Titan Medical Inc (TMDIF)

[DRG1025]

We'd all like to be bought out at the highest possible price/share. But you have to look at it from other individual's perspective's as well. You've got a lot more tenured investors in Titan who bought in at .30/share (some a little lower, some a little higher) who've had their money tied up in Titan for many years. Many didn't have any intentions of keeping their money tied up this long in this company. It's been dead money to them and dead money means it's costing them money in the interim. I don't know what your cost per share average is but to a lot of Titan investors a $4-$5/share buyout would be welcomed and a huge "win". Think about it, someone has 100,000 shares bought at .30/share. They've had this money ($30,000) locked up in Titan for ten years. That's a lot of waiting and a lot of money for the average man. So for $4-$5/share buyout they can walk away with $400K-$500K and a huge gain. I'm sure many would take that buyout price in the next 12-18 months rather having to wait an additional four years to get a few dollars higher.

For me personally, if they were bought out at $4-$5/share it would materially change me and my family's life at 40 years old. It's relative to each investors situation.