Titan Medical Inc (TMDIF)

[66Mustang]

Another way to look at what it SHOULD be is to look at how much this development has cost to date. They started SPORT development in 2012, so for example, 5 years in with a burn rate of what, maybe $60M/year on average? That's $300M into SPORT, plus some carry-over from Amadeus development like a couple patents, maybe another $100M-ish. So (VERY loose ballpark figures I'm throwing out here) SPORT has cost maybe $400M to date, and the value of that investment should reflect some appreciation (companies wouldn't intentionally develop products for break-even scenarios)- How is 25% of a nice ballpark figure for generating value from the development process? Probably should be more like 50 to 75% but just playing conservatively at the moment... That means the program should have a value around $500M (or $700M if we used the 75% figure). With just under 200M shares outstanding (soon to be much more), the value should be about $2.50/share right now (or $3.50/share using 75%). If the number of outstanding shares goes close to 350M, that's still a buck a share.

If anyone wants to do the research and plug in some actual numbers, it could be a fun and interesting experiment! But I guarantee that whatever the real numbers are, it will derive a share value well above 11 cents!