Theralase Technologies Inc. V.TLT

warrants Aug 22

[DJDawg]

Found this on stockwatch

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Theralase Technologies warrants to expire Aug. 22

2024-08-14 18:06 ET - Warrants Expire

Effective at the opening, Aug. 22, 2024, the share purchase warrants of the company will trade for cash on a same-day settlement. The warrants will expire Aug. 22, 2024, and will therefore be halted at 12 p.m. ET and delisted at the close of business on Aug. 22, 2024.

Trade and settlement dates:  trades on Aug. 22, 2024, to settle Aug. 22, 2024

The above is in compliance with trading Rule C.2.18, Expiry Date. Trading in the warrants shall be for cash same-day settlement on the expiry date. On the expiry date, trading shall cease at 12 p.m. ET and no transactions shall take place thereafter except with permission of the exchange.

[Lesalpes29]

Reculer pour mieux sauter! I hope, a lost of 4k$ on my side. GL

[3Crows]

On espre.

[3Crows]

On espre. (Can't edit posts.)

[3Crows]

Sorry, everyone. Please ignore. Clearly this board can not write in French or use accents. I was trying to respond to Lesalpes29 by saying, "We can hope".

[steamfitter]

Warrents  were they the ones that could be extended for a further two years 

[DJDawg]

Several people have said that tradeable warrants in this situation cannot be extended. When I looked up the real issue seems to be that no warrants can be extended past 5 yrs. so when other ones are extended is is because they are 2 yr warrants from some of the private placements. Those can be bumped but never past 5 yrs. So not sure about status of warrant expiring in Sept in terms of the 5 yr

[Mikee3003]

Dawg - your theory on the warrants is certainly plausible. Could make for an interesting September? GLTA Mikee

[Alamir1111]

Sept 2022 they issued 10.000.000 units at .25c. Exercisable at.35c

[N0taP00p]

My gut says they will have some kind of announcement around pre-BTD and/or another form of debt financing on the 21st, as a last ditch attempt to get some of those warrants exercised.  Very long shot. Bonus marks if they say pre-BTD has been accepted.  There will be a lot of unhappy investors on the 22nd if they expire worthless. 

[BlueFranky]

DJDawg... I've been pondering on that same theory  ... Wondering which would be worse for the new investor(s) with 10 million to spend:  A) Looking at the delution created by 60 million warrants being exercised?  .. or gaining in the long term benefit those 20 million exercised warrants would have brought to the coffers, no doubt resulting in being the catalyst for future

[BlueFranky]

Geez I wish you could edit here! My last paragraph should read:  "or gaining by the 20 million, those exercised warrants would have brought to the coffers, no doubt resulting in being a rather immediate catalyst for future trials, among other things ..we'll find out soon enough"

[DJDawg]

Agreed. We will find out soon enough. By mid Sept is my guess. IF the second tranche is exercized at 5m or more then the price would shoot up as no more PPs every 2months. I really believe that creates a huge weight on the share price as you can see the big share dumps whenever a PP is "suspected" and even more when "confirmed".

[enriquesuave]

Having the warrants excercised would be more beneficial, as it would bring in 20$ Million in cash at 35 cents and not 22 or 18 cents a share.  But if they don't get excercised then $5 million from one big investor would definitely also be welcome.  Cash from whatever source will allow the company to proceed on multiple fronts.  

[2b7f6fab]

I tend to agree with your theory about waiting for the warrants to expire this week before any large investors want in. I believe there is interest in Theralase from large investors.  However considering the small market cap I don't think mgmt wants to lose control of the company.  $5 million investment at 20 cents is 25 million shares.  Much more than insiders have right now.&

[DJDawg]

If a large investor went in for 5m they would be a big shareholder but not a majority holder so not sure if RDW could lose the company control that easily. Seems like if you want the cash you need to give up something?

[riverrrow]

Waiting to fill a second tranche until after the tradeable warrants expire is not a nice way to treat the little guys supporting TLT.  I'm holding over a million warrants at over 10 cents a warrant average cost.  Five years ago the leverage the warrants provided on the blue sky potential of Ruvidar was astronomical.  

[DJDawg]

I doubt that is what RDW ever wanted. Getting 0.35 a warrant is better but if there is a new arrival investor out there it would be the smart thing to to do for them. Wait out the warrant expiration.

[2b7f6fab]

I seriously doubt RW is waiting for the warrants to expire before filling a second tranche.  More likely if there is some big money interests they are the ones dictating the terms of when they will offer the money.  Naturally they would want to wait till after the warrants expire. I understand it is discouraging that the warrant holders lose an opportunity but the timing of btd isn't

[CAinPlap]

If there is a $10 million minimum investment entity considering TLT, they will not fill a 2nd tranch of the last PP. They would force TLT into a new PP at better terms. Last PP was overpriced IMO.