Titan Medical Inc (TMDIF)

[investinthefuture]

Two steps: exercise above the strike, then sell received common share. If I have 10,000 1.25 warrants, I can exercise for 12,500. If the current PPS is then $2.50, I can sell my shares for 25,000 and immediately profit 25,000-12,500=12,500.

My thesis is that warrant holders will want to make hay of the warrants their holding soon after they're in the money. They won't sit on them...