RE:money questionsI think you are right Dawg. They have always maintained they had enough to complete Phase II and while Covid and slow enrollment didn't help they have never waivered from that and now I guess they figure they have enough treated and far along enough that it shouldn't be a problem.
That's why these results weren't BTD worthy yet but the trend is important and we should know in a few short months now. Whether it's BTD leading to AA, a JV or warrant money it's all lining up.
Now if we could just get the market to agree.
DJDawg wrote:
I think TLT will need money. I'm shocked they haven't found a JV relationship, unless they are not trying too hard.
Besides a PP, the other money coming in would be from warrants.
Given the evolving CR numbers I'm certain that they will get BTD. Having said that, I could see that they could wait to submit the BTD for when they feel that the numbers are best.
With BTD there would be no doubt of a price pop over 0.5. If so
(See bottom) from the MDA. My read is that:
Oct 3 - price pop over 0.5 brings in 1,582,504 dollars. That may not happen as that is pretty soon.
Jan 9 deadline - price pop of over 0.5 brings in 2,047,578
Price pop over 0.35 anytime till Aug 2024 - brings in 20,124,650
Does this read correctly to you all?
--------
"As of August 29, 2022, there were 64,759,165 warrants outstanding. Each whole warrant entitles the holder thereof to purchase one
additional common share. The warrants are exercisable as follows: 3,165,008 at a price of $0.50 until October 3, 2022, 4,095,157 at
a price of $0.50 until January 9, 2023, and 57,499,000 at a price of $0.35 until August 22, 2024