Titan Medical Inc (TMDIF)

[Honeycomb777]

I can't help but think that the longer Titan stays below $3 the more of a disservice they do to THEMSELVES. We know now from the last MD&A that their cash burn rate is 1.3 mil/month and will probably increase in the months ahead and their cash on hand is $36.5 mil as of 9/30/14.

With the increased estimated costs (of now $44 mil) to bring her to commercialization, it is clear Mgt. would really benefit from cash inflows via warrant exercise and I'd rather have that type of dilution then another round of "pure" financing. Thus, it would behoove them to get PPS up and sustained to over $3 so more folks would have the option and ability to exercise the warrants. We are absolutely golden if we can get around 60% of issued warrants exercised. The sooner the better as interest income would be the icing on the cake and only grow.

* Hence, my stance is the same - they must (going forward) change their ways and stop the silent treatment and support their PPS. This should be a top priority in 2015 and beyond IMO !

Nobody is going to even think about warrant exercise currently except for a handful of C holders.