A few pumpers on this message board seem to like the registration or are happy to pretend it is a non-event. Those who sold the shares down 9% since the announcement know that such a registration might foretell something very bad for common shareholders. You are smart to be careful.
Please keep posting. I'm interested in hearing everyone's opinion and I would like to decide for myself if it'sof value. Ignore the name calling and bullying. That's what happens when you don't gush over everyone's "baby." (Remember the Seinfeld "Ugly Baby" episode.)
I have a big stake in TC at $2.25, but the stock's relative weakness is unexplainable. Apparently there's some negative news that none of us "outsiders " know yet, but we'll all find out soon enough. Microcaps are always full of suprises. (We're officially almost a microcap at $300 mill.)
Perhaps they will issue more debt to replace the debt you believe is maturing in 2015 and 2016? You know, the debt that carries an interest rate of 6.5% and 9.5%.....?
Suppose you now believe TC's replacement shelf registration is responsible for taking it down today?
FACT: You don't really have any FACTS, Stupidlithe, and you never did.
Have a nice day.
Sentiment: Strong Buy
The shelf registration is used by corporations quite frequently. What TC is doing is serving notice to lenders that it is considering refinancing in the future. With all of the panic in the debt markets, do you really think that long term interest rates will skyrocket upward? Despite what Superspin says, I view this event as a typical corporate event. It could also be construed as a positive event.