Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

I really don't know. They won't be issued all at once, but fairly quickly over the next year would be my guess. With the extra $15 million in cash and (hopefully) strong royalties and sales milestones from probuphine, there should be less of a temptation for management to dilute shareholders with a secondary offering (although I realize they can do so with the existing shelf at any time).

There are not that many shares outstanding currently. I can actually see management getting pressure to do a split over the next year (maybe 2 for 1) to add additional liquidity. Kind of ridiculous after the reverse split last year, but stock's that split tend to do well so I'd take it.