Government grant/loans...maybe before year end....????In all the previous updates, there was never a direct mention of a government program(grants/loans).
All of a sudden in a MP send to investors, TLT said...
'' Receiving approval for a Government program that could assist with our capitalization objective, this decision could come at any time between now and the end of the year''. And now in the last earning update...
Theralase Technologies Inc. (TLTFF) Q3 2024 Earnings Call Transcript | Seeking Alpha Kristina Hachey(TLT Chief Financial Officer) said...
'' The Company plans to raise approximately CAD$10 million in debt and/or equity instruments and
government programs in the form of grant and loans to become shelf eligible(first time ever a direct mention of a Government grant/loans is made in an update)''.
Coincidence...????
These comments on Government programs grants/loans started to appear after this study by Dr. M. Coombs (University Of Manitoba, Medical and infectious disease) was published ...June 2024.
Nanomolar concentrations of the photodynamic compound TLD-1433 effectively inactivate numerous human pathogenic viruses: Heliyon In this study Dr M.Coombs said...
Discussion...last paragraph...
''
The viral inactivation mediated by TLD-1433-PDT induced ROS is effective against different families of viruses...and this opens potential opportunity to generate a broad spectrum of inactivated virus(es) vaccines with greater potency than vaccines produced by currenttly available inactivation techniques''. Here is another interesting fact about Dr.M.Coombs...
profile - Kevin Coombs | Max Rady College of Medicine | University of Manitoba In this link it is said...
''Dr M.Coombs has also served on various local, national, and international grant funding panel''. All the above could be coincidences...But a Government grant/loans (even a very small one ) could be interpreted by investors as a good omen, and a proof that a team of Government scientists that evaluated the data provided by Dr M.Coombs came to the conclusion, that TLT compound(TLD-1433) has great virus and vaccine potential.
If a small grant/loans is approved and results are concluant, bigger grant/loans coud come later.
We could find out shortly(maybe before year end).