Theralase Technologies Inc. V.TLT

Is everyone serious about running out of money? TLT raised

[RichieRich123]

$17.25M less than one year ago.  Even with a $500,000 monthly burn rate (which is way higher than actual) this would equate to almost 3 years of funding.  Since the burn rate is much lower we have tons of room UNLESS of course they spend $$$ on the money losing LASER DIVISION.  NO WAY.  DO NOT DO THIS!!!!!  We cannot afford to spend $$$ on money losing vanity projects.  We all know what I mean here.  

Theralase Announce
s Closing of Prospectus Offering for Gross Proceeds of $17,250,000

[busterbrown27]

Financials come out at the end of this month and should give a clearer picture. They had $10.9 Million cash as of March 31. Hopefully they were more frugal from Apr to Jul due to Covid.

[Quattro74]

Just a wild guess, I'd say $8.5-9Mil left in the till....

[Longholder99]

Almost seems like with every NR that brings even a tiny bit of good news...someone appears with something we should worry about.....odd? Not really.

[RichieRich123]

I am not "worried" about cash, just annoyed at their burn rate. All that really matters is upcoming CR and ongong work with Roswell (that TLT has yet to acknowledge for some reason). What is the advantage (or reason) to keep Roswell a secret by TLT?????.

[goldn1]

longjolder9: My comment about the burn rate is just based on increased expenses compared to how much they burned in the pas when they were not in trials. At some point, the will have to do another raise as the company has only lost money for the pat 20+/- years. The only questions is @ what price will the raise b and how much dilution. Maybe in missed something big, but all I saw in the

[CAinPlap]

You conveniently neglect to state that with the covid delay, we weren't incurring the costs of treating patients and staff were layed off to reduce costs.  I hate saying Covid saved us a ton of money by not treating patients with incorrect treatment but it did.

[RichieRich123]

How did they burn through $6.3 million in 9 months????? Seriously....that is a $700,000 monthly burn rate...on waht exactly....salaries???????? I am fed up.....

[RichieRich123]

I don't beleive it...$700,000 per month burn rate since financing.  No chance. WTF....

[goldn1]

richy: I would put it higher than 700k a month, especially if they are on boarding more hospitals, enrolling and and treating more patients. Just their payroll is steep bfore you take on the increased costs of a trial. G1

[skier59]

They have no excuse, to not of been !!!!