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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF | V.TLT.W

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.


TSXV:TLT - Post by User

Comment by Benedictuson Nov 17, 2023 10:59pm
218 Views
Post# 35742299

RE:RE:RE:RE:RE:RE:Information void

RE:RE:RE:RE:RE:RE:Information void
DJDawg wrote: I think that the 1.5 million is not a coincidence. The other company that I saw that did this (LIFE switched into PP) just converted all the LIFE buyers into the PP as the pricepoint was the same.

So my bet is that raise total will be 1.5m.

If monthly burn is 400k (my notes) and they have 1m from before that means that can roll 6m.

That will cover BTD which I believe will be succesful.

So overall, I'm not worried about cash situation for the near term.

Yaaaaaaaaaay. We are good to gooooooo (said in the least enthusiastic way possible)

Rather prescient call there Dawg! If we use the details from the LIFE offering, the minimum of $3.5M + $1M working capital was expected to last through end of 24. So, $4.5M for a 14 month long runway is about $325K per month or roughly $1M per quarter.  So, with $1.5M proceeds and the working capital they should have almost enough cash to get through Q2. It's fair to say the company's future likely rests  on getting BTD approval in 1H 24. 
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