RE:RE:RE:RE:RE:RE:RE:RE:January 9th warrantsScienceFirst wrote: Probably that the company wanted to respect those that participated in the original pp of 2019, and so, we're supportive of the company's future, when the Company was looking for funds. Financing a biotech that has no ph. 2 data at that moment never puts management in the driver's seat when it comes to looking for fundings at the best conditions.
I assume that those that are insulted about this extension would probably also have felt betrayed if they had took part of the 2019 pp and that the company would not have extended those warrants yesterday.
It all depend on where one sits.
These warrants have been part of the fully diluted share count since Jan. 2019.
Again, TLT would be in a much better condition if COVID-19 never happened. But that's life.
________________
The Warrants were issued on January 9, 2019 pursuant to a private placement involving the issuance of 4,095,157 units of the Company. The Warrants were previously amended to extend the original expiry date of January 9, 2021 to January 9, 2023. Now, the Company proposes to extend the amended expiry date of January 9, 2023 to January 9, 2024.
Yes ScienceFirst this is the 2nd warrant extension the previous was extended from October 3/2022 to October 3/2023. Both extended by 1 year to those that put money into the company for use that has benefited us all. Maybe some are apposed to this but yes it has to me a strong writing on the wall message, that message is " we're here baby " reward time is an eye blink away.