Titan Medical Inc (TMDIF)

[Flenderson]

Still here. As baffled as the next person with this recent financing. After the first raise I mentioned that McNally conveyed that "the capital markets have not been kind to Titan." Obviously they are frustrated and maybe a little surprised as well.

I'm torn regarding debt. At this point, I think it has to be on the table. I can confirm what was said earlier about Mc not wanting to go down the debt road because it would risk there IP, etc. Before this last raise they seemed pretty adamant against it. I actually took there firm stance on this as a positive. I think they know there IP, etc is very valuable and if god forbid they can't get the wheels up they still have a golden egg to shop around.

IMO I believe Mc views Titan's core technology, IP, etc as his insurance. If he can't get Titan to the promised land he can at least unload there Tech at above his option strike price (.50+). He's not going to walk away from this gig empty handed. Hence, he will do everything from risking it with some sort of debt offering/agreement. He won't risk it as collateral.

GLTA