Theralase Technologies Inc. V.TLT

1.2 M in cash....anyone know how far that will go :)

[DJDawg]

[Yajne]

Many months back, I had estimated their burn rate to be ~$300K/mo Not sure if that's still the case.

[skys1]

This should get them to BTD approval, then they will be far more appealing to the big pharma crowd. Much can happen then, especially with their new BOD member that has much experience working that crowd.

[StevenBirch]

Size does matter evidently, each PP has gotten smaller like they are doing the bare minimum to get to the next threshold. They can't control the time that it's taking and per Jaro from the AGM they will take no shortcuts but $1.2M? We MUST be getting close. 

[Jaro1977]

funny story, as soon as the questions period opened up, a gentleman with what appeared to be his grandson asked "how is our cash position?"  To which Roger replied, "why, you wanna give me some?"  The gentleman replied "see me afterwards".  Total speculation here but might he be the non-brokered private placement?  Again, just speculation. 

[Jaro1977]

I expect about 1-1.2 years, enough to bet BTD advance GLP studies

[ScienceFirst]

This This low pp is a bridge pp to the FDA Breakthrough's response.  No doubt. TLT is doing the right things, in the right order, at the right moment.  Up to big pharmas to confirm their interest.   Highest efficacy % translate into larger market shares for the one that will want to jv with us. Very interesting to see Dr. Kamat presenting our treatment @AUA on p. 11 of

[Oilminerdeluxe]

Enough to get us to BTD land, and then another raise at higher prices? 

[riverrrow]

Well, we certainly can't complain about share dilution with this pp.  Is it illegal or something for Merck or another pharma to participate in a pp?

[skys1]

riverrow,  yes they can, and they don't have to report anything publically until their shares reach 10%.

[Oilminerdeluxe]

Happy to see money in the bank. It will last a while at least. Now bring on the BTD please and whatever will come after that. 

[Legit62]

I think we pulled in 1.477 million in that round plus what we had in kitty, probably bring us to early 2024 , but like Skys said, small for a reason, probably have something in the works and didnt need a big PP IMO. US side closed today, maybe some news within a few weeks

[BlueFranky]

Enough to get us to the next benchmark and a raising at a buck a share? ;-)

[N0taP00p]

@DJDawg:  Much less than a year if they really intend to use it for for other indications.  All I see at this point after all the hoopla over poster presentations, the return of the saviour,  youtube interviews that get  staggering views in the hundreds (someone check, could be a thousand),  data to drool over...and yet we can only raise money at a princely 25 cents, that

[Sunvalley]

Fine with me nincompoop ! .  Enjoy your stay at the institute. Hope the treatments are successful. Not!