Titan Medical Inc (TMDIF)

[Noemotionseller]

Your 56 million needed also assumes it will all be raised with NEW stock raises... But yet you count the warrants in all of your future evaluations. We all know that warrants can not be relied upon, but the HAVE been cashed in and as we get close to FDA/design freeze... PPS will climb and warrants will be exercised... The total amount of SHARES after all said and done will be WAY lower than your predictions and higher than they are now... Pre FDA, this has a possible evaluation of 1-2 Billion... With that, there will be a PPS that will NOT include all warrants exercised. If a buyout... yes, all warrants have to be considered, but a 50% premium is typically added to the current value. AND with that, there will NOT be a dilution raise, therefore less SHARES O than your prediction. If after FDA approval, than the PPS shoots the the moon and warrants will be exercised for sure which will infuse huge money....less needed raise and new shares and a buyout price of no less than 5 Billion.

My prediction....

Pre FDA. SHARES OUTSTANDING with warrants/raises... 45 million
post FDA. 55 million

That is pre FDA PPS of 40 with a BO of 1.8 Billion
Post FDA of PPS of 101 with a BO of 5.6 Billion

My 2 cents