Titan Medical Inc (TMDIF)

[66Mustang]

Those scenarios certainly do exist hypothetically!

I think the only real driving force behind split ratio selection is to ensure the end PPS is sufficient for the uplisting with a bit of a buffer to cover any price fluctuations. I don't have any specific preference for a higher or lower ratio because the math will still work out the same; I will own a certain percentage of the market cap value.

The game here will be minimizing dilution, which cuts our percentages down. I wish I could personally do something about that. I do wonder if they could have priced the offering a couple cents higher; two cents more per share would mean 18% less dilution to raise the same funds, and we were around .16 or so when the announcement came out. It could have possibly served to stabilize the PPS around .13 instead of around .11 for the near term. But then again, I also did take advantage of this buy opportunity; I got more at .1122 so I can't complain. And management may have needed to pick a price which assures they successfully raise the money they need. Must have been yet another tough decision!