TECO doesn't do traditional PIPE's.....

Also filings will have to be current to facilitate such financial instruments.

Even if TECO was current you'd still have to file an 8k to raise the A/S before getting a PIPE.

Even then The PIPE might be for the Preferred Shares and at that point you'd have to see the particulars of the instrument. It most certainly would be a discount to market if convertible to common.

There will be news by that time and a PIPE might be for much more than the current PPS.

To many variables to make a definitive call. Belize hold the pivotal point but don't count out other big news which may come into play.