Titan Medical Inc (TMDIF)

[pointofreturn]

Wow. What terrific volume.

I have heard that there is about 500,000 shares shorted that are uncovered right now. This is probably part of the 2.2 million reported as of the 15th of March.

This means one of two things or a mixture of both:

Firstly, there is simple naked shorting going. This will be good as they have to cover some time unless the shorters have virtual unlimited funds and continue to short.

Secondly, much of the shorting is actually covered shorts through the warrants. This means that people have been shorting the shares and exercising their warrants to cover the short position. This is my understanding of what most if not all of the 500,000 shorts I referred to above are.

So how does this affect us longs? Well it does not really affect us other than we now have a clear understanding of where much of the selling is coming from. This is positive as more shares are hitting the market and frankly getting eaten up very cheaply in my opinion (I think we all agree this stock should be at least $5) but it also means that the company is receiving the funds into their treasury.

In summary, this is very positive.

We will have to wait a quarter or two to compare the proper increase in the share float now as well but I am certain that post the recent financing you will see an increase in the shares outstanding somewhere in the range of 500,000 to 1 million shares.

All the best and stay long as this is going higher