$Torchlight Energy Resources(TRCH)$

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.

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


    输一次?一智



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    • EugeneJD
      Will not
      2021-06-24
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    • YZX88Replying toEugeneJD
      ? lets see .
      2021-06-24
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    • EugeneJDReplying toYZX88
      which is why sharing info here.
      2021-06-24
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  • Matcha21
    ·2021-06-24
    U exit this stock liao why u still commenting ah? Help la
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    • Jinyyy
      I want to see what is the company up to! Want to see the dividend.
      2021-06-24
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    • EugeneJD
      Cos i still have some shares left
      2021-06-24
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  • YZX88
    ·2021-06-24
    Make sense .


    Hope That u recovEr asap ?.


    But ill continue holdIng haha ?
    Goodluck to both of us
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    • JinyyyReplying toYZX88
      [Sly]
      2021-06-24
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    • JinyyyReplying toYZX88
      Hmm buy more lower ur average and sell perhaps u can cut some loss
      2021-06-24
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    • YZX88Replying toJinyyy
      Nope lol , I wont do averaging . I rather diversify lol what if im wRong haha
      2021-06-24
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  • I168
    ·2021-06-24

    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.

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  • EugeneJD
    ·2021-06-24
    Ya but i am still Trapped for some
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    • EugeneJDReplying toJinyyy
      -44%
      2021-06-24
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    • Jinyyy
      How much u lost? Just out of curiosity
      2021-06-24
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  • EugeneJD
    ·2021-06-24
    I think maybe mosT ppl thAt can hold is the cost avg is very low
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  • YZX88
    ·2021-06-24
    But i personally think it will be a great buy .
    To each of his own ??
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  • Doxo
    ·2021-07-28
    So many reply. But none like what is been said so far. Let hope someone like you will give you a like.
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  • Sgalex85
    ·2021-06-24
    I agree with you. Its a trap just to Milk investor. I also exited yesterday with 30% loss. gonna slowly gain it back from other portfolio.
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  • Doxo
    ·2021-07-28
    Wow. You should be working for Seeking Alpha. Can write good bearish story.
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  • Jinyyy
    ·2021-06-24
    Sorry for the grammEr mistakes. Just too triggered atm. im glad i got out last night.
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  • EugeneJD
    ·2021-06-24
    I agree
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    • Jinyyy
      Ya i saw your advice last night. You caught this fast.
      2021-06-24
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