Titan Medical Inc (TMDIF)

[66Mustang]

Trading volume is trading volume. Obviously. I think the question of the day for Tuesday is who was buying, especially 100,000 share blocks per order? That is not typical retail trading, especially for a stock with recent historical daily volumes only in the high five digit range. I suspect we had some commercial entities engaged that day.

That being said, if some warrants were exercised, it could take several days before the reporting cycle catches up, and if said commercial entities caught wind of the warrants being exercised, they might have figured they need to jump in with both feet. Just a hypothesis, maybe low in probability but nobody yet has offered a solid explanation of that volume or the spike to $3.48 (over 75% jump in an hour or so!).

It would be nice to hear some other rational hypotheses, maybe even something that could be replicated! And it would certainly be more welcomed than the quality of recent "information" shared here.



Message in reply to:

The volume was TRADING volume. Period. Couldn’t be warrants or private placement. Just trades.
I’m shocked that you would think warrants would be included in volume....just no understanding of how things work.


Message in reply to:
It could be that warrants were exercised based off milestone achievement of engineering confidence build.