Titan Medical Inc (TMDIF)

[bkk2015]

Further to the issue of the warrants' profit potential, in the fall of 2016 Titan issued just over 19 million "I" warrants with a strike price of $0.75. The most recent warrant schedule shows there are now approximately 636,000 "I" warrants outstanding (19,000,000 divided by 30), with a strike price of $22.50 ($0.75 x 30). As such, hasn't the 30-1 consolidation already been adjusted/accounted for? And if so, why would any further adjustment be required if and when those warrants were ever exercised?