Information void As usual we sit in a void with no updates on the LIFE offering.
I followed another company years ago (also TSX venture, what are the odds?) that tried to do a LIFE and didn't quite meet the minimum. They knew that they could only do one LIFE every 12 m and didn't want to spend that one raise on a sub-par raise so the announced that the LIFE was cancelled and everyone who subscribed could get the same deal as a private placement. The main difference with the PP was the 4m lock-in for selling and the warrants were not tradeable. I bring this up because those of us who are pessimistic about managment's ability to raise the full amount, could see them pulling this and buying another wimpy 4-6 m of cash runway.
So what to expect in coming days or weeks and what it means:
| Scenario | Medium term picture | Stock price |
| LIFE offering filled at minimum | TLT has cash, still proceed to BTD application, slow mo the GBM work | increase but stalls at 0.22 as Research capital sells immediately |
| LIFE offering filled at maximum | TLT has cash, still proceed to BTD application, proceed on the GBM work | increase but stalls at 0.22 as Research capital sells immediately |
| LIFE offering not reaching minimum (and going to a smaller PP instead) | TLT has less cash, still proceed to BTD application, stall on the GBM | increase since some cash on hand, no share dump at 0.22 because locked in |
| No success at all | Don't see that happening (?some cash will be raised) | ? |
No matter what I think we still plug along towards BTD and that is the key.
Love the science, have little faith in management so my bet is on LIFE minimum or switching to PP.
I dearly hope the zero success scenario (row 4) is not the case.
I only write these posts because we have no information so it fills the time :)