Titan Medical Inc (TMDIF)

[jetuomi]

My guesses.

This was the first quarterly filing that mentions the risk of Titan never achieving timelines as it is a tech company. Implies to me they are doing CYA work. So the timelines are also padded to cover themselves in my opinion.

Also they have the funding to go all the way in my opinion, cash burn isn't as high as accounting losses.

Ximedica is not Titan and so getting a cash injection doesn't mean Titan gets anything

Accounting manager suggests setting up manufacturing and costing processes (as it publicly states) so this implies an outsourced manufacturer is going to make these prototypes by Q1. They may or may not be Ximedica.

I think this shake out was MM driven by massive shorting and guys like Tim Sykes using Twitter to spread the word to short short short. I don't think there is any more behind it than that.

I hope we get more PRs in the next month leading upto the big Q1 announcement