Titan Medical Inc (TMDIF)

[Honeycomb777]

Looking at the numbers, the revised cost of all remaining milestones was 57 million - let's just call it 60.

23 milly of that 60 figure was for q4


Now Longtai potentially brings them 24.4 milly (4+4+1.4+15) and yesterday's news brings them 7.6 milly = $32M total plus cash on hand.

SO they questions that I have are:

1) How much of the q4 costs have already been paid ?

2) How much cash on hand do they really have ?

3) Are these costs really inclusive of general operating costs?


** If, say, they only have 6 milly left on the q4 bill and 1M left on hand, then we should be in good shape with some minor future warrant exercise.