Post by
xodcode on Jun 13, 2024 3:05pm
June 21 PP
I would hope that TLT management have a large prospective partner lined up who will sop up any unclaimed shares on June 21. After all, $10 million isn't a large commitment for any large pharma or other whale who believes in the content of the latest news releases . Interesting times ahead to be sure A successful $10 million PP lays the groundwork for future significant TLT price increments.
Comment by
CancerSlayer on Jun 13, 2024 3:32pm
I think a smaller to mid-sized company/player would fit this level of funding. I don't think Big Pharma would have any interest in a partial equity deal of this small magnitude, or of any magnitude for that matter. Whales generally like to swallow their meals whole, not in pieces. JMO.
Comment by
Oilminerdeluxe on Jun 13, 2024 3:37pm
Unless they have a player lined up, there is no reason to expect another outcome compared to the recent raises. With a little luck, it will be enough to get us to BTD, But that appears to easily get kicked further down the road timewise. If not, Q4 could be a doozy. Let's hope for that.
Comment by
DJDawg on Jun 13, 2024 3:47pm
The problem of getting to BTD is that BTD alone won't be enough as people will expect BTD to be followed by PP announcement. Need to get BTD and some other financial information that shows that another PP won't happen instantly. It's a broken trust now. None of us trust them NOT to do a PP every 2 months.
Comment by
xodcode on Jun 13, 2024 3:46pm
Given the difficulty with the recent $1 million PP's, it is difficult to imagine how TLT management plan to raise $10 million at $0.22 unless they already have a commitment, one with strings attached like milestone promises going forward, Kind of a quasi JV commitment! I remain very optimistic especially with the expanded available markets implied by the recent news releases.
Comment by
Lesalpes29 on Jun 13, 2024 4:36pm
And it's a cheap way to get a relatively good chunk of shares at a good price with warrants. We will see.