Post by
TheLandedEagles on Oct 31, 2023 12:00pm
TCF...Will be volatile!!! Dont Fall in LOVE..TRADE IT!!!
As everyone has seen the massive selling and share price drop 50% or so yesterday, everyone should now question WHY the Markets reactioned to the latest news released. As markets can be manipulated, markets has shown investors in the last 12 months or so, that they are not particulately fond of this company...considering the successes earlier on with the drilling program..and for many other reasons, Im sure we can all agree... Turkey not the best area to invest!!...Markets have disliked this company, whether it is the SASB assets itself and/or their dislike for the management. Anyhow, CONSIDER, TCF has hit an all time low of .22 cent post consolidation, and reflects a pre-consolidation of .04 cents. This is massive, and everyone needs to consider the continued risk and exposure everyone will continue to have going forward. This latest activity rebound...is a "DEAD CAT" bounce.., in my opinion...seen it so many times...over and over, it most likely will go back to its established LOWS...of .22 cents. Recommend people to trade this like the PROS..as it is a DAY TRADERS focused stock for now....This stock will be dead money for a while...review your portfolio and prepare for the TAX LOSS selling to continue. SASB is not and nor will it be self-funding any time soon and will definately require addition financing. They will continue to lose money month after month. Expenses far exceed their current monthly NET revenues...cash on hand is a measly $1.7mm..they have over $4mm(US) to incure this year alone and will require over $35mm++(US) at least for 2024...Now you have too also consider, can they even attract a equityfinancing and or a SECURED debenture finance..I suggest that CEO will have a real hard time to secure and then you have to ask, if he does secure financing...at WHAT PRICE/ per share??..these are realistic concerns and should be considered,..Facts are Facts...DO YOUR OWN DD and consider everything...GOOD LUCK!!
Comment by
argaiv on Nov 01, 2023 12:34pm
Stockhouse is usually advertising companies whose share price is so low that they need buyers to push it up. If the share price of a company is below 0.10 or even lower, and there are lots of shares beware.
Comment by
CLOUDER on Nov 01, 2023 1:06pm
jermiah check your inbox,