Titan Medical Inc (TMDIF)

[Facetrain]

Quick and Dirty impression of these raising "surprises":

# Estimated BO 4 Billion : 100 Mil. shares prior surprises = 40$/share
# Current depot 150.000 shares X 40 $ = 6 Million
# Estimnated BO 4 Billion : 130 Mil shares post surprises = 31$/share
# Exit 150.000 X 31$ = 4,6 Million = 22,5% less

Dilution more than 15% usually requires Share holders approval. Does anyone know whether limits exist and/or how this is actually regulated with titan?
Thanks
Facetrain