Titan Medical Inc (TMDIF)

[Honeycomb777]

I wonder if a sale has already been orchestrated behind the scenes and the SOB's tanked it to award themselves more options in the .50's ? I standby my thinking that this is a done deal somewhere between $3.45 - $3.90 PPS USD !

Zaring will get paid and so will the others and the cash raised from option and warrant exercise will be on the balance sheet which effectively lowers the all-in buyout cost for the acquirer.

34M o/s is really 40.6M o/s when the $3.20's are exercised. THAT brings in ~$21M of cash.

At $3.75 x 40.6M = $152M buyout (less $21M) = Effective cost of ~$131M. That feels about right for hardware and IP/Patents. This raise cannot happen...a big player can't plunk down $25M and gain voting control that way. It cannot happen as the minority portion would be a small fraction of that. Get bidds NOW and sell it


* so frustrated and pi$$ed here...hoping Federico at least does HIS job properly. If people believe this sell it now scenario and average down here, there could be a break even or small profit. Is it worth the risk, though ?