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 O12009on Dec 27, 2019 7:37pm

116 Views

Post# 30495797

RE:RE:RE:RE:RE:RE:Warrants

jojomarch wrote:

investclub wrote: Hi jojomarch you are to report if your ownership falls between 3 to 10% meaning with current outstanding shares sit at 204M then if you own 6,120,000 shares you must declare 3% ownership and with each additional purchase that too must be declared with the new total. I am not sure about warrants but I would bet if you have warrants that fell into the 3% to 10% would also be required to report if there is a different criteria for that and someone knows please fill us in ... thanks.

jojomarch wrote

consultant99 wrote:
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 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.

A large chunk was purchased through Barclays , wheels are in motion . Consultant is right , gaining a high percentange of the warrants will be part of the strategy .

Cheers

Investclub , I was under the impression that 9.9% was the threshold .

After crossing the 10% ownership level, you must immediately stop making any further purchases of securities of the issuer. Next, you must promptly issue and file a press release stating that you have become a 10% shareholder and disclosing other required information. Finally, you must file a report with the Canadian securities regulators within two business days of becoming a 10% shareholder. You may only continue making purchases of the issuer’s securities at the end of one business day after the report has been filed.

After each further increase of 2% or more from your last reported position, you must once again stop making any additional purchases, issue another press release and file another report. Again, additional purchases may only be resumed at the end of one business day after that next report has been filed. However, under the conventional early warning system there is no requirement to report decreases in ownership.

In addition to filing the reports required under the conventional early warning system, you will also be required to make Canadian insider report filings.