RE:Another Financing - Seriously?
Consultant, I agree... When a few of us said a small PP was needed, we were bashed for that opinion, now everyone thinks this is a great idea. While I expected a PP, if BTD is a few months away, I don't see the need for $2.5MM or $5MM, also, why extend .50 warrants to 2024 unless TLT doesn't expect the price to be ALOT higher like the rest of us do. Now there are 10MM more shares at .25 cents, and 10MM warrants for 2 years at .35c. If BTD is in the 4th quarter and revenues are not too far off, this makes absolutely no sense. I am having a hard time seeing any positive here. The price will most likely stay under pressure at least until the financing is done, but this doesn't seem like a very confident management team offering the next SOC and BTD. I know I will be bashed again for questioning the powers that be, but I think it is hard for anyone to justify such a big raise at .25 cents... imo