Titan Medical Inc (TMDIF)

[Honeycomb777]

Went back to check on the Bertner hiring and am trying to figure out WHAT in the heck she is/could be doing to be worth this:

The agreement for the engagement of Bertner Advisors will commence on July 7, 2014 for a term of 36 months. Bertner Advisors will be paid fees of US$20,000 per month for its services, with an annual increase of 5% on such monthly fee. An additional fee of six times the monthly fee shall be paid to Bertner Advisors in the event that a merger, acquisition, consolidation, or other transaction occurs, pursuant to which all or substantially all of the stock, assets, or other interests in Titan are sold or otherwise conveyed, and such transaction results in a new person or entity obtaining a fifty percent (50%) or greater ownership interest in or control over Titan.

* So to recap, she gets $240k to July 2015 20k/month
252k to July 2016 21k/month
265k to July 2017 22+k/month

Then say sometime in 2016 they sellout - she gets a 1-time bye bye payment of $126,000. I don't know about you but I have not heard anything from this woman in 6 months time and stock price has gone down over 40%. This plus Paige's increase to 144k/yr is OUTRAGEOUS IMO folks. We're all Fools if we don't start posing some tougher questions towards Mgt.

In fact, one of the original 3 women is gone if you look at Bertner's website. (Used to be Sherry, Monique, and Lena)