Titan Medical Inc (TMDIF)

[pfeiffer501ewl]

All about warrants

Titan Medical offers 4 classes of warrants, these entitle the holder to buy the stock for a set price ( between 1.25 and 2.00 canadian ) for a set amount of time. These enable the buyer to have more leverage, since there is a much lower upfront cost compared to the common stock. Warrants can be bought easily through scottrade, but are not available online, you will need to call your local branch to place the trade. I believe most other brokerage firms in the United States are similar, if not just open a Scottrade account.

TMD.WT expires December 2015. It has a strike price of 1.85 and as of 2/03/14 was trading for under .16 usd per share.

TMD.WT.A expires June 2016 with a strike price of 2.00 Canadian. It has recently been trading for around .25 USD

TMD.WT.B expires December 2016, with a strike price of 1.75. They have been trading for around .40 per share.

TMD.WT.C does not expire until March 2018 with a strike price of only 1.25, it has been trading for .66.

Remember that although the warrants give great leverage, resulting in much greater profits if the stock just rises a couple dollars from here as opposed to what you could have in the common stock, if they are not in the money at the expiration date, or if you fail to exercise or sell them, you will lose the entire investment. Also they are traded much less often than the common stock, making them more illiquid and harder to get rid of quickly for a fair price.
the following link is what i use to check up on the bid/ask and recent trades for warrants.
http://www.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=SecuritySummary&SECURITY_ID=222333&MARKET_ID=CDNX&SEC_SYM_SID=1&HC_FLAG1=checked&HC_FLAG2=
Just enter which warrant you want more info about in the search.