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Friday, September 23, 2016 8:17:14 AM
To initiate a policy of more open communications, we request that the company publicize the answers to the following shareholder questions:
Did the recent offering raise sufficient funds to cover the six month advance for Ximedica and Plexus to resume the SPORT development efforts?
If not, what is the financing plan moving forward?
What is the status of the search for a new Chairman of the Board and what is the anticipated completion?
Has the SPORT timeline changed substantially due to the recent events, and if so, what is the new proposed timeline?
Even if the answers are not generally favorable, Titan’s investors deserve to know these aspects of how our investments are being handled. We truly hope the organization has the courage to provide open and honest answers, and to continue to provide updates on major issues.
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