RE:RE:RE:RE:RE:Financingenriquesuave wrote: A 5% dilution took us down temporarily almost 30% from 0.35.
StevenBirch wrote: Yes this has been hanging over the stock for weeks and now it's out of the way. The stock will always trade down to where the PP was done, in this case before the announcement rather than after so it should be a gradual climb from here as we get closer to the next update.
Yajne wrote: P.S. nice to 'non-brokered' as well...specifically the Mackie was nowhere near this thing. Non-brokered financings are usually a good omen IMO, the fact that they were able to round up the funds fairly easily incl $600K from insiders which is also a good signal.
Yajne wrote: IMO, we go up from here in anticipation of BTD and AA. The 'writing on the wall' was obvious after Q2 released for anybody with a basic knowledge of financial statements. They had cash to end of Q3 or possibly a month more based on monthly burn rate. This small tuck-in financing is IMO exactly what the doctor ordered at this point and puts the $$ question behind us until will into 2023 when SP should be a completely different level when BTD and AA achieved...and talk of other indications begins to enter the discussion again. So KUDOS to TLT mgmt for this small financing.
enriquesuave wrote: Good. At least company has about $3.6 Million in cash now until at least a year and now will prepare for GBM and NSCLC as well. They can't wait till last minute. Next catalyst will see warrants excercised I hope and more cash.
Was it really a 5% dilution? By my count we have had quite a few 'chunks' of warrants expire in the last cpl of years. And another chunk likely to expire in 10 days. So these 20Mil shares/warrants gets the float back to ~ 300Mil shares/warrants. My calculations haven't changed.