Theralase Technologies Inc. V.TLT

And it happened...

[DJDawg]

Just got the company mail out.

They are doing the PP that we all predicted.

The good news (sort of) is that they  are going for price of 0.22 and not 0.18.

My prediction is that the price will crash to around 0.19 because of this. Always does.

[Legit62]

lets see what cash this brings in as we become way more derisked with all thats in the news lately

[DJDawg]

The newsletter email said that they are aiming for 10m raise. In my mind, they are delusional that can get that much. OR Have enough signals from other investors and big wallet people that they know it may work this time. thoughts?

[Oilminerdeluxe]

If I am not mistaken, the previous raises have aimed for 5 million and they got like 1m or something like that. If they were to actually get 10m this time, I will sell a kidney and move it into TLT because that would mean they have money to play with finally. I am however quite convinced they won't get that amount. But as long as they have enough to last them to BTD, it's all good. Unless

[riverrrow]

LOL.  They couldn't raise a million in April at 18 cents a unit.  What makes them think they can raise $10 million at 22 cents?  Four spectacular news releases and the bid is 19.5 cents.  

[DJDawg]

I know. So delusional? Or they know something? RDW didn't buy last time for the first time. I really hope that was because more was happening behind the scenes but maybe I'm the one that is delusional :)

[plantrader]

How would anyone know what to expect anymore? Didn't Dr Mandel say in some interview in late 2022 that they expect to apply for BTD in Jan 2023? That was 1.5 years ago, good grief. Did they not consult in advance, they had no idea what was required or how the process works? Then again, I'm sure they were juggling a thousand things at the same time perpetually. Small, low on funds minimally

[CancerSlayer]

"I'm sure they were juggling a thousand things at the same time perpetually. Small, low on funds minimally staffed company and all." Those are good reasons...The FDA's request for central path lab review was probably the biggest hiccup...not sure when it first knowingly became one.  Maybe someone else does....

[Lesalpes29]

Again what some expected... an other PP. Trying to stay positive but not easy. Tought the timing was good for something else...

[Gooseybear]

The FDA was spending time with their cronies in big pharma to perpetuate Covid vaccines.

[thadeush]

Spectacular for us, not the market. All of the recent volume is current shareholders (with some dry powder) anticipating a run - no new investors. When TLT sees multi-million share volume, or a series of million-share days, that's when we can raise an eyebrow from behind our coffee - not before. (more than happy to be proven wrong) 

[riverrrow]

If TLT seriously thinks they can raise $10 million right now than they clearly believe the Aug. 2024 warrants are going to expire out of the money.

[menoalittle]

If by some chance they happen to fill it with only one or two placees, perhaps you (and the rest of the market) will be singing a very different tune.   I'd expect a rather quick and sharp move upwards if that were to happen... But, what do I know. Maybe nothing.

[plantrader]

So much for all the recent talk and feelings, years of experience, that things are different right now and something else is going to happen? Someday a positive feeling and prediction will come true. 

[menoalittle]

It's still very early innings happening here...

[plantrader]

Yes. If we say that continually, then hopefully eventually something happens that makes it true. All we can do is hope anyway, in reality.

[Alamir1111]

10 million $raise is that about 60 mil share dilution?

[menoalittle]

No, about 45 million (plus warrants.)

[Donein25]

thats 90 million extra shares to dilute our investments. And they could have issued debt instead with ZERO dilution. Thanks Roger

[plantrader]

So, an additional 27% dilution from 334M fully diluted up to 424M. For $10M, and how long will that last? 6 months? I suppose beggars can't be choosers, since as far as we know they aren't exactly operating from a position of strength lately.

[plantrader]

That would take the PPS at $1B market cap down from around $3/share to $2.40/share I believe. That hurts.