RE:BTD and AA
jmm1228 wrote: These, when they happen, bring on a new level of expense which TLT must be prepared to handle.
BTD confirmation would catalyze the sp. 77M .35c warrants would be itm and potentially another 7M .50c wts, so despite not having an acceleration clause, I'd still imagine many holders would be highly motivated to exercise and the money will flow into company coffers. This current raise shores up cash concerns for roughly one year if cash burn rate follows recent quarterly trends allowing them the time to achieve BTD.