Titan Medical Inc (TMDIF)

[Honeycomb777]

I know everyone is excited but the fact is we need to see the prototypes on or ahead of schedule...this deal provides $5.76 million to us on 11/15, with another 4.3-4.7 milly later on. With milestone success comes add'l costs - the KEY is still and always has been that Mgt. needs to tap some of the warrant money (80 milly available) for future operating cash. People will only exercise if PPS is much higher.

* I don't believe today's news comes close to getting us there. Show me the prototypes and I will be glad to whistle a different tune...I do think it's coming though !! The 8 cent discount puts us around 93-94 cents in US terms. It could gap up just as easily as it could touch the 52 week low on Monday folks. This team cannot be trusted which is sad and although they don't care - when you delay for 2 yrs at the 11 1/2th hour, Mr. Market remembers and MAY only reward you when you come through with future milestones ON TIME. They Need to make good and prove it by 12/31. PROTOTYPES PLEASE