Titan Medical Inc (TMDIF)

[chambers]

I will try to look at this board again Monday evening but I feel compelled to respond before I sign off.

In my experience the price is being held down right now only for a very short period of time more. In fact it looks like this will probably begin to start rising again tomorrow.

Usually when such an issue comes out similar to Titan where there is a share and a warrant or a half warrant, the hedge funds sell the shares short driving the price down (hence you see where it is today) and they cover their short with the new issue shares from the financing and they get left with a warrant or a half warrant for free.

We saw Titan trade on Friday approximately 3.5 million shares which is half the size of the financing and it traded up to the price of the financing as well. This is extremely positive as the short sellers were covering or there are not many of them out there.

This means one thing and that is the price is going to increase as there is not much resistance. Normally the price would drop by something like $0.10 to $0.20 which is the approximate value of the warrant however this did not happen Friday.