Shares in another “must add immediately” penny stock pick of ours a month ago, Titan Iron Ore Corp. (TFER), is running with the bulls again today. Since the September 20 alert, TFER stock has now gained as much as 146% as of today’s HOD after reporting a 36-month equity financing commitment which would allow for the Company to sell up to $10 million worth of stock. The message savvy traders who are up over 100% from our alerts should begin pulling the rip cord and parachuting out today.
Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
TFER Stock Chart
Market Cap: 33.20M
Last: 0.65, up 0.18 (38.30%)
Dollar Volume: $839,136
Average Trade Size: 4,004
Looking for Hot Penny Stocks?
Click here and get Alerts on the Best Penny Stocks FREE
The financing deal with Ascendiant Capital Partners, LLC is much better than having stuck one with one of the toxic financiers like Asher Enterprises, YA Global or TCA Global Masterfund. However, the ability to dilute shares with the history Andrew Brodkey has with Pacific Copper is a sign for smart traders to grab for the parachute packs and look for a landing spot.
About TFER Stock
Pursuant to the Equity Line of Credit Agreement, we may, in our sole discretion, issue and exercise drawdowns against $10,000,000 over a 36-month period (the “Commitment Period”) commencing on the seventh trading date following the date that the initial registration statement to be filed pursuant to the registration rights agreement is first declared effective. Before we can exercise a drawdown, we must have caused a sufficient number of shares of our common stock to be registered to cover the resale of the shares to be issued pursuant to a drawdown and the daily volume weighted average price of our common stock (the “VWAP”) must be greater than $0.01 per share on the trading day immediately prior to each drawdown.
Bottom Line: TFER had a great one month run since added to the list of penny stocks to watch on September 20. Its Friday, its been a great run, and this chance for them to now dilute shares is a great chance to book gains on TFER stock and move on.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)Share