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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.


TSXV:TLT - Post by User

Comment by DJDawgon Feb 24, 2023 3:41pm
275 Views
Post# 35304268

RE:RE:RE:RE:RE:Shifting narrative

RE:RE:RE:RE:RE:Shifting narrative
I am very skeptical about the trading volumes and what they mean.

We know:
- about 216 m shares outstanding (not counting warrants)
- we know that insiders have easily 20 m shares that they have not sold as it would be reported
- we know that there are a lot of dedicated longholders. Many of whom indicate that they own a lot of shares. I don't know what that means but if the average passionate longholder owned a few hundred thousand shares then it would only take a few hundred of them/us to own most of the market cap.
- we know that on some days trading volumes of 25,000 have managed to drop the share price by 8%. Easily. So my guess is that the long holders are not selling and they are also not buying as they have bought what they intended. Leave a few others to do random staff to cause price swings.

The other big red flag is that in the last 4 weeks ago there were a few days with 500,000 shares traded and the price didn't change. My suspicion is that there are a few swing traders that trade between separate accounts that they own in order to see if they can shake out sellers for a lower price. How else do we have days where the total shares traded at 89000 (today) and the price is down over 5%. I cannot see how 500,000 shares move without a price drop unless it is just moving in a preplanned fashion between coordinated seller and buyer. Anyone else have an explanation?

I'm not trying to call conspiracy. Just wonder if there are some people whose day-trading job is to moving things around to generate small profits in volatile stocks.

All in all, I guess my point is that the price dance is not a real reflection of market forces because of this situation of dedicated long holders who never sell and a few others that do in ways that are hard to interpret.
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