Titan Medical Inc (TMDIF)

[RockoTaco]

Obviously the raise wasn't factored in b/c before the raise TMDI was trading around $1.60 and now it is trading at $1.72 - in fact the raise helped "raise" the PPS.

Investor owns 30k shares
Medtronic buys Titan for $5.8B - that investor makes $1,441,000

RS of 3-1 happens, Investor now owns 10k shares.
Medtronic buys Titan for $5.8B, that investor makes $1,441,000

ALL THAT MATTERS IS WHAT MEDTRONIC IS WILLING TO PAY FOR TITAN MEDICAL AND ALL THEIR TECHNOLOGY. Minimum equivalent is Auris valuation $5.2B.