Theralase Financials
No reason to visit here vey often. Much of the same old crowd repeats the same old nonsense. It has become a sin on this board to actually quote what Mr.White has historically promised. That is still called bashing.... the same as it was in 2014.
Tomorrow is the end of the 3rd quarter and the long awaited approval of the TLC-2000 device to get some revenue started is still not approved. Of course, HC gets all the blame and I won't even bring up his pronouncement of ph1/2b trials with FDA and HC by end of 4th quarter 2014.
In 2014, Mr. White projected TLC-2000 sales to be $5 million for 2015 and $10 million for 2016 (300+ units sold in 2015 and 600+ in 2016 as I recall). Where is that revenue? It was always needed to fund the cancer side!
Here's the open secret... 20 days from now, you will get the financials for the 3rd quarter.
Mr. White has stated the cash balance to be C$6 million 2 weeks ago but my guess is that this balance will be closer to C$5 million at quarter close. My experience with him is that he will have a good excuse. That the final CiTox bill was due end of Sept, etc, etc. Beyond that, when you actually look at the cash in hand, C$5 million is actually 75% US or under $4 million US.
So, no matter how many times you're told, the open secret is a major share dilution up ahead. As they burn thru the 4th quarter, my guess is that this will occur by Christmas. With the economic situation deteriorating, the terms will be much worse than earlier this year.
(By the way, on that last dilution, does anyone but me recall Roger stating that he would never do the share offering below $0.50? That didn't seem to work out just is like most of his promises).
Merry Christmas!