Replies to post #90763 on Titan Medical Inc (TMDIF)

[SPORT19]

A shares for shares transaction could be beneficial for those who didn’t make an election because of PFIC status....
...just a guess...

[Honeycomb777]

It’s actually 31.2m o/s BUT in a buyout assuming at least $49 per share ALL outstanding warrants would factor in and those are 21.3m. Then you must factor in stock options and brokered warrants my mang. Safe to say/use 55m o/s. That is WHY we don’t want another traditional fund raise with warrants for the $35m of cash still needed. That would push it up against 80m o/s and a 1-2 reverse split could come up for discussion. They will partner up - I am 77% sure of it