Friday, November 11, 2016 7:48:52 AM
However, on the other hand they raised less money which means two things - they will likely have to do this again AND even when they give away the store and undercut the market at like 30%, they can't garner enough interested investors to get it fully subscribed.
For me, the second point is troubling. The fact that they weren't maxed in the offering means that folks are worried about how this fund-draw relates to the previous one and, now, the impending subsequent one - and whether TLT will ultimately have the money to make it through trials at all. This is quickly becoming for me instead of a LT hold a "sell the pops" play - and that sucks because I really like the tech and promise, but the share structure is quickly becoming less than attractive....
Following the charts is like driving a car forward while looking in the rear view mirror.
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