Titan Medical Inc (TMDIF)

[Rollgard1]

flybabyfly....Ok I'll go further...

Yes, rates are higher now than prior to MDT announcement,WHY? simply because the stock rose on momentum to 1.75 area and any hedgie knew reading the offering that we could not exceed 20% of the offering price of 1.00 by close of offering.

So,it was an easy short and safe if you had the shares to locate when we broke say 1.50 on the rise.Then you waited until it topped and went short.Now I see why the premium to short was high because it was a gift to whoever was short.That is why shorts paid the high price and why the locator got the high percentage paid to them. Everyone won unless you were a crummy day trader and became short term bag holder.

Ps. Tsla charges those high rates often.And shorts pay it.But I assure you short at 1.75 with little room to drop further they are not thinking staying short more then until the end of june.,,,,in my opinion.

I know where you are coming from and you are correct.The high premium charged was a result of the 20% cap at 1.00 that was the driver behind it all. Maybe wainwright had to pay it and went short to make the offering valid and close at 1.20 and that costs was part of his fee.

I don't think competitors went short to crush TMDI> It was just all business and soon everything will rise and short numbers and percentage charges will drop.

Thanks Roll