Titan Medical Inc (TMDIF)

[chambers]

See my earlier post to Honeycomb.

Titan re-opened the offering to accommodate some investors and because the price was trading above issue nicely there was lots of demand so the salespeople stupidly let in some hedge guys.

In summary, it was the Canadian hedge guys or sophisticated retail guys selling their shares when the deal re-opened causing it to fall.

The deal was sold in Canada so that’s where the shares came from I assume – Canadian new issue subscribers hedging their position for the warrant.

Again, all my opinion but I am most likely correct as you can see exactly how it played out.