Trillion FutureI also don't agree witha dividend, but there are several reasons why our stock price is not moving up. The CSE being a very junior market as always had trouble gaining the attention of the big institutional firms that hold huge dollars. Trillion needs to change over to the TSX-V or the TSX.
Another is that there are certain shorters that are making money shorting this stock. The only way to get rid of these is to keep drilling with good results. At some point the good news will out weigh those that are determined to hold back this company.
This is by far one of the best companies that I have seen for people with limited funds to invest in. The company has a tremendous upside from where we are now and with another nine holes to come this year a 1.50 to 2.00 dollars can easily be reached and with 2024 drilling, that figure can certainly go much higher.
One thing that I would like to see management do however would be to cut back on the number of shares that is out in the market. That number is way to high and must be addressed. We are currently getting over 17 dollars MCF. That is over six times that of any North American company. It was said by the company that even a price of 7 to 8 MCF would be economical. So here is my possible solution. Let the company set a base of 17 MCF so that all the money would go to future drilling cost. At some point Trillion will receive much more than the 17 MCF considering that oil just went up 5 dollars a barrel. Take anything over 17 MCF and use that money to buy back shares. This will help not only the company in the long term but it will also benefit the shareholder as well.
Trillion will make us all alot of money, and yes Art is doing a wonderful job, but certain issues still need to be looked at and rectified to make this an awesome company.
Good luck all.