Titan Medical Inc (TMDIF)

[66Mustang]

What exactly is an automated pre-scheduled sell? Why would anyone in their right mind pick a date some random time in the future and say, "Gee, I think I'll sell a few hundred thousand shares of my stock automatically on that day regardless of what the company or stock price are doing."

Is there some sort of a warrant option he got caught up in, maybe when he bought the warrants or shares there was a clause in the contract saying he had to sell by some certain date or event? It makes no sense other than two possibilities: 1,The seller really really random and illogical, or 2, He is smart enough to have gotten himself in over his head on a failing company and figured he had better put a couple million $$ more in his pocket before it all goes away. I don't see him as being quite that random.

Honestly, I (and I'm sure MANY others) would love to hear how this pre-scheduled automatic sale works and how he got caught up in it at such an inopportune time for his company. A solid, viable explanation could actually help them out tremendously. And I for one would like to see them survive and sell a few units; I think that having them out there with fielded Senhance systems will make SPORT look that much nicer by comparison.