Theralase Technologies Inc. V.TLT

The pharma possibility...

[reconsider]

If a pharma snatches the totallity of the 10M offering, won't they become the biggest shareholder of our little gem?
Roughly speaking, they get 45M shares of a total of 300M (current 250M + 45M from the new offering),
Wouldn't this ownership % grant them executive power?
One can dream...

[Galaxym31]

45 million shares at .22 , how do you know this ?

[reconsider]

That's what I read in previous posts. $10M raise at 0.22 a share.

[m8magic]

i think the 10 million is taken already and the little bit extra they get from tired investors will be listed as an oversuscribed portion...

[Oilminerdeluxe]

If that is the case, I will buy like mad. Hope you are right. 

[menoalittle]

To do more than 10 they'd have to get additional TSX approval, which would delay it.  Not likely, imo.

[menoalittle]

For that reaso, I suspect that On a very short window pp like this they would probably ask approval for a bit more than what they might already have significant interest for.  Frankly I'd much prefer they only did  5 or 6 rather than the full allotment.  (Partly because of the size block it would be if it were a single entity taking it.)

[skys1]

Galaxym, If they want to raise $10 million @ .22 p/s, they would have to sell roughly 10 million shares @ .22 to do it.

[skys1]

Sorry, I just read what I had posted. It is obviously wrong. It would take 45 million @ .22 to hit the $10 million desired. 

[riverrrow]

45 million shares is way more shares than Roger has.  I can't see Roger giving up that kind of control.  $10 million is a wish list target.  Maybe there are one or two players willing to ante up a million or so, but Roger will want the placement spread out.  If Roger could raise $10 million it would help get all these new projects off the ground and hopefully raise the

[Infinity]

My thoughts as well.  I don't see RDW giving up majority stake in the company to one or two major stake holders who are willing to put up the money VIA pp to get 45 Million shares in two or three blocks of shares+ warrants at a latter date further diluting the stake that RDW currently has.  It will very likely be a much smaller PP among existing stake holders or interested parties

[reconsider]

If they are not expecting a big player grabbing the offer I can't see how we will get to 10M. Could this 10M target be just a distraction towards the next Annual Meeting?

[CancerSlayer]

Yep...Based on the small amounts of the prior raises, $10 million is quite the departure from the norm.  Why declare/wish for that high of an amount in a vacuum (no assurances) & then potentially fall miserably short?  I have to believe there must be a level of confidence/assurance within the company that there is at least a few million dollars already spoken for, possibly spread