Titan Medical Inc (TMDIF)

[66Mustang]

What Aspire CAN do and what they DO are not always the same thing. Maybe they CAN sell their Titan shares immediately, but they should revise their "About Us" page immediately if they do. It starts with:

"Aspire Capital Fund, LLC is a Chicago-based, long-only investment fund focused on making investments in publicly traded companies through the open market as well as direct investments including private placements, PIPEs, registered directs, and public offerings"

LONG-ONLY investment fund. It's what they do.

BigT, thanks for posting the "About Us" link. For those who ignored it the first time:

https://aspirecapital.com/about.php

Also, in the prospectus...
"in consideration for entering into the Purchase Agreement, 1,777,325 Initial Purchase Shares to Aspire Capital for an aggregate sale price of $3,000,000"

Doing this very simple math, one can see their purchase price is just a fraction of a penny below $1.69/share for the initial purchase. HC, I see where you got your $1.24 figure from, by adding the 643k shares to the purchased shares in order to try to maximize the visual impact and diminish the goodness of this extremely good news, but in fairness, that "fee" of 639K shares needs to be split against all shares in the 30 month agreement, with the very reasonable assumption that it agreement will be maximized. Therefore, from the prospectus...

"Up to 18,349,994 common shares assuming sale of $35,000,000 of common shares at a price of $1.88 per common share"

Add in the fee of 639K shares and it is about 18.989M shares, or still over $1.84 per share (35M divided by 18.989M). With no warrants.

I think we are in pretty good shape here. And Aspire apparently agrees because they are willing to put $35,000,000.00 on the line.