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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF

Theralase Technologies Inc. is a Canada-based clinical stage pharmaceutical company. The Company is engaged in the research and development of light, radiation, sound and/or drug-activated small molecule compounds, their associated drug formulations and the light systems that activate them, with a primary objective of efficacy and a secondary objective of safety in the destruction of various cancers, bacteria and viruses. It operates through two divisions: the Drug Division and the Device Division. The Drug Division is responsible for the research and development of light-activated small molecules primarily for the treatment of cancer with assistance from the Device Division to develop medical lasers to activate them. The Device Division is responsible for the Company’s medical laser business, which research, develops, manufactures and distributes cool laser therapy (CLT) systems to healthcare practitioners, predominantly for the healing of pain.


TSXV:TLT - Post by User

Bullboard Posts
Post by tuesdaynightridon Jan 10, 2015 2:30pm
222 Views
Post# 23305743

My Departure Until a Late 2014

My Departure Until a Late 2014I have very little time for this mb so I'll be brief. I had been planning the sale of most of my TLTFF for some time... at least until we were nearer the start of Ph1/2a which I now anticipate to be very late 2015. In early November, I held 351k shares because I, like many here, had become enamored with the science. Obviously, over the most recent several months I have become the major critic of TLT management. Yesterday, I sold another 100k shares of TLTFF to bring my holdings to 101k. Luckily, my average in price was $0.29 and average out was $0.45... so with yesterday's sales, I won't lose money even if the 101k shares remaining go to zero. I will hold the final 1001k in the event that some pharm does try to buy TLT or he strikes a very bad deal to get the funding he desperately needs now. I was actually waiting for 2 catalysts to occur which might drive up the sp before my sale yesterday (ie the TLC-2000 HC approval and additional preclinical data). However, I've also been expecting this 3rd, negative, catalyst to occur at any time. You see, back in July, White was asked whether he had the funds to complete the ph1/2a trial. His answer was that he had enough funds to start the trial but not enough to complete it. These funds were also predicated on TLC-2000 sales thru most of the 4th quarter. He had stated that he would not do the share issuance with the price under $0.50 so I saw yesterday's announcement as a rehash of old news in an attempt to move TLT well above $0.50. White has himself in a pickle. So, to make a long story short, unless there is some 11th hour deal with pharma (which is the reason I still hold 101k shares), White will orchestrate a major share issuance that I'm now expecting to be 25 to 30 million shares. You see his burn rate is even higher than reported and he will be out of cash in the days and weeks just ahead. His treatment of shareholders relative to information and timelines has become very poor as I may have stated here more than once. I have a few more comments regarding the trials and bladder cancer and will follow up late today or tomorrow because after this weekend, there will be very few posts until late 2015. Best to all!
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