Theralase Technologies Inc. V.TLT

Financing to close Nov 20

[james700]

So, it appears that they raised $1.5M. I did contact Theralase and ask why they did not email all the shareholders at the same time as they announced the financing. We probably all would have signed up for the financing, instead of buying existing shares at sub $0.20. The future of TLT is in the interest of all the long term shareholders..500 shareholders times $5,000 is $2.5M.  This current stop gap financing will close Monday Nov 20th. Good luck to all longs.

[N0taP00p]

They cancel the LIFE raise, initiate a PP raise for a smaller sum and at the same time tell you they're going to close the announced raise the next business day after the NR is released, apparently because they already have a line of sight to the amount they asked for.   Is that what you're saying, James?  

[james700]

The Offering is scheduled to close on or about the week of November 20, 2023 and is subject to the receipt of all necessary approvals, including the approval of the TSXV ("Closing Date"). This was in the news release

[Oilminerdeluxe]

At least it seems they have 1,5 m lined up. That's good. But man do they need that BTD. Fingers crossed.

[Alamir1111]

I guess Gbm trials are on hold....xray and ruvidar sounds so promising..

[Oilminerdeluxe]

Ok, they  will have money for 5-6 months perhaps. If that 1,5 is indeed ours, but it appears so at the moment. Considering the snail pace, is that enough time to get that BTD? It should, but since everything takes forever.. The tiniest delay now won't be pretty On the other hand, perhaps they can shut down things that are not a priority and save some bucks. They need to get that

[StevenBirch]

My feeling is they could probably do a deal with someone right now if they wanted but it's better in the long run, for the shareholder, to beg for money using small PP's than do a deal with the devil. Let's face it, other than the financial situation nothing has changed for the worse and in fact the data continues to advance and there are other things going on. The precarious financial

[Oilminerdeluxe]

With a little luck, the next data update might bring smiles back. If the stream of PP money is still there when needed in the future, this is perhaps the best way to go.  But man, they need that BTD. That in itself might not move the needle but any j/v should be much better if it is given. I keep telling myself that anyway. Less than two weeks until the next udpate. 

[Rumpl3StiltSkin]

BTD, JV potential, AA around the corner, Improving phase 2 data? Money $$$ should NOT be a concern for a next PP. IF, they even need one in 4 or so months?? I think this gives them another 6 months $$ but it is always good to do the PPs a bit earlier.

[Mikee3003]

Steven - you really think they could do a deal right now but in the long run it is better for shareholders to keeping doing small PP's......LOL!!! I beg to differ, going BK is NOTbetter for the shareholders! Don't tell me that there is no way BK could happen! Brings back memories of Oilexco. This was at one time a darling of the TSX, at least 8 analysts had recommended it but then they

[N0taP00p]

Mikee3003.  If TLT put a sign on their door that said "we're closed due to bankruptcy", you'd still have our local diehards standing outside with JV and AA signs. You're getting a live demo on how cults work.  Makes TLTs daily run of Groundhog Day somewhat watchable. Enjoy the show and hope that TLT holds on.  Even with BTD, I'm no longer sure they can get

[Benedictus]

Unfortunately, I agree. If a licensing deal was on the table it's very hard to believe they wouldn't take it in a heartbeat, even if the terms weren't great.  I mean each failed offering where they settle for less funds than they need is just a growing track record of very poor optics and ongoing investor distrust in this executive team's ability to garner credibility for