Well Bliss, if TM goes back to the usual PP route to raise $ with same old crowd to raise funds its signals  imo we are not ready for prime time in terms of attracting larger US players tied to the Nasdaq and the wait becomes longer. There will be a seasoning period after the AGM before we see strong sp pushing news. Thats how it works with small caps PP if this were to happen. I really hope there are better plans in the works acknowledging company likely needs enhanced cash runway into 2024 and thay may have no choice short term.

If they go this PP route they may argue its not overly dilutive as the unexercised debenture warrants from the larger May and June tranches were already accounted for in the companys plans. The only fly in the oitnment is that there are smaller tranches to come up to Sept on the debenture warrants so not sure how this could play out. 

In any case pure speculation on my part which should be allowed on this board with no personal communication with warrant holders. Likely many here thinking the same given the uncertainty and odd quick decline in share price past few days. There was an accellerated pace in volume late afternoon yesterday raising spectre of a financing coming as word leaked out. Any financing would have a pre determined price set to avoid shenaginans we saw in 2016. 

Finally any further decline should require company to says something given 20% or so percentage drop in the last week on no news and today already down 2%. I am really ticked off by this sell off but it wont break my spirit.