RE:Frost clarificationMacer wrote: Can someone take the time to give me a high level breifing on the Frost situation?
I have not taken the time to read into it in detail. But from what I understand from peoples posts are that TLT is intentionally keeping the SP at these levels to prevent Frost from firming up on the warrants that expire in March. Correct?
Why on earth woudn;t he just buy more shares in the market at these prices? I understandd that may drive the price up but there is a lot of room between here and $0.54.
Macer
I cannot help because i am clueless of the whole Frost situation . There is too many moving pieces for my simple approach to things . The business strategy is hard to understand , i can only recap .
In March of 2015 TLT issued almost 20 million shares at 44 cents with 20 million attached warrants to be exersized at 54 cents 5 years later . If my memory serves me right we were lead to believe that down the roa
d an important investor would prove useful .
Now late this summer , more than 4 years later , with not one but two CR patients at more than 360 days and proven in animal studies for a few different indications TLT issues 60 million shares at 30 cents with 60 million 5 year warrants at 35 cents knowing that just a little over 6 months , 20 million warrants could come in for $10 million of funds ....business acumen ?
Am i being a simpleton ? I am dissapointed , management can prove to us minority shareholders they can show us the goods .
Still hoping for better days ahead with this investment
GLTA