Titan Medical Inc (TMDIF)

[Woolabe]

Medicine is consolidating more and more everyday, and the ratio of Surgeons to patients decreases everyday also. The wave of the future will be a surgeon being remotely tied into several hospitals and performing the procedures off site. This has happened in Radiology, and OB/GYN, where scans are done one place and read off site. With the exception being ER's, where scans are read almost immediately. SPORT is positioning itself to capture that market. DaVinci robots are large, awkward, not mobile and limited in Surgical scope, but the have market penetration and first to market on their side. I was going to sell the DaVinci system, it's good, but it's shortcomings are evident with the upgrades on the SPORT. I truly see DaVinci buying them, they have $2.5B in Cash and no debt. They will allow the SPORT to develop, start production and distribution in Europe, and then buy the company for a stock swap, and they will be on top again.