Post by
TheLandedEagles on Jun 01, 2024 9:48am
Financing..NOT Closed as scheduled for May 31st...????
Find this curiously disturbing...that placement not closed as CEO had stated with the increase amount announced to $1.8mm dollars..he stated that demand was overwhelming and wanted exceeding shareholdes a chance to get in with the opportunity....BULL,....he is only attempting to stall this longer for closing and extended the time to fill this placement hopefully in its entirety...Thats my take, CEO presently scrabling to fill this placement, as measely as it is...this is chicken feed,..and yet can't sell it to many investors...even the small retailers. Where's Eight Capital, Echelon Wealth Partners and Research Capital...these were firmed that backed TCF and provided coverage with Price Targets..and today they are no longer around...You must ask yourselves.."WHATS UP" with this...Now CEO extending privileges to small currently holding retail investors...As per the exchange rules, they may only purchase further shares up to $15K dollars,..the exception limit , anything above this they must provide Proof that they have consulted with a professional advisor with this investment. Wow...CEO has resorted to this now, desparation to get as much as he can to HOLD on and get more life support to further his employment...So sad, in deed...seen these moves by CEO's many times in the past, and it only gets worse for the company eventually...then the big "B" occures and shocks everyone and more massive losses investors will take at the end...Be guided accordingly, please do your home work and full DD..My Opinion...Good Luck!!!