RE:RE:$.54 WarrantsHi Longholder99 here is the financial raise from March 3rd 2015
Toronto, Ontario – March 3, 2015, Theralase Technologies Inc. (“Theralase” or the “Corporation”) (TSXV:TLT) (OTC Pink®: TLTFF) is pleased to announce that it has closed its previously announced public offering (the “Offering”) of units (each, a “Unit”). On closing, the Corporation issued an aggregate of 18,181,817 Units at a price of $0.44 per Unit for aggregate gross proceeds of approximately $8,000,000. Each Unit consists of one common share of the Corporation (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.54 for a period of 60 months following the date of issuance.
Longholder99 wrote
Approx 30M fewer shares fully diluted (I may be off on that count). One less bunch of warrants available for cheap profiteering on the backs of retailers holding shares for years hamstringing SP appreciation once FDA approves and Ph2 results start being released. It may not be a 90 degree turn straight up. But it wont hurt. I also believe Frost was (is) a dangerous man to have sitting on enough shares to get a seat on a Board or be in a position to take over. So yes Im one of those shareholders that thinks a concerted effort is in play to let these warrants die before the real traction starts.