Titan Medical Inc (TMDIF)

[Flenderson]

Don't shoot the messenger, but had another quick conversation with everyone's friend.

Asked about a possible delay in milestones, etc because of recent events, he said most likely. Asked if were looking months, quarters, etc. He said it would likely be around one quarter.

Were pretty much back up and running. Finalizing a few things. It sounds like they got everything needed with the financing and wherever else to move forward. He was very positive (take it for what it's worth).

Communication with Plexus and Ximedica is better. Sounds like there back on board.

Not sure where design freeze was slotted before, but looking at mid 2017. May have been Q1.

Lastly, asked how in the world they plan to raise 65 million next year to get to FDA. Danced around it a little, but said something like it's our best guesstimate for right now. He said I'll let you know exactly how much after we've been selling commercially for 6 months (Don't get pissed at me for that one - he said it).

IMO, he was more straightforward, concise with his answers this time. AGAIN, please call him yourself if you don't like, or believe any of these answers.

The one thing you all can get made at me for is I didn't press more on the 65 million for 2017. I should have asked him how can you do this without diluting to oblivion and screwing shareholders once again. It never fails, you hang up the phone and immediately you wish you had asked a couple more things.

GLTA