Theralase Technologies Inc. V.TLT

$500 million for 10%...

[riverrrow]

...of the company.  I'ld be willing to accept that offer.  Now I just need to find somebody who will make that offer.

[Oilminerdeluxe]

Same here. 10%, fine by me. I am quite puzzled by the recent pp.  It's like 2 months of burn rate, tops. In a perfect world that could mean they have sent in the BTD application and the money is meant to last until a decision arrrives. Then make a much bigger raise, or a j/v, if the company receives it. Sounds sweet and dandy. But this is TLT, hardly anything has gone smoothly these past

[Legit62]

My question is do we receive AA with BTD cause our data and safety is so good and will that allow us to get paid going foward?? Or is our JV partner telling Roger you are all set once TLT gets BTD. We will find out shortly, 

[Longholder99]

Could be that this player has been along for the ride the whole time.  Has participated in the PPs etc. maybe?   Roger is possibly just being loyal and the partner is being distant out of respect for RW wanting to follow his plan.  May explain his obvious confidence at all AGMs and the quiet running in terms of promotion of the company and process/molecule.  

[99942Apophis]

I am not picking on you Legit62 however I strongly feel Theralase has more than 1 JV partnerships in mind for commercialization!  Although I do agree with your thought of one or more entering the partnership with a small cash infusion for ownership percentage. Interesting that discussion here is again in hypothesis mode.

[Legit62]

exactly, that was what my thinking was, or we are up shits creek and we cant raise cash which i dont believe. i think he raised what he needed to

[patience69]

IMO he raised as much as he could under the current circumstances. I am willing to wager that most people are tapped out & have done their share. I could be wrong but I cant see the effort for less than 500k frankly. This was a continuation of the last pp which was up to 5M. It only raised 1.2 so I bet hopes were to get closer to the 5. Being a glass half full person I sort of think that maybe

[Beano349]

In the last release, they had received feedback on BTD from the FDA and were resubmitted a preapplication soon...and if that goes well submitting a formal application. They thought Q4 or Q1 to hear back. I would consider this good news as they are working with the FDA and accepting whatever criticism now and fixing it.