Titan Medical Inc (TMDIF)

[jetuomi]

So warrants are being exercised.

Taken from the financial statements of Q2 and Q3 (sedar.com)
As of Q3, Warrants exercised = 7,191,936
As of Q2, Warrants exercised = 5,627,273

I see this as a spread of 1,564,663 between June 30 and Sept 30 that were exercised. Not sure how many more were exercised in Oct and 1/2 Nov before the stock drop. But with warrants starting to expire next year, we'll get another $5MM almost guaranteed as these warrants were given for free, and the stock should not be under $1.25.

Also something the financials showed is a lower cash burn rate than expected.

Thoughts?