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Titan Medical Inc. TMDI
(Total Views: 818)
Posted On: 06/13/2020 12:05:55 AM
Post# of 59
Posted By: Honeycomb777
As of right now Titan Medical Inc (TMDI) has:

78,831,381 outstanding common shares

Assuming a BO takes place (on or before March 16, 2021) and all warrant tranches up to AND including those $18 CDN factor in (as they obviously would), then add:

2,757,252 + 9M + 6,661,068 + 8,455,882 + 1,009,444 + 1,295,554 + 355,253 + 1,533,333 = 31,067,786 (again $22.50 Cdn and higher were NOT COUNTED)

Stock Options were also reviewed and I included all except the $30 Cdn and higher - that figure totaled 1,235,939

Broker warrant shares are exactly 2,005,496

Add to that HC Wainwright's most recent Placement Warrants of 1,260,000

Grand total of what I/we know TODAY in a BO scenario on or before March 16, 2021 for under $22.50 Cdn or roughly $16.56 US Dollars:

78,831,381 +31,067,786 + 1,235,939 + 2,005,496 + 1,260,000 = 114,400,602

SO, IF Medtronic bought this raise up and owns 27M shares and we finish at 115M at BO then they need to pay Titan on the 88M shares they don't own. That should fetch BIG BUCKS ! Question - might Medtronic have been involved (or an affiliate thereof) in any other of Titan's previous raises ??? Worth askin

** Of Note: 537,570 broker warrants come due in August 2020 at $2.50 US dollars - that means if we can breach that PPS by then...it's another $1.34M flowing INTO Titan's coffers. That is a big deal IMO

Hope this is helpful info













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