Theralase Technologies Inc. V.TLT

warrants

[DJDawg]

Just a friendly reminder that in 2 weeks a massive 57.5 million chunk of warrants expire. That is equal to about 25% of the total float. That is a big lump of shares.

I feel that that change in share dilution risk has to matter in some way. Makes for an interesting question as to what Sept will look like with the trading.

[chry200030]

That's too bad. It means we could be seeng more cheap PP's ahead...

[N0taP00p]

Glass Half Full: Less risk of dilution through conversion, low share count attractive for a future acquisition, etc Glass Half Empty:  Harder to get funding via PP since no one's made money on warrants for as long as I can remember.  Personally, I'm ok with the warrants expiring and BTD news coming after the expiration.  Purely selfish perspective.  If I'm RDW

[riverrrow]

Apparently the last day to instruct TD that you want to exercise your tradeable TLT warrants was yesterday.  The CRA (and their Uber boss) are going to be very disappointed in my 2024 tax return.  No capital gains tax!

[DJDawg]

Interesting. Thanks for sharing

[DJDawg]

Questrade says warrants can be exercised with 72hrs notice. So if the warrants are end of August then would that not make Aug 27 the last day. Just curious?

[chry200030]

Aug 22 expiry., based on the info in T.D Waterhouse.

[StevenBirch]

I would be surprised if the warrants can't be exercised any time up to and including Aug 22. If a particular broker puts an earlier deadline I don't know anything about that but that was never normal practice.