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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

Post by TheLandedEagleson Aug 09, 2023 3:00pm
203 Views
Post# 35580145

Future EQUITY or Debt FINACING..in jeporty

Future EQUITY or Debt FINACING..in jeportyA equity finance...NO ONE will do....We can all agreed on that point, not at these stock prices...MAYBE...below .20 cents as he has done last year at .16 cents and later at .32 cents...A DEBIT FINANCE...a so called DEBENTURE,...like his last one of $15mm....at a 12% interest rate...WHICH""was a SECURED DEBENTURE...where CEO had pledged the SASB assets in exchange for those proceeds of funds....To those investors....it was easy to do that financing....earning a 12% guaranteed return...and HOLDING THE SASB field as security....Think of it like a bank holding a mortgage on your house....IF YOU STOP OR CANT MAKE YOUR MORTGAGE...they seize anf foreclose the property and sell whatever asset they hold to make their entire loan good...THATS THE CASE WITH THAT LAST $15mm debenture...and Im more than certain that another required financing down the road will be no doubt be a DEBENTURE again....ONLY PROBLEM is that old outstanding debenture as restrictive provisions of some kind with future financing by Trillion....Thats a big problem....Encourage all , to go back and read those terms and conditions....CEO, in my opinion has put shareholders and the company at a disadvanage for the future Capital needs, Im afraid...Im sure hes already tried for equity financing, but no takers I suspect with the current trading stock price , as for more debt financing (Debenture)...It appears there are restrictions under that previous debenture, as I read it...UNLESS, he can manage and find parties for a bigger Loan and pay off than previous debenture outstanding...  CEO, does have his hands FULL..and has put this company in some predicament.....Check this for yourselves...Not bashing...just facts to review....
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