Titan Medical Inc (TMDIF)

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Imagine your short TMDI, shares get halted pending a buyout price target and when they reinstate for trading, you have to race like a mad fool to cover that position before you face massive losses. Because we all know that the price could be in the billion$, a shorter will not want to expose himself to those massive losses. The 3 series warrants allows him to either cover by converting the warrants to shares or cash in on the massive percentage gains on the warrants which will dramatically reduce his total losses when he buys in at a much higher price.