Theralase Technologies Inc. V.TLT

warrants

[DJDawg]

Interesting discussion about warrants. I know that I've seen PR's that warrants have been extended. Can anyone clarify, the massive load of warrants from 4 years ago....can those be extended?

I can see it going both ways. If warrants are redeemed because the stock is above 0.35, that brings in something like 20m in funds which is a win. If they are not redeemed, then 57,500,000 fewer shares out there. That would prevent the shares outstanding from jumping by 25% if I understand it correctly.

[99942Apophis]

Yes they can be extended DJDawg. One minor point that I feel has been brought up many times is share dilution which with share options and warrants  plus future options looking out say three years could roughly be 350 million give or take 10M.  Let's say Theralase achieve BTD before 2023 year end, followed by AA and gets a few Pharmaceutical partners (with more to join up) by end of

[DJDawg]

thanks for explaining that. I've always found warrants confusing as don't own any and never heard of them before this board.

[patience69]

I could be wrong on this one but it seems to me that there is a 5 year maximum on warrants. These ones will be at 5 years when the August date arrives so I am not sure that they could be extended. The ones that just expired on October 3 were also at 5 years after being extended. They were in friendly hands but to the best of my knowledge they could not be extended past the 5 year mark

[fecats]

I believe you are correct P69 . It will be interesting to see what happens with warrants expiring Jan9/24 . They are at 5 years now as well after being extended a couple of times . They are 50 cent exercise price and I think about 4 million out there  . Lots can happen between now and then 

[Rumpl3StiltSkin]

These Jan warrants could get exercised in time as well. BTD should happen prior.

[99942Apophis]

My exact thoughts on the matter too all outstanding warrants will not need any extensions, end of story.