Titan Medical Inc (TMDIF)

[Honeycomb777]

Now this theory is way out there...I will give ya that but what IF Medtronic used someone to buy up the fundraise with the $4 warrants?

In other words they used someone as a front but actually paid for it.

Let's think...they acquired shares at $3.40 and warrants at $4. So what IF THIS WAS A CASE ? How much would an acquisition really cost them ?


34M o/s + 6.6M of the $3.20's plus 8.5M of the $4's. Call it 50M o/s. I think we all agree we would be close to that number.

So, a deal done at $4.02 USD = $201M outlay but let's stop right there.

$55M would flow in so effectively, it's ~$145M because of the cash on the balance sheet. But, they would own 8.5M shares at a profit of 62 cents AND 8.5M warrants at a profit of 2 cents.

Isn't it interesting that Mgt picked $3.40 to also reprice their options at? A big fundraise closes at $3.40 and a option reprice at $3.40. HHMMMMMM

8.5M x .64 cent profit = $5.44M so effectively, they could sell shares and apply the immediate profits to the acquisition cost which then would be just under $140M.