Titan Medical Inc (TMDIF)

[66Mustang]

You got me wondering the same thing, because I didn't think I was ever all that pro-RS. I checked my old posts pertaining to it and all I came up with is these:

"Okay, I was never a big fan of a reverse split. Always seemed to be like it drives the price up, giving it more room to fall back down. Almost like it could have some natural tendency to return to $.30 regardless of number of shares or Market cap or actual value. But in this case, uplisting seems like the natural path, and maybe sooner is better than later in terms of fundraising capability."

"I still have some trepidation about the potential downsides for the RS but I also see the upsides, and I figure McNally and crew know better than I ever will. I would most likely vote yes on the RS if the vote were to happen today."

I guess between these postings, it is safe to surmise that never really pro-RS, but only to the extent that I still have confidence in the new management team and their plan to try to uplist. I know I have stated in the past that I believed the amount of dilution will not likely be substantially impacted by an RS or not. The amount of dilution required for this offering is at least around 20% or so of the number of outstanding shares, so a price drop of 20% keeps market cap around the same. From .25 to .20 is a 20% drop. If they max out the offering, it's twice the number of shares, and therefore, .15 a share maintains our prior market cap. Looks like crap on paper, especially for us longs, but bills need to get paid and this is how a development company gets money.

As for people following me off a cliff, I also recall pointing out that I am neither an investment professional nor a leader. I have typically considered myself more of a "do-er" than either a leader or a follower. And I don't think we went off a cliff in any case. They are just keeping the doors open and following the plan. (I'd love to know more about the plan though...)