Theralase Technologies Inc. V.TLT

Another Financing - Seriously?

[consultant99]

Giving away more shares at 0.25 plus warrants.

Exactly how does this instill confidence for new investors that the company is on the cusp of getting BTD and a positive vaccine animal trial? 

Every time the stock starts to move higher - whack! We were over 0.36 when the first round of the latest financing started. To go back-to-back is just cruel.and now the share price is sitting at 0.24/share. 

If you value the warrants at roughly half the share price I suppose we could see the price drop to 0.17 if existing shareholders are liquidating to participate.
I don't think that will happen or at least I hope not.

I wonder if insiders will participate in the second financing as well...

[Johnandrose22]

Your post is painfully realistic. I will be keenly observant of whether the clinical timelines in the next corporate update will have changed, as they have throughout this year. I am hoping...pleading...they do not...but..

[FGPstock]

Consultant, I agree... When a few of us said a small PP was needed, we were bashed for that opinion, now everyone thinks this is a great idea. While I expected a PP, if BTD is a few months away, I don't see the need for $2.5MM or $5MM, also, why extend .50 warrants to 2024 unless TLT doesn't expect the price to be ALOT higher like the rest of us do. Now there are 10MM more shares at .25

[Rumpl3StiltSkin]

Yawn, the bashers are back. So FGP you were for the PP before you were against it? Lol, It always made sense to do a small PP IF the money was going to get tight before Approval. I was Optimistic they would do it later. I was wrong. Perhaps they are being conservative and thought it better to have the funds in place now so SP can take it's natural course when news on Covid Vax, GLP, Multiple

[FGPstock]

Rumpy, I was for a small PP, if needed until they got to BTD, then they could raise at much higher levels, not dillute the stock as much, etc. This is just common sense. I would love to not dillute at all, but why raise 5 million at .25c if BTD is right around the corner. You can say I am a basher, but I am actually just trying to keep the share structure as tight as possible. TLT is the ones who

[robertshaw]

Completely agree you. As I hold over 600k, from past 8 years , and was also deemed as a basher.

[Lesalpes29]

When we can expect a better SP in the coming months it's difficult to see why an other PP now at this price (but easy to imagine wolves just behind the doors!). BTD, AA and vaccine results are suppose to be positive no? Vaccine results with money upfront no! Anyway, nothing we can do... and on the positive side, money will not be a problem in the coming months.

[Oilminerdeluxe]

Maybe action time for real in the coming weeks then. Hope so.

[Legit62]

My feeling on the financing is they needed working capital to start new trials,the number of shares doled out not that crazy, who cares if insiders got more, not a bad thing even though the SP is low now, and i also believe we are in for some big news soon which will ease all the active minds out there. This is a small biotech company trying to make a name for itself, if i didnt believe in the