Titan Medical Inc (TMDIF)

[whynotmewhynottitan]

Super Roth or Roth Conversion! Are my Titan friends familiar with this? I just completed one for my Titan shares that were in my traditional IRA. 100K Shares. Since Titans PPS is so low it is the perfect time to do so if you are long Titan. What this does when converted to a Roth is you pay taxes on the value at conversion for that tax year. Taxed as ordinary income. The plan for us risk takers is that if Titan performes as we think it will, all gains in this account are tax free for life. Example: I moved 100,000 shares of Titan at $.80 = $80K. I pay approx: $28K in tax now, but if and when Titan goes to say $25 per share. The valve of this account is $2.5M, and is 100% tax free upon withdrawal for life. You can continue to invest in this account and again all gains are 100% tax free upon withdrawal.

This may be a good strategy for folks that currently have shares in a traditional IRA! Go Gitan!