Titan Medical Inc (TMDIF)

[Element41]

At glg20; I developed a spreadsheet some years ago that alows me to enter a sp target, volatility variance, interest rate, etc and it automatically calculates the warrant value. Its way too complicated to explain in detail. There is however a similar website that gives you the TMD warrant fair market value. The results vary from mine on some warrants in certain cases, however its a good staring point. If you still don't understand them or feel comfortable, you shouldn't hold them. Just stay with the shares!
http://canadianwarrants.com/values/current.htm#axzz5eZtuJ9Ma
Previous post:
$60 price tag puts the trading warrants all deep in the money. Sport19 says that FDA is 18 months which puts us in the summer of 2020. If thats the case, even the F's will still have about half a year left on them! IMO, this gets taken out before FDA and long before commercialization.
Series F would be $12, the G's $30, the H's $24 and the I's $37.50
These are all trading for under a nickel right now with the exception of the I's.
So I can get 100,000 warrants now for around $5k and have more percentage leverage than owning the shares. Shares go from $5 to $60, thats a multiplier of 12x my money but that same 5 cent warrant is more than 30x with a "conservative" volatility variance percentage of just 50%. An assumption could be made for 75% v.v., but lets stay conservative for argument's sake.
If I invest $5000 in TMD shares I would own 1,000 shares or own 100,000 warrants. At the $60 cash out, you clear $55k (12x) profit holding the shares, BUT the warrants would clear approx. min. 30x or $150K profit! A minimum of 3x the net profit return! Being so deep in the money, the I's would lose some leverage steam compared to the other 3 series. They look good now because they trade with an insurance policy premium built in caused by the shorts, but the 3 other series stand to benefit the most from having the best hedge ratio.