Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

PPS will probably keep going down until there is clarity on the capital structure, but filing the NDA sometime this Summer would help. There is a temptation to sell and buy back in once it bottoms out, but I have never been good at timing the market and with my luck they would announce a ROW partnership for probuphine right after I sold.

I think a RS is a certainty. They don't have enough shares authorized to cover warrant issuances, and since they aren't asking to increase the authorized shares in the proxy, the only way they can make enough room (and avoid $2.5 million in liquidated damages) is a RS.

They had to file now. August 31 is the deadline to make room for the warrants per the terms of the financing. With a reverse split, the SEC has 30 days to review and comment on the proxy statement if they choose...so you need to file at least 30 days early in case the SEC elects to review.