RE:We should know hopefully tomorrowN0taP00p wrote: The trade volume is spiking. Maybe it's the folks buying the new 5 years BOGO deal that are offloading existing shares, but wonder who's buying?
Also, my guess is they'll need at least $1.5M per quarter. So, hoping to see at least the lower end filled in this ongoing raise. Else, the hat will be passed around again in Q1 at a much lower price.
Have you read the LIFE offering, specifically the Business Objectives and Milestones and Use of Available Funds sections? They outline all the specifics w.r.t. current working capital and overall expected costs incurred depending on whether the minimum or maximum amounts are raised. It's nicely detailed and easy to estimate how the next 14 months should unfold from a cash burn perspective. With many potential catalysts during that time period I think cash could be much less of a concern.
https://theralase.com/wp-content/uploads/2023/10/Theralase-Amended-LIFE-Offering-Document-v10-clean.pdf