Theralase Technologies Inc. V.TLT

RE:RE:The pharma possibility...

[CancerSlayer]

riverrrow wrote: 45 million shares is way more shares than Roger has.  I can't see Roger giving up that kind of control.  $10 million is a wish list target.  Maybe there are one or two players willing to ante up a million or so, but Roger will want the placement spread out.  If Roger could raise $10 million it would help get all these new projects off the ground and hopefully raise the share price significantly.   GLTA.

Yep...Based on the small amounts of the prior raises, $10 million is quite the departure from the norm.  Why declare/wish for that high of an amount in a vacuum (no assurances) & then potentially fall miserably short?  I have to believe there must be a level of confidence/assurance within the company that there is at least a few million dollars already spoken for, possibly spread across two or more parties?  But having two or more outside parties willing to pitch in that amount (while not having more control/skin in the game) also seems to me to be a less likely scenario.  

Maybe there is/will be a well-funded biotech or smaller pharma who can pony up a portion of funds that would obviously be contingent on a structured partnership deal?  This would mitigate financial risk & leave the door open for future acquisition, licensing, etc. once a certain milestone(s) or development has been completed....just a lot of hope here for a win-win scenario & the best for all at stake. 

The potential alternative is we raise less (perhaps significantly less) than the company had hoped for & we continue to fiscally limp along from data readout to data readout or BTD.  The latter works great so long as you can continue to do it.  In this scenario, I would love to see a smallish raise (2 to 3 million) that gives up no control & comfortably gets us to the BTD stage, at which time a further raise &/or partnership should be much more attainable.  JMO.