Titan Medical Inc (TMDIF)

[jetuomi]

Guys guys - relax a bit.. Overnights are the best type of visit to the shelf. We'll be down hard tomorrow am and moving back up aft lunch time and over the next little while heading into Sages.

In an overnight offering, a company with an effective shelf registration statement sells its securities overnight after the market has closed for the day with the plan to publicly announce the completed offering and file a supplement with the SEC, describing the overnight offering, early the next day.

Why would a company restrict its offering to one night?

Doing an overnight offering reduces the offering company’s risk that Wall Street will short a company’s stock depressing the stock price. Investors in an overnight offering agree to buy securities based on market price levels before the rest of Wall Street learns of the offering.

A disadvantage of an overnight offering is that the sales effort is generally highly limited, focused on current investors in the company’s stock because there is little time for marketing to new investors.

http://capitalmarketalerts.com/equity-series/overnight-offerings/