Post by
wildbird1 on Oct 10, 2022 1:30pm
Three trials simultaneously...
Nobody like dilution,but sometime you have to look at the bigger picture.
There seem to be two main reasons for this $5 million financing(2.5 x 2).
1) Giving TLT enough money to get to that +$0.50 "Tipping Point".
2) Giving TLT enough money to start the process(Good Laboratoty Practice) on two new cancer trials(GBM & NSCLC).
+$0.50 " Tipping Point".
If the SP climb over $0.50 and stay over $0.50, all the warrants that are at $0.50 and lower will be exercised, and in 2023 & 2024 TLT could have secured approximately $35 million in warrants money.
In order for the SP to stay over $0.50, TLT need a catalyst, like the FDA BTD approval, except that the FDA has a say on the timelines.
The 450 days data needed for the BTD approval will be completed by TLT in Dec 2022.
The FDA has 60 days to answer the BTD request.
The FDA could also ask for clarifications on anything related to the trial.
Just to be on the safe side, TLT need money to face these possible FDA timelines.
Starting 2 new trials.
Why would TLT start the process(GLP) on 2 new trial(GMB&NSCLC) without having first completed the bladder cancer trial?
Short answer...Amazing results.
In the Aug 29,2022 newsletter, of the 32 patients treated (including the 12 undertreated) 63% still had their bladder at 270 days(TR=CR+PR=63%).
Without the 12 undertreated patients +70% would have keep their bladder at 270 days, +70% is huge for patients that were 100% guaranteed to lose their bladder.
Note1) Conducting three trials simultaneously cost money, it would have been suicidal for TLT to wait until the last minute for financing.
The process on these 2 new trials will go much faster for 3 reasons...
1)TLT has gained a lot's of experience with the FDA & HC bladder cancer trial process.
2) The FDA & HC already know about TLD-1433 PDC compound.
3) TLT has already multiple clinical study sites in Canada & US.
Before long a steady flow of data from 3 cancer trials(Bladder,Lung,Brain) could be pushing the SP forward, at that moment we will be delighted TLT did that small $5 million financing.
Note 2) After 22 Aug, 2024(last $0.35 warrants), TLT could have approximately +300 million shares, 300 million is a puny little number for 3 cancer treatment that could be approved by the FDA.
To conclude..
I am not a big fan of peoples on this board who are predicting a very huge Shares Price for TLT in the future, but with the potential of having 3 cancer treatments approved by the FDA, maybe these over-optimistic peoples are on to something.
Time will tell.
Comment by
ScienceFirst on Oct 10, 2022 2:07pm
Great post Wildbird1. You understand the whole picture of events.
Comment by
BlueFranky on Oct 10, 2022 2:29pm
Wildbird - most excellent post! thank you!
Comment by
BlueFranky on Oct 10, 2022 2:29pm
Wildbird - most excellent post! thank you!
Comment by
Eoganacht on Oct 10, 2022 2:34pm
Excellent post wildbird1!
Comment by
Oilminerdeluxe on Oct 10, 2022 2:48pm
Yes, indeed. Thank you, Wildbird.
Comment by
Legit62 on Oct 10, 2022 3:08pm
Great post Wildbird 1 and totally agree
Comment by
Tapps21 on Oct 10, 2022 3:18pm
Excellent post wild bird. Also, fantastic research Oden. intriguing weekend reads.
Comment by
Infinity on Oct 10, 2022 3:21pm
Wild bird, I have no problem with your reasoning, Except one, WHY LIMIT TO ACCREDITED INVESTORS" why not to every TLT investor or any invstor for that matter. You can just trade the warrant at current price and you get to keep the share at HALF PRICE or close to halfr price. Does that make any sense except for a few ACCREDITED INVESTORS
Comment by
NgamiaSwede on Oct 10, 2022 3:33pm
If you let people with little money invest and they lost it all you will probebly be sued if you make sure investors have money there is a little risk of that when I was part of the PP your net income before taxes had to be 300000 CAD in the current year or had more than 1 million in cash and securiteis Investors with money is known to the risk from invest, glta
Comment by
Infinity on Oct 10, 2022 8:55pm
It is not a question of people with little money. It is a question of what is fair and within reason. Well at the end of the day, I still believe in TLD. I also know in the event of Hostile take over, who to vote for. Hopefully very soon..
Comment by
robertshaw on Oct 10, 2022 9:37pm
Completely agree, fair to all of the shareholders, and trustworthy from the management is very important (not doing cheating like promised no PP needed before the end of Phase 2 , yet lied again as before... Anyway, almost all of the long shareholders only care about Sherry Ann Mcfarland 's science side..
Comment by
Infinity on Oct 10, 2022 10:23pm
Hey Science first. You can pump this management all you want. Does not change a thing in terms of prudent managemement. More than Obvious that you are being FED.
Comment by
Oilminerdeluxe on Oct 11, 2022 12:55am
If you are short on cash, you take money if it is offered. Now we at least have enough to start dealing with other indications. FINALLY! Not sure how the time fram of those are but hopefully GLP can start asap
Comment by
Oilminerdeluxe on Oct 11, 2022 4:03am
I realize now that the 2nd PP is bettar to have than not at all. Now, go make us rich TLT. If we can get other indications going as well, that is a good thing.