Like the TRNX call in Jan when they forecasted being so flush with cash from TRNF Turkey revenues they were doing a stock buyback and might even take whole company private in near future. This was after the willful TRNX devaluation by spinning off TRNF, but long before TRNF was tradable (boy did that take forever). Well since that call, they diluted TRNX down to almost a dime with no PR or other statement revising revenue forecast. Obviously no Turkey revenue to date. Dilution is their only cash source. At best they're terrible forecasters and having other undisclosed difficulties/delays delivering on contracts, but more likely the whole Turkey thing is bogus.
What about the bogus PR blaming sp on COVID-19? They willfully diluted the sp and did so while under NASDAQ probation! Takes some balls to blame COVID-19 for that.
Oh don't forget their forecast that TRNF would commence trading at $1 and would act to quickly uplist to a major exchange? Total BS, especially now that TRNX has been dumped to OTC. General rule with NASDAQ re-listing is $4 and three straight years profitability.
Could go on and on. Only upside for me is Turkey revenues actually coming to fruition. More likely they run out of cash, can no longer dilute and TRNX/TRNF are bankrupt in 2021 at latest.
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