Replies to post #81431 on Titan Medical Inc (TMDIF)

[BigT82]

Yep, I absolutely agree warrants are a great leverage play assuming the buyout comes within their expiration of course. Either way, they are an excellent risk/reward ratio. I would love to see a buyout for $3B+ by mid 2020, however, I’m not sold on it happening that quickly. Either way, I’m locked and loaded with shares and warrants. Let’s go!

Oh, and I’m using USD figures, so $60 is $80 CAD.

[RockoTaco]

SPORT19 knows squat

[never2late]

Great post Element !!

[Mharb46]

stated goal is end of 19. maybe it gets pushed like sport says. i kind of expect to see the company bought out as well as that is McNally's past resume, although i'm kind of curious to what others really think that company may be. years ago i thought it may be JNJ and that is unlikely IMO at this point with the investments JNJ is currently making.

1- who is a likely acquiring entity (purley speculation, but realistic thoughts - definitely dont see it being conmed, sorry ad)

2- what are the chances they do go it alone and what are the risks for a warrant holder if they do? doesn't seem like it really changes that much. in my mind, if they are going it alone, 2020 they should be selling devices. if they are selling, pps is going to shoot at the current O/S levels. you only buy if the shares are near the warrant price and at that point, you gotta continue to believe share price is going to rise over time.

3- hard to not get stupid thinking about what pps would be if they go it alone, even with knowledge they would need to have a large capital raise/take on debt to get to sales/revenue

[bkk2015]

Element I hope this won't seem like a dumb question, but here goes ... I have appreciated your comments and agree that the warrants look like a good way to play the prospect of a big rise in Titan's share price, but I am confused as to how you calculate the potential gain. If (as you suggest in your example) you held 100,000 "I" warrants and the share price went to $60, wouldn't your profit be much more than the 150K you suggest? While I recognize that you are being conservative in your estimate, I don't see why the profit wouldn't in fact be in the millions, since each warrant should be worth something close to the $37.50 by which the share price exceeds the exercise price. (For example, if the share price was at $60 and the "I" warrant price was at "only" $30, any investor could still buy the warrant, exercise it for another $22.50, then immediately sell the stock for a gain of $7.50 per share.) What am I missing?? Thanks in advance for your thoughts!