Theralase Technologies Inc. V.TLT

Alternate Symbol(s): TLTFF

Healthcare Medical Devices

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.

TSXV:TLT - Post by User

Theralase Technologies Inc.

Bullboard Posts

Comment by consultant99on Dec 27, 2019 4:58pm

166 Views

Post# 30495410

RE:RE:Warrants

There are over 300 million shares on a fully diluted basis and gaining a big chunk would be expensive. There are more than 60 million tradable warrants. For purposes of filing with the regulator I don't think warrants represent shares until exercised so ...

At what price would I guarantee giving up my warrants - when the warrants traded at the same price as the shares, (In reality I would probably start moving back to the shares if the spread narrowed significantly).

So someone comes along and picks up 40+ million warrants before going after the shares.
if they started by going after the shares first they have to start reporting their position when their share count reached something in the 12 to 16 million range.

Quattro74 wrote:

The warrants are really a special case, I'm sure they trade differently for each stock. Since TLT has a large % of float in tradable warrants, that really aren't easy to trade in and out of, I don't expect them to be where we see the big daily moves. Shares are much easier to trade, perhaps we will get options at some point when SP has moved up a lot ;-) ??

I like how much time value they have, the underlying is at .35c so they should be worth 0, right? So all of this 'value' is time value. They should track SP penny for penny from this point and higher, though more/less volatility will also effect them. So 2:1 ratio is going to go bye bye very soon IMO.

consultant99 wrote: I am impressed at how the warrants are holding up now that the stock is running. I would be happy with a 2:1 ratio until the stock gets to 0.70; really happy the warrants are actually outperforming the shares today.

Which brings me to another thought - if anyone was going to take a run at the company taking a sizeable position in the warrants would seem to be the logical first step before going after the shares.
Bid up the warrants for a few days then back away and watch the warrant price fall as shareholders take profits by selling the warrants and buying back into the shares.

i wouldn't say that is happening right now but someday the warrants might be the canary in the mine; an early indicator of someone taking a big bite of the company.