Titan Medical Inc (TMDIF)

[investinthefuture]

IMHO, it's unlikely that this will be a $2-5M grab. In order to get production going again, both Plexus and Ximedica wanted a 6 month reserve on all future work. To achieve that, Titan needs to raise a pretty substantial chunk of change.

I have a feeling that they did not specify the number of shares that they're offering because it's going to be a big, big number. We shall see.

Personally, I will be happy if they raise everything that they need to finish the device, even if it means significant dilution. It's painful to watch our shares become more worthless as they become more fractional, but it would be even worse to see their value go to zero.