Titan Medical Inc (TMDIF)

[BigT82]

But he is not selling shares. So the warrant is not that much of a sweetener to insiders. It’s nice, but it’s not like he is selling the shares he bought and holding onto the warrants “hoping” the share price will be above those one day so he can make money. He is saying, I want to buy $12K worth of my company’s stock because I think it is severely undervalued and will be worth a lot more eventually. Insiders aren’t selling and almost 100% likely won’t ever, until we get acquired. So he is saying he is happy tying up another $12k (he already has a decent position for his salary) for several years. This is a major boost of confidence for shareholders. Perhaps one day David will do the same, but he has 8M reasons to get this puppy to the finish line. Pretty sure that is very motivating, besides the other non-financial (game changing tech in the OR) and future financial (another CEO position once he sells Titan) motives.

And anyone can buy warrants if / when they are listed. I have called my Fidelity broker, they transfer me to the international team and I can buy / sell the listed warrants. If your broker won’t let you, then you need another broker, or more money... Its an easy way to leverage your position here, should one choose to do so....