Trillion Energy International Inc. C.TCF

Could Reason For Dip Be An Equity Raise?

[ajootian]

With the company having completed a very successful project in the SASB and with the 2Q earnings report (which will be quite positive) being just a week or 2 away, it makes no sense that this stock would be down to where it is now.  I know there has been some big insider sales recently which would maybe explain a small dip but not as much as has happened. 

Has anyone heard whether the company might be trying to do another equity raise?  They announced 2 new projects last month, each of which are going to need big bucks to be done right.  They are certainly generating some cash from their SASB wells but not in the amounts needed to fund these 2 new projects. 

I believe that there could be some current TCF shareholders who have been approached to participate in a new equity raise, who are dumping their current shares in anticipation of being able to buy back shares for less money in the raise.

[TheCardinal]

That's certainly possible but remember.... with SASB on  "hold" - for now - CAPEX will be nil.  Meanwhile they're probably going to produce those 3 best wells - Guluc-2, Bayhanli-2, and the new Alapli-2 - at 8-10 Mmcf / day  each, which is going to produce quite a bit of ca$h for  OPEX.  The Debenture that has The Chief Prevaricator foaming at the mouth

[TheLandedEagles]

Here is exact verbiage...of the Debenture Release.... The debentures will mature on April 30, 2025, and will accrue interest at the rate of 12.0 per cent per annum, payable semi-annually in arrears beginning on Oct. 31, 2023. At the holders' option, the debentures may be converted into common shares of the company at any time and from time to time, up to the earlier of the maturity date and

[CountOfMeltedCrisco]

No 4-month hold? When it's right there in the next sentence from where you stopped quoting the Press Release? You are truly either disconnected from reality or so desperate to dispense disparagement you are willfully blind. You have now transcended mere Bloviation and graduated to Lunar Lunacy. 

[TheLandedEagles]

Again...will repeat....ONCE CONVERTED...into shares...You stated they were not convertable until 4 months and hense the trading activity of today ....or close to that 4 month date you indicated coming very soon...FACTS ARE FACTS...Debenture Holders could have converted right from the initial start and didnt have to wait a 4 month period as you had STATED.....AND once converted into shares, then