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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 Maxmoeon Apr 19, 2023 9:28pm
119 Views
Post# 35404261

RE:RE:RE:Diluting Trillion shares

RE:RE:RE:Diluting Trillion shares

Yes, a million increase in the short position is peanuts. There are posters on stockhouse with close to that number of shares. There are nearly 400 million outstanding. That position may actually even be a hedge fund arb position versus the bond. Lots of guys do pair trades to pick up income and reduce risk. The trade is buy $370,000 worth of bonds, and short 1000000 shares @ 0.37. So net they are zero on TCF. If the coupon on the bonds covers the short fee on the stock, they pocket the difference. If TCF hits the motherlode, the stock and the bond both takeoff. If they go bankrupt, bond holders rank ahead of equity so they might get something out of it. Definitely not my cup of tea, but some arb trader might do it. Then there are chowder heads that are convinced the warrants will outperform the stock. They might buy a million warrants at 18 cents, and short a million shares at 37 and pocket the 19 cents difference. Sounds great until the warrants expire or have to be exercised at 50 cents and now they are out of pocket the 18 for the warrant plus the 50 exercise = 68 cents. And the short on the stock is way underwater. Ooops. Or it could be just pure speculation the short will make money. I say go for it. I dare you. 

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