Tchauncy...I share some of your concerns, but I have no doubt that these guys FULLY understand the micro cap market. Take a closer look at the backgrounds of the Mgmt, BOD and advisors and you'll most certainly come to that conclusion. Their resumes and experience are DEEP in financing and BUILDING companies...let's just hope this one is another successful one.
As for how this next deal gets structured, even if they raised 15 million dollars at .11 for a total of 137 million more shares, that would still put them at somewhere near 230 million shares o/s.
On the other hand, if they are also given warrants, say 1 for 1, then the screwing just got quite a bit worse for the current non-Pac LNG, non- insiders, non-family/friends like ME!
I just hope that TGC will hold on to 26-28% of the split. If so, even though my upside projections would slip by two-thirds, $3-10 per share could be attainable for TGC...but that won't happen in a year or two!