RE:RE:Smart move by TLT management...Normally, private placements are divided into tranches to cater to different investor preferences and the issuer's needs. In order to knock down the speculation TLT should have given us an estimated closure for the second tranche. It's common practice.
So let's keep the speculation going:
I would hope that Roger has capped the max dilution at $10M. He may have a deal with a bigger investor to fill the PP (minus the money raised from retail and insiders in this 1st tranche). That amount difference would define the conditions of the 2nd tranche.
One can dream. GLTA.
*Please TLT, better NRs. In this pursuit there are some many variables we have no control over. NRs that minimize uncertainty is something we can control.