RE:RE:Anyone know what our "Cash Position" is at "real time"?All just estimates and guesses from the limited information available. Estimated current cash position is roughly $3 million. Latest I could find was 9/30/21 financials with $5MM cash. The cash burn appears to be down to roughly $1 million/quarter. That would leave TLT around $3MM at the end of this quarter.
Company should receive $947,000 of proceeds from the May 14 2022 $.30 warrants which will need to be exercised in the next 5-6 weeks. That provides another quarter of liquidity. An additional $1.5MM should be realized from Oct 3, 2022 $.50 warrants assuming the share price holds up between now and each exercise date.
So TLT should hopefully have enough cash to get through 2022 without another low price share dilution. If positive results are achieved and released prior to the end of 2022, some type of JV or other structure will be needed to provide the large cash needed to commercialize. But, if results are as good as everyone hopes, the structure of that JV will be based on a very different valuation of the company.
No cash to TLT will likely be realized, or has been realized, from the 57,500,000 warrants which expire August 2024. Zero incentive to exercise those warrants currently if they can be sold for $.26.