Titan Medical Inc (TMDIF)

[chambers]

I am referring to Canadian hedge funds.

They will take down the new issue which does not close until the 19th and begin shorting the number of shares they were given to only be covered by their newly issued financing allocation. This leaves them with a warrant for free,

The good news is that there are not many hedge funds in last weeks financing. I am less familiar with the US rules but there are no US participants in last weeks financing anyway so you may very well be correct. My example is Titan specific.

You also mentioned the stock didn't take a .10 or .20 decline Friday- your right, it took a decline of .28 or almost 20%...You care to elaborate on your point further, maybe I just got lost there.

Regarding this question, it might have been my mistake for not clearly elaborating. The $0.10 or $0.20 decline I was referring to was $0.10 or $0.20 below the financing price of $1.40.

I fully expected the share price to drop for a day or so to the $1.40 range and then bounce but often you will see it drop a little more to something like the $0.10 or $0.20 I referred to.

The way the stock is behaving is showing its strength and how it's going to go higher in my opinion.

If you don't have any shares this financing gave you the opportunity to step in again at a lower level because when the deal closes on the 19th there is nothing holding the share price back any more.

I hope this helps.