Basin (SASB) natural gas field, a natural gas development project with four offshore platforms, pipelines and gas plant located in shallow water black sea. The Company also has the Vranino 1-11 block, a prospective unconventional natural gas property in Bulgaria.


CSE:TCF - Post by User

Comment by TheLandedEagleson Oct 22, 2022 3:10pm
595 Views
Post# 35041202

RE:John899 ;

RE:John899 ;Exactly Rockit2...if your going to create dilution with shares, and if funds are required then do it at todays prices not on old 2021 on over 12mm warrants issued at .08 , 12 and .16 cents...when you can easily get money right now at  .45 cents , with less dilution...he should of let it be.. on those old warrants and not called them in...let them be handled in the norm and let the holders decide when to excerise and if they choose not too, so be it and let them expiry PERIOD...CEO must have an explaination for this action...makes no sense in my view...THEY DONT NEED THE MONEY...as CEO stated and he even went on to say....''he was getting on going, a lot of call from fund managers to lend him money, but he specifically said, I DONT NEED MONEY, right now, and said he"d keep that open for them in the future....So again, WHY DID HE CALL these WARRANTS TO BE EXERCISED....this a a ligitimate question...those 12mm 2021 exercised warrants are only bringing in just over $1.2 million dollars to the treasury of TCF ....Do they need this money...really...He needs to be pressed and for him to explain to all shareholders his action and motivation on this subject...I merely do not understand why he did this at this time...He should be preparing to call in the March 2002 warrants that have the same acceleration with a strike of .45 cents when the stock price hitting $1.00 for 20 consecutive days...that would alone bring in over $18 million dollars to the treasury...then you have these tradable warrants with a strike price of .50 cents bringing in another $24 million dollars....in total your bringing in over $42 million....so why does he need this $1.2 million now, when he just raised over $40 million on the recent financing...DOES NOT MAKE SENSE!!!
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