Replies to post #95351 on Titan Medical Inc (TMDIF)

[RockoTaco]

And that is the beauty of the deal that Titan just struck for $35M from ASPIRE. They can dictate exactly when they want the funds so when PPS is at $5 in November, Titan can request $5M and only dilute 1M shares, just a fraction of the overall shares outstanding. HH777 is saying 96M shares outstanding and 1M is just over 1%. MINIMUM DILUTION - great deal for Titan Medical.

[elMoose]

I grasp ok. Titan will selling them a lot of shares for cash at 20% discount to current value and that makes a lot of sense. 1.67/2.04 = 81%

The shorts want to steal the market cap instead.