Titan Medical Inc (TMDIF)

[Hypocrates]

Sneaky and disappointing! This does get them across their minimum desired threshold, however just barely. The subsequent raise does not send out a large vote of confidence from the market.

I am concerned they couldn't find a new COB other than a member of the old guard. The time to do a subsequent raise was after hiring an all star CEO. I would imagine today's announcement is a signal that the CEO replacement will be quite far out.

We need a full time admin in this company. Frankly I would use these new monies and hire a Scott H - it is clear the market won't give them a damn unless there is a complete shift in approach here.

Still no refutation from the company about pushing the CE application that far into 2017 as cited in the most recent article circulated here.