Replies to post #95677 on Titan Medical Inc (TMDIF)

[Honeycomb777]

Some numbers:

Aspire has/had 2.41M Titan shares (cost basis is/was $1.24 USD)

9.99% = can't own more than 3.11M (need TSX approval over that)

24.99% = can't own more than 7.785M (need formal shareholder vote)

* My assumption is FIFO method, which means first shares received are the first sold. So what happens then when those 2.41M original shares (the $1.24 cost basis shares) are gone/sold ?