Okay, the sidelines are a bit boring when real happenings are afoot. And I'm not sure how much of the current panic is justified.
Re-read that post without casting it all into the present, which is easy to do with a more skeptical mindset... Look for past tense wording on some of this and apply past tense to the past. Some of this might be historical information to put the rest of the message into perspective.
"requires a higher-performance product than originally envisioned by the Company at its inception" When was Titan's inception? Is this possibly just describing why they bagged Amadeus and moved on to SPORT?
"This has required the re-assessment of user requirements in consideration of competitors and in turn, driven further design changes" Are these new changes starting today, or is "has required" not a past tense phrase?
"The Company has experienced technical challenges" And met them with the current design?
"The Company continues to study the evolving competitive surgical products patent landscape, in order to ensure that its product would not likely infringe the intellectual property of others." Big IP review a couple months ago yielded positive results. They have to keep up with what a dozen other companies are doing in IP land at the same time.
We knew some fundraising was coming. Everyone pissing on the company for so long hasn't helped PSS, hence more dilution than necessary (I know that may be disputed, however...). Now this "the sky is falling" attitude is creating a nice buy opportunity while also ensuring MAXIMUM dilution. Simple ballpark math, yesterday's .25 share price for an $8.X Million raise is close to 40M additional shares, or about 20% dilution, so effective share price should have fallen about 20% on today's news. Simple math, and it was very predictable knowing they were out of money in a few weeks. The R/S isn't an overnight process, and uplisting takes longer, so we logically knew there had to be another fundraising coming.
Gotta get us some Brits on this message board who know how to "Stay Calm and Invest!"
In any event, we should be individually bombarding the investor contact inbox with questions asking for clarification at the AGM. If the Chicken Little interpretation is true, we need to know. But they need to know that we demand answers when something like this happens, and their explanation is less clear than necessary.
