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Friday, November 07, 2014 5:10:28 PM
I stopped by Titans office on Thursday November 6. to inquire about when the 3rd quarter results will be out.
I had a casual talk with Stephen Randall. A brief following of what I can remember although he could not say too much:
1) 3rd quarter results to be out by November 14. They were making sure all final numbers were in.
2) Milestones are still on track
3) I inquired about Bertner and the fact nothing has been released from them. Titan is currently happy with what they are doing
4) Titan were aware of SV life sciences buying of Ximedica and we're pleased with it
5) I mentioned the job for a Accounting Manager needed with reference to having a manufacturing background. That is a definite requirement
6) Asked if the manufacturer would be in Canada or the U.S.
It would be somewhere in North America.
7) I talked about European sales team. He mentioned possible regional distributors.
8) It seems they are trying to keep a tight lid on expenditures since there is no revenue coming in. I mentioned that once they get CE mark, revenue should start coming in while they work on FDA approval.
He said they don't expect much of a gap between the CE and FDA approvals providing all goes as it should.
9) I mentioned that I saw them opening the TSX. They were happy with the uplisting in Canada. I asked about an uplisting in the U.S. He said when the time is right and it is warranted they would consider it.
I wish I was more prepared but it was a spur of the moment to drop in on them.
He was very open and positive and said I could drop by anytime but wasn't revealing much as far as specifics were concerned
I'm now out of the province and will be offline for awhile... Travelling. Will check in later. Everyone have a good weekend
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