Titan Medical Inc (TMDIF)

[drrc1949]

The warrants are in play as long as the common stock is in play or until their individually stated expiration dates. The value of the warrants hinges on whether the stock price rises above the exercise price (in CDN $) for any given warrant. If the exercise price never exceeds the actual PPS, the intrinsic value of the warrant is $0.00. There is also a time value associated with each warrant that continuously degrades as the date approaches expiration. Not sure whether this is in conflict with your understanding but this is how it works.