RE:Seems like yet another management failure to raise fundsThere were some "wild" conjectures here about how the multi-phased private placements were the smartest thing to do to enable funds when needed. Everyone used the word tranche like it magically opened doors to money. Sometimes, it's best for the data to speak for itself, rather than argue with folks emotionally attached to one horse in every race. If TLT collects 250K when they pass GO, I'll be happy. No one knows where they are on the monopoly board right now, unless they're telling some people privately.