Trillion Energy International Inc. C.TCF

Early Exercise,!!!!!WHY NOW

[TheLandedEagles]

Why would CEO call these 2021 warrants in now...he has plenty of money...WHY NOW...thats means within the next 30 days we will have over 12MM new shares out and floating out there. These holders will no doubt be dumpiing these into the markets immediately upon them being exercised...I would if I was forced to exercise and put up the cash to do so...unbelievable!!! these will only raise just over 1.2 million for TCF...its not as if they are in need of money....Again, WHY now....I thought Art was a smart guy...interesting to know whats his motivation in doing this now....

[windymayor1]

Because of the volume. seems like only a day or 2s will soak them up. If you are a seller you always want volume!  Dont announce on low volume days or situations. This is not a big issue. Look past warrant exercise cause there is another one when we get to $1,00. 

[Rdjfarms]

It does clear up an overhang of these warrants out there...it also gets rid of the free ride that these warrant holders have. Even with cash Art could always us more to speed up his program and I would think cash would be worth more now as opposed to the future months when Trillion is cahsflow generating. Art has talked about a dividend and might be trying to boost the cash position to help with

[shmenkari]

Some share holders are pushing for a second rig, Art said he would look into it, well maybe he did and is funding that with the warrants. That would be a win if it is what is going on. More wells sooner, more gas to sell at high prices. For me that would be great and less warrants on the books. They likely would not talk abpout this until they have booked the barge and ordered the supplies. Who

[Buyreallow]

Rig start up and relocation costs are about $2,000,000 and then about $100,000 per day to operate.  Not sure Trillion wants to commit that much right now.  Maybe after we get the first 4 wells online.

[Snakebite18]

That's was going to be my next post. Maybe they want to really accelerate things, while the irons hot. At least at this level, if the warrants don't want to buy and hold stock, it's still very cheap IMO 

[Investnowplease]

There are a few concerns from my perspective. 1) lead time on another rig is something you just cannot do over night. If you loose control by not running a good operation that can cost huge amounts of money and risks go up exponetially. This is a small company, with limited persnell and funds. 2) you need to find the right rigs for the wells being drilled plus the rights service providers

[john899]

Check the employees from Trillion, you´ll find key personel from Stratic and Toreador who have been working on SASB for 20 years and drilled 23 wells in SASB already... plus we have TPAO and Schlumberger.  So, small, yes, for now.  Unexperienced, not really. The rig company would be the same we are already using: GSP.  And using various rigs has been in the plans for years

[Investnowplease]

Rigs can be identical, and experience different issues. Its supply trains ans well as personnel. Worked in the industry for 35 years. Not always the best to increase funds beinf spent in shorter time frames. Risks go up no question. Thats troublesome for a relatively low capital company. Once a few wells are drilled, then explore the possibilty of increasing a capitsl program, be it exploation of

[canasol44]

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