Titan Medical Inc (TMDIF)

[Honeycomb777]

I have this feeling that it could go down like this folks:

Titan announces a raise of 6.23M shares at $2.10 and 6.23M 3 year warrants attached at $2.40.

They do not announce any partner as some unheard of holding company prolly scoops them up.

Why do I feel it goes down this way Ole HC ? Because it buys them about a month to see how the market reacts.

Perhaps Titan is banking on some 3.20's getting exercised to limit dilution. Then if not, these new warrants surely will by the "holding company" to ensure that $26M (in total) is received.

So follow me - if indeed 6.23M shares get issued x 2.10 = a net of ~$12.2M is received.

31.15 + 6.23 = 37.38M o/s

SO where does the $14M still needed come from ? Well, Titan is prolly hoping some of the $3.20's are exercised. Praying PPS rises and say 600,000 do. 600k x 3.20 = $1.92M of inflow

Need then is about $12M which they would get when ~5.3M of this newest warrant tranche gets exercised at $2.40.

This scenario BUYS them about 2 months but limits dilution as o/s would be ~43M. Kind of puts it back on investors in a way who make up the market.

Brings us to early October when they MUST announce a partner along with rebranding and rely on more of the 3.20's and some of the 4's get exercised. Then they might have to use some more of the shelf then (depends on how excited people get)? I think it goes down like this. It's kind of a middle of the road / luke-warm approach


Risk: Market may beatch slap em and say what is an upfront $12M going to do ? I think this would also guarantee a delay in submission by a few weeks. I just don't think a partner wants to release their name just yet IF there is one ? A wildcard is what our competitors may or may not do ??? GLTA - bored and speculating tonight