Titan Medical Inc (TMDIF)

[IET]

Whatever it was, something came to a head. I certainly don't think the rupture between Xi and Titan was about money, becuse they would not have restarted otherwise with the little money available now. It had to have something to do with the partnership not working due to irrealistic demands and probably clashes in personality.

What is telling in this regard was the recent press release starting with" "...the Company and its principal development partner, Ximedica LLC have reached agreement on the initiation of an acceptable development plan for the SPORT™ Surgical System. "

In other words, simple logic dictates there was something that Xi considered unacceptable in the past in terms of the development. That can't just have been "pay us for 6 months in advance" even though that may have been the cover to give TITXF management the opportunity to blow up for the better.

Rather, it sounds like they were fed up with whoever from Titan was giving them orders on what to do in terms of development, and that person was responsible for the delay and had no choice but to resign with all those who previously supported him now following.

Xi runs the show here, and frankly, I don't mind at all until we got something better. The fact that it is possible for a contractor to have more power speaks both the investment of Xi in SPORT and their willingness to see it through (good thing) and the weakness of Titan management (bad thing). But...at least someone cares....