Replies to post #21961 on Titan Medical Inc (TMDIF)

[cptjsd]

Ok. Cool. Thanks for the info. Please post if you get any more info from Fidelity.

[Endofanera]

Warrant Update for Schwab and Fidelity.

Schwab remains the same as I previously posted. International trading for the warrant symbols will need to be added to your account and enabled on the back end. Warrants can be bought and sold but you must call and place the orders through a representative. Warrants can be exercised to receive shares, but they will hold the U.S. Restriction. Schwab is unable to remove this and doesn't have any further information regarding that restriction.

Received updated info from Fidelity. Very similar to Schwab as you must have international trading enabled on your end and the broker's end to trade these symbols. However, warrants can be bought/sold electronically and does not require verbal trade. Exercising warrants to purchase shares will need to be done verbally with a representative. Respective shares will hold the U.S. Restriction and there is no further information on removing this restriction. Fidelity recommended contacting the issuing company regarding restriction.

In my case Fidelity trade costs were ~30% cheaper than Schwab. Of course this can vary person-to-person. Having the ability to trade electronically is also a benefit of Fidelity of Schwab.

Both companies still do not have a solid answer regarding U.S. Restriction. This definitely concerns me as I'd like to have the option to exercise the warrants and be able to freely trade the shares. Does anyone have further info around this?