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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 StevenBirchon Jul 09, 2024 8:17am
262 Views
Post# 36124065

RE:Smart move by TLT management...

RE:Smart move by TLT management...Hopefully and maybe part of the plan is that by the time the second tranche is needed they will have some news in hand and they can raise money at a higher price.

I do remember when they announced they were going to raise $10M that some were concerned with dilution with the stock at this price and they didn't mention anything about 'tranches' so it seems once again they are raising just enough to keep going, keeping dilution to a minimum.

I also love my TLT shares but I'm not sure about the tradeable warrants, we still have a little more than a month for something to materialize though.


wildbird1 wrote: In the Newsrelease it is clearly stipulated that this is a Non-Brokered Private Placement.

With a Non-Brokered Private Placement, it is TLT(not a broker that doesn't care) that decide to who they are going to sells the shares. TLT has to hand-select each investors one by one, it is a time-consuming process, that could explain why it is done in tranches.

By doing a Non-Brokered Private Placement where TLT hand-select each investors(insider, friends...etc), the company(TLT) is making sure a big stack of shares will not be acquired by unfriendly hands.

It could be possible that at this point in time, having a big foot inside the FDA, and being so close to Pre-BTD and BTD approval, TLT decided that it was to the advantage of the company to do a Non-Brokered Private Placement.

Whatever the reason for now TLT has money to continue towards Pre-BTD and BTD approval.

I love my TLT shares.


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