I posted this on 13-7-19 when the SP was 5.3826 Jul 2019 08:51
Market valuation13 Jul 2019 15:31
1,536,000,000 shares in issue now multiplied by the current mid market price of 5.38p = £83 million
If the company issues a further 10,000,000,000 shares then the shares in issue would be 11,536,000,000 divided (if the market capitalisation remains as high, which is very unlikely, so this is maybe the best that can be hoped for) £83 million = a share price of 0.719p per share
So, given the above example (and that’s all it is, an example) the value of 10,000 shares today at 5.38p is £538 but after the dilution the value of those 10,000 shares will be £71.90
Believe me the above is a good case scenario the dilution could be much much worse.
Please be aware that TCG could still go under, and if it doesn’t because this deal or another deal goes through then the dilution that will be experienced by the current shareholders will be massive.
You must do what you think is best but I would strongly suggest that you do some research or seek some professional advice if you are still holding shares In TCG.