Titan Medical Inc (TMDIF)

[diversify]

Options are common in start-ups, but they are not really a "form of payment" to employees in this case because the option price is 2x the current stock value. In short, these options given to employees are absolutely useless and value-less right now. Even if Titan got purchased now at $1/share, the folks who received this get nothing. I have worked for 3 start-ups that got acquired. My 1st startup options were useless so I learned to pay better attention to understanding how things work. Luckily my next 2 times my options were actually at a premium.

This is not a bad thing in my eyes, just clarifying what glg20 is saying.