Replies to post #26745 on Titan Medical Inc (TMDIF)

[Honeycomb777]

They get the equivalent of 5.7 million (3.7 + 2)with proceeds from another 4 million shares sold at a later date. Assuming those are sold for a slightly higher price in 2 months or so...we are looking at somewhere between $10 - 10.5 milly US useable dollars from this deal. Not bad but you are right...as I have said all along, warrants need to be exercised and for that to happen PPS has to go UP. That is Mgt's job. Nothing new there

CE mark won't be cheap and general operating costs will shoot to to 3.8 - 4 milly/month soon. This news is not horrible but it's 4 milly shares TIMES the equivalent of approx 93 US cents PLUS a 2 mil upfront payment.