Titan Medical Inc (TMDIF)

[Honeycomb777]

If this raise somehow garners interest and closes (I have my doubts)...I would vote for #3 as we would be looking at another reverse split soon IMO. You would be looking at North of 92M o/s with over 82M outstanding warrants PLUS stock options.

My best guess (and again I have no idea what Aspire has been doing over the past 3 weeks) but we were at 33.6M o/s and that included the initial shares from the Aspire deal. (31.15 + 2.42M)

So, it makes NO SENSE to even attempt a raise in which 60M or more shares AND warrants would be issued. I do NOT WANT THAT.

They need to simply sell or partner up and make the best deal possible for the shareholders. If it is a buyout for anything between 3.21 - 3.99, then the only warrants that come into play are the 6.6M outstanding $3.20's.

So, again, assuming a deal gets done for $3.50, then 33.6M + 6.6M = 40.2M x $3.50 = $140.7M (and Titan takes HALF of warrant exercise inflow to pay vendors) - so the acquirer gets the other say $9M of cash on balance sheet, which effectively makes the buyout outlay ~$131M in this example ! Obviously it won't go for over $4 because then another 8.5M warrants would be exercised.

Surely, some options are being awarded to Mgt by Mgt now in the 50 cent range...plus they would get some of those 3.40's in the money, ones that they repriced. To me - they will want to at least get $3.45 for it. Maybe Zaring knows that it is at least that and his 470k options would be in the money by at least $1.25. Some real nice coin for 6-7 months of "work" from home, huh ? (plus he will get more if awarded some in the .50's) Again - just me speculating but it does make sense to me