Titan Medical Inc (TMDIF)

[chillout]

SOmething will have to happen in the Fourth quarter based on their dollars on hand. Some news and investors to catapult this so that warrants are exercised or using the recent shelf financing.
If the latter occurs, I believe very little dilution will take place as the warrants expire. Right now, you have to assume that warrants will exercise and it would be prudent to use those numbers trying to figure out future valuations. If they expire, you have to figure in the shelf financing which would offset the expiring warrants. Either way, I believe that when this thing hits full stride, you are looking at 140-150 million outstanding shares. Using a similar multiple of ISRG (7 or slightly higher) you could plug in a revenue number and multiply.
Example: 200 million x 7 equals 1.4 billion, or about 10 dollars a share.
You can do the rest of the math on your own to figure out possible scenarios.
ISRG does somewhere around 2.3 or 2.5 billion a year. Don't recall exactly.
With a growing market and potentially taking market share, Titan is well positioned to exceed my simple math stated above.
Hope that helps.