Titan Medical Inc (TMDIF)

[66Mustang]

I think some situational awareness should be applied to exercising warrants. Normally, I would personally tend to wait as long as possible to exercise warrants (if I had any!) to ensure more risk has passed and everything is further in the clear. Also, if I delayed exercising the warrants, I could use that capital to try to garner more profits elsewhere in the meantime. However (this is where situational awareness comes into play) I would also realize that with Titan, exercising the warrants sooner would actually help to alleviate the risks by providing more funding to the program when they need it most. For that reason, the safest play for warrant holders may actually be to exercise them early (like now) to lower the risk, which will also allow the PPS to rise organically sooner and further reduce subsequent risks. Risk reduction is good for any investor including warrant holders.

If you hold warrants, now may be the best time to exercise them merely to reduce risks down the road. We got a nice bump in PPS from a dozen surgeons banding together to put up $2M. Image the run we would get if warrant holders came through with another $12M on top of that! They would see immediate gains beyond what they imagined!