RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Theralase(R) Announces Brokered LIFE FinancingNow that a full trading day has finished. It happened again exactly like I predicted 20%+ haircut. Anyways, Spin, spin, spin. Look at these promoters and pumptards go. Lolollol. Still pumping the narrative how this financing is good, how BTD is due anytime, how warrants will come in, etc. Lololol. Since they burried my post again, I will just break it down for the newer people in the board. This LIFE financing is the last ditch attempt to secure cash to keep the lights on. Nobody wanted a part of another private placement. So they are going with the last option available, LIFE financing, meaning they will sell this PP straight to regular investors in the markets. They chose RCC to do this, because RCC has the client base and they will push this on their own clients to make a few bucks both ways. I explained this scenario in my earlier post. Basically only people making money are RCC and managements and obviously the paid promoters here. Managements will get paid their salary ($700k a year for the top 3 honchos) if the lights are kept on. Promoters will get paid per post or in shares as usual. RCC will make money every possible way, money from the company, the more stocks they sell the more they make as cash commission, they make money off the commission and transaction of the trades, they make money off their own clients they sell to, they make money off management fees, they make money off the free shares, warrants, etc. Only people that lose money and have already lost another 20% are TLT shareholders or longs or bagholders, pick one. Once again BTD can happen but they haven't even finished compiling pre BTD data for resubmission. That will take another 2 months minimum. Knowing TLT history with delays, I wouldn't bet on it. RDW even gave a new timeline for trials completion at the end of 2024 to 2026. So why do the promoters keep pushing this silly narrative, anytime now. Lolololol. It is just a race agains't the clock now. And with RCC coming in and this LIFE financing, it is just one big red signal and an omen to what is coming next. I will be really suprised if they make it out of 2024. RCC will suck the last dollar out of TLT shareholders. Just my 0.02 cents. Cheers.
BudFoxx2020 wrote: I highly doubt there ever was anything, JV, partnership, takeover, etc. Management was looking for it. But it was the promoters and pumptards here that really blew it out of proportion. It really is not rocket science. The last few PP's were never filled, no one wants to plunk anymore money after 20 years, management had to use their own money to fill the last PP. This LIFE financing is the last attempt to sought out the desperate cash they need to keep the lights on. Research Capital or formerly Mackie is only here to suck the last dollars out of this company. Just research Mackie, they are very familiar with OSC. Lolol. This financing and the next 7 days will dictate where the company is headed. But form my experience, With RC stepping in, it is just a matter of time. Ofcourse this is just my opinion. Good luck.
Anyways, If this does not pan out, I really hope some of these promoters and pumptards here are held responsible. Especially Sciencfirst / Bencro, who conveniently dissappeared. Lolololol, and like I said that was the biggest red flag. Good luck, I would advise not watching the TLT ticker today. Lol.
Here are a few of my post on the matter which was obviously burried by the promoters.
Comment by BudFoxx2020on Oct 23, 2023 7:51pm Rofl, I told you there will be a dilution. Remember how the promoters were spinning their nonsense about how there won't be no dilution, they don't need money, how warrants will be in play. Yep, just another BS they spun every year. Do people even know what this is. Here is my gist of it. Correct me if I am wrong. This is a last ditch attempt at funding to keep this going. Seems like no one was interested in another private placement. So they went with LIFE financing. It looks like Research Capital will be running this show. Basically, RC will be hitting all their clients to take part in this funding. Lots of cold calls coming. The point of this financing is to try and sell as much shares as they can. The good news is they will probably fill this with the client base they have. The bad news there is no resale restriction. The good news again, they could be gearing up for a pump in stock price and then a dump. So there might be some great short term opportunity to make a quick buck. The bad news, RC is going to squeeze the last dollar out of this company. Just watch. Good luck going forward. Just my 0.02 cents. Cheers. Comment by BudFoxx2020on Oct 23, 2023 8:31pm Yep at 0.22 cents that is a straight 15% haircut. Add in the panicky people selling tomorrow at open, easily a 20%+ haricut in share price tomorrow before the markets even open. The point of this dilution is not to to get filled but to sell as much as you can to the public, which RC will be doing. I wouldn't be suprised to see the promoters ramp up their promo campaign this week starting tomorrow. We might even see SF back. Lolololololol. Keep in mind they are trying to raise a minimum of $3.5 milli, like I mentioned earlier, $3.5 milli is easily doable with a firm like RC, if not they can just fill the rest. The bad thing no resale restriction, they can dump anytime they want. Which means share price will always be anchored down by RC. RC will suck the last dollar out of this company. Once again just my 0.02 cents.