This is what I think, posted yesterday:
I previously thought we should have a current value of approximately $250-$300M based on the many reasons I’ve posted here in previous posts. However, now with the Auris comp, I think our value should increase exponentially.
If you bring in all of the warrant money from $3.20- $9.05 USD, that brings in just shy of $40M, call it $37.5M USD now that a few of the $3.20 warrants have been exercised. It would also take us to an approximate 32M fully diluted shares OS.
So, a fair current valuation, based on a multitude of factors, IMO, should be in excess of $500M, minimum!
At 32M shares OS and a $500M market cap, that equates to a share price of $15.63!
Now, once you hit this level, there is about $21M USD of warrant money sitting at $13.58 USD exercise price.
Add up those dollars and you’re looking at about $60M USD that’s about to flow into Titan’s account this year, IMO!
Raise!? What stinkin raise!?
Keep the above info close and handy, as I believe all of this “hypothetical” scenario is going to play out over the coming months of 2019, IMO!!