I sent this email to Hargorve yesterday and we all should do the same requesting them for cancellation of shelf-offering:
Dear Mr. Hargrove:
I am a long-term shareholder of Titan. I am really impressed with the recent news and milestones including building of two full-integrated SPORT surgical system. As a shareholder, I had an expectation that the share price of Titan will also appreciate after this announcement. However, market still ignoring all the great works you and your team is doing. This brings a lots of frustration to shareholders. I believe you and your team is also equally frustrated with the share price performance.
As a shareholder, I thought a lot regarding share price under performance even though Titan management made a significant stride in delivering the critical milestones. I believe, as a prudent and smart management you were also expecting some sort of reflection of your great works into the Titan's share price so that your shareholders could also be proud for great works that you and team have been delivering. In this area, I would say, Titan's approaches and strategies have weakness that certainly demands your attention. Great product, great company and great management all must be reflected in the share price or company's market cap.
Repeated changes in the development courses in the past and missing development timelines have evaporated market trust on Titan and Titan management, and as a result the market in general not evaluating recent great announcements. On top of that, the shelf-offering announced by Titan management acting as a hanging sword on the share price. It is a poison bill for Titan share price and its shareholders. We understand that public company needs capital for business development but the idea of shelf-offering is acting against all great works you and your team is doing causing huge frustration among shareholders. Many of us is hanging with Titan for last 5/6 years and definitely deserve share price appreciation.
The idea of shelf-offering is very very detrimental to the share price. Titan management should have adopted better financing ideas similar to many public companies out there. As a shareholder of Titan, I want to make a fervent request to you to cancel the shelf-offering and if you do so, share price would appreciate, warrants will get exercised that will bring necessary capital to Titan for SPORT development.
I still have hope and trust for Titan management that they will understand the pain of shareholders and will implement appropriate steps and strategies for marketing for share price appreciation. Great management develops great products and at the same time deploys suitable marketing and PR strategies so that company market cap grows and shareholders get rewarded. In this modern world, it does not make sense that you develop something but don't want to let rest of the world know about it!
Sincerely Yours,
Doyel
