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stocksablaze

08/27/21 10:22 AM

#3142 RE: Hobbydigger-53 #3141

I'm still here yes its ridiculous lol. Still 15 M rev per Q. Not out of woods, but not bankrupt like many say over and over for 2 years. There really is a constructed effort to take them down on yahoo finance. There are posters there that are relentless (and on stocktwits), why I don't know. This is one of those if wallstreetbets found them they could stick it to them! (we can dream)

TEUM has debt obligations and hopefully they either re-negotiate with lender (High Trail), or (my preference) find new financing to pay off old and get going. Bart has emphasized more than once organic growth turning corner for real growth globally. So far in my opinion the numbers don't show that really but they say it is happening, so hopefully with next few Q's we will see that turn around.

The way I see it- is at .15 you can't sell what's the point lol and there are plenty of companies losing money, with larger debt, more dilution, higher share count etc. that trade higher than TEUM so hold for me.

The real fix- Management has to restore some confidence to gain larger investors again by 1- getting current (just 1 Q left), 2- new financing deal.. then it's off to the races and dilute into a higher share price down the road. That would be the best case scenario. Obviously I don't have to tell you worse case..:)

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noshorthere

08/27/21 11:34 AM

#3143 RE: Hobbydigger-53 #3141

The current big problem at TEUM is the convertible debt to High Trail. High Trail notified TEUM there would be no further extensions of the forbearance agreement, and the then current extension ended Aug. 23. That means the terms of the loan are accelerated, and TEUM must pay 125% of the principal and interest (about $17M), or convert at 75% discount of the lowest VWAP over the last 30 days. That means that the shares would convert at about .12 each, and result in nearly 140 million shares, giving High Trail nearly 50% of the shares outstanding.
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noshorthere

08/27/21 12:00 PM

#3144 RE: Hobbydigger-53 #3141

Additionally, there are other creditors junior to High Trail with convertible notes.

Either TEUM must get a new loan from someone else for significantly more than the $17M owed High Trail plus whatever cash they need to continue in business, or live with nearly 100% dilution and a share price well under .12.

If getting the money was that easy they wouldn't have had to settle for the predatory loans they now have.