Titan Medical Inc (TMD)

[BIGKAHUNA57]

Don't think this is a reorg. Building. In-house wisdom.

Learning as you go is called "hands-on experience." Experience is expensive and painful. Wisdom is less expensive with less risk of future self-inflicted pain.

I don't think Shore and/or Brar are out. Titan is too thin intellectually to just let them go. JMO. Agian, IMO - McNally has the knowledge to determine that Ximedica and/or Plexus are designing and building SPORT. Titan provided enough of the blueprint and direction about the design elements. I think Dr. Fowler (with the SAB) was the author of most of that. This new position brings "handling the reigns/management of product creation/development/production "direction" back in-house. If my guess is correct Brar and Shore have done thankless work to support Titan prior to McNally's arrival. McNally is putting wisdom, where hands-on experience has been. It's both mentor and executive, to get them to the next level in their careers, and SPORT in production. My point - SPORT is either done or very close to design freeze.

Titan needed to buy wisdom from outside sources to strengthen the breadth and depth of their internal executive resources. This position could easily be the No. 2 spot below the company president. No product - no sales. (IMO) Shore accepted responsibilities when Dr. Fowler left. Mr. Brar is IP and Strategy - which to me says IP R&D & protect IP. The VP position will report directly to McNally. This company has to have someone focused (at home office) on the engine/product while McNally is focused (and traveling) on the competition, finance, planning for sales, strategic partnerships or if they are approaching/approached - how to manage M&A.

This is a very good indicator to me of how McNally thinks, and what needs to be done to move SPORT to CE/FDA certification. I was wondering about a VP of Engineering. Check that box.

Also, a strong indication that funding has/is/will be addressed forthwith.

IMO.

Regards,
BK