The company should be generating a good cash flow given the increased harvesting that should be occurring currently. I thus am concerned about the capital raising.
They should be bedding down what they have to prove the capability and not looking to expand unless it is to increase the speed at which they can extract the oil or repay the debt.
Either way I'm more negative than positive on this!!!
TFC Price at posting:
$1.69 Sentiment: None Disclosure: Held