Jinyyy
2021-06-24

$Torchlight Energy Resources(TRCH)$

Why is this a well plan trap?

1. Reverse merger - Draw attention.

2. Announce special dividend and claiming can be between $1-20. People start buying 

3. File for dilution of 100m. Slowly start diluting secretly. Short interest to float % falsingly increased

4. Shareholders has to hold from 22nd-24th. File for another 150m dilution and tell everyone he has finished his 100m dilution. 

5. Price drop- should I hold to get the dividend or sell to cut loss? HODL - dead 

6. While people hold the line, he can start his 150m dilution and hopefully finish by 25th.

7. After getting the dividend, people start selling. Price drop even more [Sad] 

Many people will say we don’t know how much is the dividend worth. But from the look at how things are done, it clearly shows he’s trying to get money out of us. The fall is great until now but not the greatest. When dividend is confirmed, the tsunami will come. I really hate this trap. I suffered 30% and got out last night, my biggest loss so far. I’m a loser and need time to recover from this. Staysafe guys! JUST SMALL FISH TRYING TO SURVIVE [Glance] 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YZX88
    2021-06-24
    YZX88
    Guess will hit $6 later on . Base on my Amature Judgement .


    输一次?一智



    • EugeneJD: 
      Will not
    • YZX88ReplyEugeneJD: 
      ? lets see .
    • EugeneJDReplyYZX88: 
      which is why sharing info here.
    • YZX88ReplyEugeneJD: 
      if i win also not win ur money u so negative for what ? Lol like as if u damn good in stock like that .


      If youre that good u wont be here playing liao .
    • Jinyyy: 
      Good luck! [Glance]
  • Matcha21
    2021-06-24
    Matcha21
    U exit this stock liao why u still commenting ah? Help la
    • Jinyyy: 
      I want to see what is the company up to! Want to see the dividend.
    • EugeneJD: 
      Cos i still have some shares left
  • YZX88
    2021-06-24
    YZX88
    Make sense .


    Hope That u recovEr asap ?.


    But ill continue holdIng haha ?
    Goodluck to both of us
    • JinyyyReplyYZX88: 
      [Sly]
    • JinyyyReplyYZX88: 
      Hmm buy more lower ur average and sell perhaps u can cut some loss
    • YZX88ReplyJinyyy: 
      Nope lol , I wont do averaging . I rather diversify lol what if im wRong haha
    • YZX88ReplyJinyyy: 
      No wor. I brought in at now @9.5
    • Jinyyy: 
      I sold last night to cut loss. Deep inside i was wondering will this go bsck up. Short queeze - but let’s face this is all dilution. Perhaps you have very low cost price so you are holding[Lovely]
  • I168
    2021-06-24
    I168

    time to play is over. when 21st the price dump bewteen 8.50 to 10 is the best time to buy and sell and repeat several time to profit enough so that it would cushion the coming major drop.

  • EugeneJD
    2021-06-24
    EugeneJD
    Ya but i am still Trapped for some
  • EugeneJD
    2021-06-24
    EugeneJD
    I think maybe mosT ppl thAt can hold is the cost avg is very low
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