50 millions sharks shares...Contrary to some, I am pleased with this new offering.
Let's see the facts.
1) A non-brokered private placement, give priority to "management & insiders plus accredited investors" on the offering.
2) The RCC(Research Capital Corporation) offering would have added approximately 50 millions shares to the total shares count.
3) This new offering will add approximately 12 millions shares to the total shares count.
My take on this offering is, it doesn't matter why the RCC offering was terminated( in the PressRelease no reasons given), a much smaller offering of just 12 millions shares in the hands of TLT insiders is much better than 50 millions sharks shares.
In short...
12 millions shares in the hands of TLT insiders versus 50 millions sharks shares in the hands of suspicious investors... This new offering is a plus for all TLT small & big investors.