Jinyyy
2021-07-28

@Jinyyy：
$Torchlight Energy Resources(TRCH)$ 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]
$Torchlight Energy Resources(TRCH)$ 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]

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