Theralase Technologies Inc. V.TLT

Good clinical update

[DJDawg]

I'm happy with the swimmers plot data and the continued improvements in CR%.

What I am not skilled at is interpreting the financial situation. Can anyone with a finance background weigh in? I can't see how they would have much more than a few dollars left.

[Yajne]

Agreed DJDawg. I'm no accountant but I just see "cash and cash equivalents of $365K as of March31" If so, and with two months gone since March31, I'm guessing that theyre running fairly tight on cash at the moment. Could a monumental NR be in the wings that would put warrants in the money? 

[Yajne]

Further, in the MD&A the section "Going Concern, Capital Disclosures and Statement of Compliance" includes this line which I believe it was also included in the April MD&A: The Company is currently seeking new financing opportunities and intends to complete a financing round in Q2 2023.

[Oilminerdeluxe]

Financing within a  month then. Good to have it over and done with. Onwards.

[Oilminerdeluxe]

I seem to recall a video with Dr. Kulkarni where he said 30% would be *phenomenal" results.  So 33% is better than phenomenal. 

[Lesalpes29]

I know FDA has to be carefull before they approve any drug or ACT but for the suffering patients can they go a little faster and get BTD-AA in the coming weeks with the actual results? It seems to me it's really really slow. And we talk about a 'simple' process wiith good or very good results, even with 12 undertreated patients. Of course I don't understand everything because I'

[socalbob]

Dawg this is not high finance. The cash situation has to be dire and must be addressed quickly.  The science might be great but it's going to take more money just to keep the lights on.  Hopefully, the solution won't be more and more dilution. All those existing warrants sitting out there have to be dealt with in any future JV or other buyout negotiations, and if more warrants

[Alamir1111]

So they filed the financial. On a 1.4 million expence you get to claim13% hst +gst which comes to around 180000$. Plus the 300000 +in the piggy ithink they good till early august

[Sunvalley]

Just enough cash until the FDA approval kicks in if everything goes tickety-boo and if the application is filed immediatly. Then big pharma makes a deal with TLT with the necessary cash consideration up front and we are away to the races. We shall see how good RDW is at threading the needle from this point onwards. Possible but only a news release would confirm the foregoing.