Titan Medical Inc (TMDIF)

[Flenderson]

Agreed, need to see where this is priced before anything. Not a fan of the warrants AT ALL. Not sure why they didn't wait a couple more weeks with how the technicals are shaping up. Could have done this around 5-6 with the golden cross. The fact that they mentioned a minimum of 20 mil makes me think they already have the money.

So my best spin in what they are thinking is they get min 20 mil from this raise, they still have around 20 mil in 3.20's available and easily in range, and then another 10-20 in new warrants assuming they are priced favorably. that gives you around 50-60 mil. Plus throw in a few mil here or there with the higher priced warrants (triggered later with DF, etc) and your good through commercialization.

Regardless, this better close asap and not drawn out like last time. Also better be priced reasonably.