Your investment is now worth less than half How’s everyone doing today
In my last post I told you all about TLT’s puff piece, its meaning and purpose; to underscore the costs and duration of commercialisation.
Well look it here. Currently there are 131,000,000, shares outstanding. They will need to issue well over another 200,000,000, shares for the 10 million $ down payment for clinical studies. This is so far from the total amount needed, but forget about that for a minute.
If the upcoming, 200’million newly issued shares are neting only $10 million, what are the current outstanding shares really worth ? This is the perfect opportunity to subtract the b.s.
Shall I do the math for you ?
I could do the analysis for you but it would result in a number still too high. Going back to the 10 million $ question. Is it enough? It is approximately one quarter of what is required. Less so if they really go American.
Did you really think your .30 cent investment would make you a millionaire! No such thing as free money folks. Your .345’cents share is now realistically worth between .07 - .10’ cents, not subtracting the waiting time.