Titan Medical Inc (TMDIF)

[investinthefuture]

EDGAR Online updated Titan's financials yesterday. I'd seen them before, but I was taking another look and noticed something that I hadn't thought of before:

http://finance.yahoo.com/q/is?s=titxf

If you look at Q4 2014 on their income statement, they stayed in the black even with the bad news in mid November. The share price had been above $2/share until the news, and it looks like this resulted in $4.5M in income through warrant redemption (or if it came from some place else that I'm not thinking of, please correct me!)

If that's the case, then it changes my investment thesis a bit. If whatever they have to say on Tuesday manages to eeek out .60 more on the PPS over the next few weeks, then this past behavior leads me to believe that steady warrant redemption will be enough to fund Titan through commercialization, which will also allow the resulting dilution to happen more gradually (vs happening all at once with another round of financing). Of course, that is only if they give us some really great news next week.