Good thing the current CEO of TLYN won't go near this kind of funding, and will do anything to avoid getting mixed up with their ilk.
The best thing that ever happened to TLYN was the day management realized that PIPES were only a method to prey on weak companies and drive them out of business while making millions on their stock on the way down. Convertible debentures bloom exponentially as these stocks sink and offshore shorting kicks in to guarantee the scheme will work.
An industry wide cancer. TLYN wasn't the first. The lure of financing thru so-called professionals who are nothing more than loan sharks proves to be almost always fatal.
That was a long time ago. Most, if not all, of the residue of those sorry times has been cleaned up.