Titan Medical Inc (TMDIF)

[66Mustang]

Yesterday was a very heavy volume day. So you are saying that normally, based on a longer-term average of 100K shares per day, they can sell 20% of that volume, or 20K shares per day. To sell the 2.45M shares plus the additional 20M shares at 20K shares per day would take about 1122 trading days, somewhere around 5 or 6 years.


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funds liks Aspire usually sell 20% of the daily volume through vwap on a daily basis. Yesterday it traded 250k shares hence the 50k estimate.