Titan Medical Inc (TMDIF)

[Honeycomb777]

My Expectation of the next 6 months:

1) More silence until another financing hits in the summer

2) Calling for 17 million shares at 1.30 = proceeds of $22 mil

3) At that time we will have approx. 104 mil o/s plus another 17 which brings us to 121 mil

4) That dilution would bring us down about 16% in PPS

5) Assuming a PPS of around 1.40 before the financing news...new PPS will be around $1.18 (probably bounces off the support at 1.14)


** So, if you like the stock and believe no more tangible news until Nov/Dec timeframe, why not sell and buy back lower ? After another round of milestone news in Dec - we should never need another round of financing again. HOPEFULLY - no more surprise delays !!!