Apr. 7 at 9:31 PM
$TPET First, it has been heavily financing itself by selling stock. The company said it raised about
$19.0 million gross through its ATM program by March 18, 2026. That means a lot of new shares likely hit the market, which can crush price even if the company is real.
Second, it has used convertible financing recently. In February it said
$1.2 million of convertible notes were fully converted into common stock. Converted debt often means more share supply and more pressure on the chart.
Third, the business still looks early and weak financially. Its SEC filings describe major operating and execution risks, and market data sources show very small revenue with ongoing losses.
