Titan Medical Inc (TMDIF)

[RockoTaco]

Fair Value is relative, some people would think fair value is $50/share, others might think that fair value at this point is $5/share. The value is whatever is agreed upon b/t buyer and seller. It would almost lead you to believe that their is a different "Fair Value" based on where they are in the development of SPORT.

For example, maybe after "Design and Test of Feasability Prototype" value was worth X amount to the buyer (for example purposes only X=$500M).

Then the next milestone (Units built and ready for engineering verification) was worth Y amount to the buyer (example Y=$750M)

and on and on until FDA approval and revenue generation was worth Z amount (Z=$3B)

If this were the case, then the PPS would not matter to Titan Mgmt, only achieving certain levels that are needed for the buyers value to equal their value.

Again, I am not sure about this but I also don't buy the theory that mgmt is aloof and don't know what they are doing regarding the BUSINESS side of it. I don't disagree that they are not supporting share price. I think they are operating the company on that fine line b/t private and public company - what i mean is they fulfill the minimum obligations regarding information that is required by a public company but operate, develop and negotiate as if they were a private company.