Financing May NOT Close in its Entirety!! Be prepared for the placement for that $10mm..to be partially closed on or about Nov 24th, its targeted closing date., Financing is on a best efforts basis and doesnt include any warrants, as would be the case in a normal Brokered Deal..Chances are they will partially close this deal with less than expected Funds, in my opinion. Too much RISK in Turkey assets to attract institutional buying at this time. Also, its the last quarter of fiscal year end and Tax Loss selling is occurring, and its not in the best of times to raise Capital...Anyone wanting to buy during this time is well advised to WAIT...until early New Year 2024...Much lower stock price will present itself in the low .20 cents, that is the double bottom seen at the .22 cents level...It will occur,..Consider time is on your side...wait for opportunity to get in and / or accummulate if you are inclined to do so...That level of Low .20s will be a BUY, in my opinion...Stay informed and do your own DD...Invest wisely and dont be a FOMO..lots of time, in new year....no upcoming sheduled Catalyst events to occur anytime soon.
As for warrants....STAY AWAY, if you MUST BUY, ...buy Common Shares of TCF, NOT WARRANTS...NOT THE TIME, they are way OUT of the money, with a strike Price of $2.50.....The warrants, are DEAD MONEY and will be a NONE LIQUID trade and will only cause you to lose your entire capital, where you cannot get out...when and if you want to exit...
Just providing my insites are TCF trading in the forseeable future...Will be a great buy at those prices , buy caution...its a tradeable stock...not to be held for years...Trade it often, with profits at hand....