Theralase Technologies Inc. V.TLT

Money slowly trickle in...

[wildbird1]

A few days ago TLT had 216 million shares out.
Today TLT has 223 million shares out(7 million more).

Depending on the value of the warrants being exercised, TLT could have a few hundred thousand $ more in the bank.

Not much but....

[Lesalpes29]

Time to put a bid at .13... seriously. Don't like tghe timing of this financing. GL

[DJDawg]

Heard from someone that the deadline to put in paperwork for the LIFE is Oct 30 (end of the day I guess). All we can do is hope that the new buyers are interested enough to hold on to the shares and the price drifts up a bit.

[riverrrow]

From the news release: "The Offering is scheduled to close on or about the week of October 30, 2023 and is subject to the receipt of all necessary approvals, including the approval of the TSXV".  Week of October 30, not day of.  Also, on or about.  

[wildbird1]

Big correction... I hope somebody can prove me wrong, but the lowest warrant are at .35$ each. But in the Nov,21,2022 pressrelease 7.8 million options were granted at .25$ each. If the 7 million more shares out are these options being exercised, then TLT has close to $1.9 million more in the bank.

[riverrrow]

The problem with options is that ordinary shareholders often get quite irate when the options are exercised and the shares are subsequently sold. 

[ggrellette]

Sadly options are utilized that way because it is seen by the industry as free money. When filing out your proxy stop agreeing to stock options is the only way it will stop. Now mgt. will cry foul if they can not grant options. the options are for incentive purposes but it works both ways.

[2b7f6fab]

Maybe you're looking at Theralase website for the share count.  I always go to the TMX website for such information because it is always up to date there.  Share issuances have to be reported/approved by TMX the regulatory body so it is always up to date.  Not so with Theralase website. I imagine with the skinny crew some things get overlooked.  The two previous PPs, one

[2b7f6fab]

Slight correction to my previous post.  TMX is not a regulatory body but it is Theralase transfer agent via TSX Trust so yes any stock issuances has to be reported to it. Another thought and correct me if I'm wrong.  The wording of the LIFE offering with RCC seems to indicate that RCC has committed to the minimum share offering.  So even if there aren't enough client takers

[99942Apophis]

You wage a good argument 2b7f6fab, to theorize RCC has committed to the minimum funds would in my wild guess be that they have within their ranks a person competent enough in medical knowledge to desire a sizable position themselves. It could also be that some of their clients have expressed interest in what RCC would consider a rising star. Financial institutions do take long shots but knowledge

[BlueFranky]

Apophis, please check your inbox

[2b7f6fab]

99942A, RCC doesn't need to have anyone on staff to evaluate the medical technology.  Just pay a couple Urologists to spend some time assessing.  Remember there was a short video a while back with one of our PIs and that renown Urologic Oncologist from MD Amderson talking about how great this technology is progressing?  Just what the Dr ordered. I took a look at RCC website

[2b7f6fab]

No love here on this board.  98 views and not one like.  Might as well pour myself a tall vodka and talk into the corner of my living room. Ever try to keep a balloon under water? day by  day this balloon is getting bigger.

[Benedictus]

You raise a fair point about the possibility of a few options being exercised during Q3 but still it seems doubtful to me and we'll have to wait for Q3 financials to drop before confirming. Of more consequence going into Q3 24 will be the 10.2M .26c options set to expire. By then this company will hopefully be on much firmer financial footing and options being exercised will be viewed more as

[Benedictus]

Wildbird,  sedar financials show the share count went from 216.5M at end of Q1 to 221.3M at end of Q2 due to the 4.8M share issuance on 6/30. With the Sept 8th issuance of 1.8M shares, the current share count stands at 223.1M , which will increase soon based on forthcoming details of the closing. Also, it's worth noting 3.1M warrants expired a few weeks ago and another 4.1M warrants will

[wildbird1]

Thank's Benedictus for the clarification, I appreciate when somebody take the time to read my posts and correct my mistakes. At least now I know were these extra shares came from.